Perella Weinberg Partners
About: Perella Weinberg Partners is an independent advisory firm that provides strategic and financial advice to a wide range of clients. The Company's activities as an investment banking advisory firm constitute a single business segment that provides a range of advisory services, including advice related to strategic and financial decisions, mergers and acquisitions execution, shareholder and defense advisory, financing and capital solutions advice with resources focused on restructuring and liability management, capital markets advisory, private capital placement, as well as specialized underwriting and research services for the energy and related industries.
Employees: 663
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
1,431% more call options, than puts
Call options by funds: $1.65M | Put options by funds: $108K
175% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 12
25% more capital invested
Capital invested by funds: $775M [Q2] → $968M (+$194M) [Q3]
17% more funds holding
Funds holding: 127 [Q2] → 148 (+21) [Q3]
5.79% more ownership
Funds ownership: 89.28% [Q2] → 95.07% (+5.79%) [Q3]
6% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 48
100% less funds holding in top 10
Funds holding in top 10: 1 [Q2] → 0 (-1) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$26
10%
upside
Avg. target
$26
10%
upside
High target
$26
10%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
JMP Securities Devin Ryan 86% 1-year accuracy 61 / 71 met price target | 10%upside $26 | Market Outperform Maintained | 9 Oct 2024 |
Financial journalist opinion
Neutral
GlobeNewsWire
1 month ago
Erik Maris Joins Perella Weinberg
NEW YORK and PARIS, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Perella Weinberg Partners (Nasdaq: PWP), a leading global independent advisory firm, announced today that Erik Maris has joined the Firm's European practice and will work with its French and European Partners in providing strategic advice to clients across coverage sectors.
Positive
Seeking Alpha
1 month ago
Perella Weinberg: Aggressive Hiring Past And Present Paying Off
Perella Weinberg reported a strong topline result, driven by aggressive senior banker hiring and corporate activity growth, despite lagging sponsor recovery. Revenues surged 100% in Q3, outpacing other boutiques, ahead also of significant increases in comp expenses allowing for a strong income lift. Trump's incoming presidency could boost Q4 and Q1 advisory business, though potential tariffs could impact inflation and sponsor recovery.
Neutral
Seeking Alpha
1 month ago
Perella Weinberg Partners (PWP) Q3 2024 Earnings Call Transcript
Perella Weinberg Partners (NASDAQ:PWP ) Q3 2024 Earnings Call November 8, 2024 9:00 AM ET Company Participants Taylor Reinhardt - Head, Communications and Marketing Andrew Bednar - Chief Executive Officer Alex Gottschalk - Chief Financial Officer Conference Call Participants Devin Ryan - Citizens JMP Brendan O'Brien - Wolfe Research Aidan Hall - KBW James Yaro - Goldman Sachs Operator Good morning and welcome to the Perella Weinberg Partners Third Quarter 2024 Earnings Conference Call. [Operator Instructions] Please be advised that today's call is being recorded.
Neutral
GlobeNewsWire
1 month ago
Perella Weinberg Reports Third Quarter 2024 Results
Financial Overview - Third Quarter Revenues of $278 Million, Up 100% From a Year Ago Adjusted Pre-Tax Income of $52 Million, GAAP Pre-Tax Income of $36 Million Adjusted EPS of $0.34; GAAP Diluted EPS of $0.24 Financial Overview - Nine Months Revenues of $652 Million, Up 50% From a Year Ago Adjusted Pre-Tax Income of $97 Million, GAAP Pre-Tax Loss of $(96) Million Adjusted EPS of $0.69; GAAP Diluted EPS of $(1.61) Talent Investment Year-to-Date Added Five New Partners and Eleven New Managing Directors Capital Management Strong Balance Sheet with $335 Million of Cash, Cash Equivalents and Short-Term Investments and No Debt Year-to-Date Retired Approximately 12.3 Million Shares and Share Equivalents through Purchase, Exchange and Net Settlement Year-to-Date Returned $215 Million to Equity Holders Declared Quarterly Dividend of $0.07 Per Share “We delivered another record quarter and for the nine-month period produced the highest revenue in the Firm's history. Our performance demonstrates the strength of our franchise and the benefit of our increasing scale and broadening client coverage in an improving operating environment.
Neutral
GlobeNewsWire
1 month ago
Michael Masterson Joins Perella Weinberg as Partner
Appointment Strengthens Firm's Transportation, Leasing, and Logistics Coverage Appointment Strengthens Firm's Transportation, Leasing, and Logistics Coverage
Neutral
GlobeNewsWire
1 month ago
Perella Weinberg to Announce Third Quarter 2024 Financial Results and to Host Conference Call on November 8, 2024
NEW YORK, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Perella Weinberg Partners (NASDAQ:PWP), a leading global independent advisory firm, today announced that it plans to release its financial results for the third quarter 2024 on Friday, November 8, 2024, before the market opens.
Positive
Seeking Alpha
4 months ago
Perella Weinberg: Management Downplaying Q2 Outperformance
PWP had a great quarter, but management is playing it down because the timing effects of big and idiosyncratic closures have quite a bit to do with it. Perella Weinberg is likely to have a strong performance this year on the back of solid M&A positioning and restructuring, but the hope is for a sponsor market pickup. Valuation is alright, but it's not great due to substantial dilutive effects. It's relatively expensive within the pack, although not the most expensive. So it's a pass for now.
Neutral
Seeking Alpha
4 months ago
Perella Weinberg Partners (PWP) Q2 2024 Earnings Call Transcript
Perella Weinberg Partners (PWP) Q2 2024 Earnings Call Transcript
Neutral
GlobeNewsWire
4 months ago
Perella Weinberg Reports Second Quarter 2024 Results
Financial Overview - Second Quarter Revenues of $272 Million, Up 64% From a Year Ago Adjusted Pre-Tax Income of $63 Million, GAAP Pre-Tax Loss of $(81) Million Adjusted EPS of $0.43; GAAP Diluted EPS of $(1.21) Financial Overview - First Half Revenues of $374 Million, Up 26% From a Year Ago Adjusted Pre-Tax Income of $45 Million, GAAP Pre-Tax Loss of $(132) Million Adjusted EPS of $0.34; GAAP Diluted EPS of $(1.96) Talent Investment Year-to-Date Added Three New Partners and Nine New Managing Directors Two Additional Partners and One Additional Managing Director Joining Firm Later This Year Capital Management Strong Balance Sheet with $185 Million of Cash and No Debt Year-to-Date Retired Approximately 10.4 Million Share Equivalents through Purchase, Exchange and Net Settlement 85.8 Million Shares Outstanding at June 30, 2024, Down from 94.2 Million at March 31, 2024 Year-to-Date Returned $162 Million in Total to Equity Holders Declared Quarterly Dividend of $0.07 Per Share “We delivered strong results, with revenues hitting a quarterly record for the Firm. We continue to execute on our scaling strategy through steady and deliberate investment in talent to increase our client coverage footprint and we are encouraged by the momentum across our business – our results reflect the combined impact of an improving market environment with the right coverage, product and geographic teams in place across our platform,” stated Andrew Bednar, Chief Executive Officer.
Neutral
GlobeNewsWire
4 months ago
Perella Weinberg Announces Partner Promotions
NEW YORK, July 25, 2024 (GLOBE NEWSWIRE) -- Perella Weinberg Partners (NASDAQ:PWP), a leading global independent advisory firm, today announced the promotion of four Managing Directors to Partners of the Firm.
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