Perella Weinberg Partners (NASDAQ: PWP) stock jumped 2.76% on Monday to $11.18 against a previous-day closing price of $10.88. With 0.86 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.21 million shares. During the session, the Capital Markets company that operates in wider Financial sector, reached to the highest price of $11.19 whereas the lowest price it dropped to was $10.76. The 52-week range on PWP shows that it touched its highest point at $12.00 and its lowest point at $6.80 during that stretch. It currently has a 1-year price target of $14.83. With its current market cap of 483.76 million, PWP has annualized dividend of $0.28 while the current yield stands at 2.50%. Beta for the stock currently stands at 1.50.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PWP was up-trending over the past week, with a rise of 9.07%, but this was up by 17.56% over a month. Three-month performance surged to 1.73% while six-month performance rose 36.34%. The stock gained 22.05% in the past year, while it has gained 14.08% so far this year. A look at the trailing 12-month EPS for PWP yields -0.87 with Next year EPS estimates of 1.00. For the next quarter, that number is 0.18. This implies an EPS growth rate of -30.34% for this year and 83.44% for next year.
Float and Shares Shorts:
At present, 41.74 million PWP shares are outstanding with a float of 39.12 million shares on hand for trading. On Oct 30, 2023, short shares totaled 0.51 million, which was 1.21% higher than short shares on Sep 28, 2023. In addition to Mr. Peter Amory Weinberg as the firm’s Co-Founder, Founding Partner & Chairman, Mr. Andrew Bednar J.D. serves as its CEO, Partner of New York & Director.
Through their ownership of 87.26% of PWP’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 51.76% of PWP, in contrast to 28.57% held by mutual funds. Shares owned by individuals account for 28.21%. As the largest shareholder in PWP with 7.50% of the stake, FIAM LLC holds 3,257,694 shares worth 3,257,694. A second-largest stockholder of PWP, Adage Capital Management LP, holds 2,818,614 shares, controlling over 6.49% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in PWP, holding 2,793,792 shares or 6.43% stake. With a 2.94% stake in PWP, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 1,278,425 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 2.26% of PWP stock, is the second-largest Mutual Fund holder. It holds 979,605 shares valued at 9.61 million. Schroder US Smaller Companies Fun holds 2.18% of the stake in PWP, owning 945,832 shares worth 9.28 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PWP since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With PWP analysts setting a high price target of $18.00 and a low target of $12.50, the average target price over the next 12 months is $14.83. Based on these targets, PWP could surge 61.0% to reach the target high and rise by 11.81% to reach the target low. Reaching the average price target will result in a growth of 32.65% from current levels.
Dividends & Yield:
In terms of dividends, PWP has a current ratio of $0.28, which is $0.28 over the trailing 12-months, while a dividend of $– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and PWP currently yields $2.51. In the past year, PWP’s dividend yield has been $2.51, but when looking at the stock over the past five years, its yield has been $–. Accordingly, PWP has a current buyback yield of $7.73. This was $7.73 for the TTM, and it was $– for the past five years.
Summary of Insider Activity:
Insiders traded PWP stock several times over the past three months with 0 Buys and 2 Sells. In these transactions, 0 shares were bought while 1,292 shares were sold. The number of buy transactions has increased to 12 while that of sell transactions has risen to 38 over the past year. The total number of shares bought during that period was 2,138,779 while 603,321 shares were sold.