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Perella Weinberg Partners
PWP

$18.08
3.16%

Market Cap: $950M

 

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 6,686 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

1,208% more call options, than puts

Call options by funds: $1.22M | Put options by funds: $93K

59% more repeat investments, than reductions

Existing positions increased: 62 | Existing positions reduced: 39

26% more capital invested

Capital invested by funds: $613M [Q1] → $771M (+$158M) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

8.16% less ownership

Funds ownership: 97.08% [Q1] → 88.92% (-8.16%) [Q2]

13% less funds holding

Funds holding: 146 [Q1] → 127 (-19) [Q2]

51% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 37

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$19
5%
upside
Avg. target
$21
13%
upside
High target
$22
22%
upside

2 analyst ratings

positive
100%
neutral
0%
negative
0%
JMP Securities
Devin Ryan
51% 1-year accuracy
35 / 68 met price target
22%upside
$22
Market Outperform
Reiterated
5 Aug 2024
Keefe, Bruyette & Woods
Michael Brown
86% 1-year accuracy
6 / 7 met price target
5%upside
$19
Outperform
Maintained
12 Jul 2024

Financial journalist opinion

Neutral
GlobeNewsWire
1 month 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.
Perella Weinberg Reports Second Quarter 2024 Results