Perella Weinberg Partners (NASDAQ:PWP – Get Free Report) declared a quarterly dividend on Tuesday, November 7th, Zacks reports. Shareholders of record on Friday, November 24th will be paid a dividend of 0.07 per share on Friday, December 8th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend is Wednesday, November 22nd.
Perella Weinberg Partners has a payout ratio of 28.0% meaning its dividend is sufficiently covered by earnings.
Perella Weinberg Partners Price Performance
PWP opened at $10.88 on Monday. The company has a market cap of $929.26 million, a price-to-earnings ratio of -9.80 and a beta of 1.49. The firm has a 50 day simple moving average of $10.16 and a 200 day simple moving average of $9.52. Perella Weinberg Partners has a fifty-two week low of $6.80 and a fifty-two week high of $12.00.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
A number of research firms recently weighed in on PWP. TheStreet raised shares of Perella Weinberg Partners from a “d+” rating to a “c-” rating in a research note on Monday, September 18th. The Goldman Sachs Group boosted their price objective on shares of Perella Weinberg Partners from $10.00 to $11.00 and gave the company a “buy” rating in a report on Friday, August 4th.
Perella Weinberg Partners Company Profile
Perella Weinberg Partners, an independent investment banking company, provides strategic and financial advice services in the United States and internationally. The company offers advice services related to mission-critical strategic and financial decisions, mergers and acquisition execution, shareholder and defense advisory, capital markets advisory, private capital placement, and financing and capital advisory solutions focused on restructuring and liability management, as well as underwriting and research services primarily for the energy and related industries.
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