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Perella Weinberg Partners - PWP STOCK NEWS

Welcome to our dedicated page for Perella Weinberg Partners news (Ticker: PWP), a resource for investors and traders seeking the latest updates and insights on Perella Weinberg Partners stock.

Perella Weinberg Partners L.P. (PWP) is a prominent global financial services firm that specializes in investment banking advisory services. Established in 2006 by industry veterans Joseph R. Perella, Peter A. Weinberg, and Terry Meguid, PWP has carved a niche for itself as an independent advisory firm offering comprehensive strategic and financial guidance to a varied client base. The firm went public in 2021, further solidifying its position in the financial sector.

PWP’s core business revolves around providing expert advice on strategic and financial decisions, mergers and acquisitions execution, shareholder and defense advisory, and financing and capital solutions. With a dedicated focus on restructuring and liability management, PWP stands out for its capital markets advisory, private capital placements, and specialized underwriting and research services, particularly within the energy sector and related industries.

Recent achievements highlight PWP's robust financial health and strategic initiatives. For the third quarter ending September 30, 2023, and the full year and fourth quarter ending December 31, 2023, PWP reported significant financial results, emphasizing revenue growth, prudent expense management, and strategic talent investments. These results are a testament to the firm’s enduring commitment to delivering value to its stakeholders.

PWP continues to bolster its capabilities with strategic appointments, enhancing its global media and technology services. The firm’s forward-looking approach is evident in its ongoing projects and collaborations, positioning itself as a trusted advisor in the dynamic financial landscape.

For the latest updates and detailed financial overviews, investors and interested parties can reach out via their dedicated contacts for investor relations and media inquiries: investors@pwpartners.com and media@pwpartners.com.

News

Perella Weinberg Partners Commences Public Offering of Class A Common Stock

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Perella Weinberg Partners (PWP) announces a public offering of 4,500,000 shares of Class A common stock with an option for an additional 675,000 shares. The net proceeds will be used for various purposes including tax liabilities, share purchases, and general corporate needs.
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Perella Weinberg to Present at the Bank of America 2024 Financial Services Conference

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Perella Weinberg Partners (PWP) announces CEO Andrew Bednar will present at Bank of America 2024 Financial Services Conference. The webcast will be available on PWP's website for public viewing.
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Perella Weinberg Reports Full Year and Fourth Quarter 2023 Results

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Perella Weinberg Partners (PWP) reported full year revenues of $649 million, up 3% from a year ago. Adjusted pre-tax income was $55 million, with an adjusted EPS of $0.45. However, the GAAP pre-tax loss was $(113) million, with a diluted EPS of $(1.33). The fourth quarter revenues were $213 million, up 16% from a year ago, with an adjusted pre-tax income of $11 million and a GAAP pre-tax loss of $(44) million. PWP invested in talent, adding senior bankers, and returned $65 million to equity holders in 2023. They also declared a quarterly dividend of $0.07 per share. The firm has a strong balance sheet with $338 million in cash and short-term investments and no debt.
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Perella Weinberg to Announce Full Year and Fourth Quarter 2023 Financial Results and to Host Conference Call on February 8, 2024

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Perella Weinberg Partners (PWP) is set to release its financial results for the full year and fourth quarter of 2023 on February 8, 2024, before the market opens. Management will host a conference call and webcast to review the results on the same day at 9:00AM ET. The webcast will be available to the public on a listen-only basis through the Investors section of PWP's website. A replay of the call will also be available for two weeks after the live call.
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Jillian Colbert Alsheimer Joins Perella Weinberg as Partner

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Perella Weinberg Partners (Nasdaq: PWP) has announced the appointment of Jillian Colbert Alsheimer as a Partner in the Advisory Business. Ms. Alsheimer, previously a Managing Director at Goldman Sachs, will focus on building the Firm’s shareholder activism, anti-raid, and corporate governance services. With a background in mergers and acquisitions, securities law, and corporate governance, her expertise is expected to enhance the Firm's capabilities in serving clients across various industry sectors.
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Perella Weinberg to Present at the Goldman Sachs 2023 US Financial Services Conference

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Perella Weinberg Partners (PWP) to Present at Goldman Sachs 2023 US Financial Services Conference
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Perella Weinberg Reports Third Quarter 2023 Results

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Perella Weinberg Partners (PWP) reported third-quarter revenues of $139 million, down 4% from a year ago. Adjusted operating income margin was 8.5%, while GAAP operating loss margin was (19.2)%. Adjusted EPS was $0.12, and GAAP diluted EPS was $(0.27). For the nine months, revenues were $436 million, down 3% from a year ago. The company continues to invest in talent and expand its client coverage footprint, adding senior bankers. PWP has a strong balance sheet with $197 million of cash and short-term investments and no debt. They returned $57 million to equity holders year-to-date, including share repurchases and dividends.
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Perella Weinberg to Announce Third Quarter 2023 Financial Results and to Host Conference Call on November 7, 2023

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Perella Weinberg Partners plans to release its financial results for the third quarter of 2023 on November 7th. A conference call and webcast to review the results will be held at 9:00AM ET on the same day.
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Troy Broderick Joins Perella Weinberg as Partner

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Perella Weinberg Partners announces the appointment of Troy Broderick as a Partner in the Advisory Business, strengthening the firm's shareholder activism and engagement expertise.
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Johann von Wersebe Joins Perella Weinberg as Partner

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Johann von Wersebe joins Perella Weinberg Partners as a Partner in the Advisory Business, reinforcing the firm's presence and investment in the European market. He will lead the firm's business in the DACH region, bringing over 25 years of investment banking experience. This appointment strengthens Perella Weinberg's franchise in German-speaking Europe.
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FAQ

What is the current stock price of Perella Weinberg Partners (PWP)?

The current stock price of Perella Weinberg Partners (PWP) is $20.42 as of November 4, 2024.

What is the market cap of Perella Weinberg Partners (PWP)?

The market cap of Perella Weinberg Partners (PWP) is approximately 1.1B.

What services does Perella Weinberg Partners provide?

PWP offers strategic and financial advice, mergers and acquisitions execution, shareholder and defense advisory, financing and capital solutions, and specialized services within the energy sector.

When was Perella Weinberg Partners founded?

PWP was founded in 2006 by Joseph R. Perella, Peter A. Weinberg, and Terry Meguid.

When did Perella Weinberg Partners go public?

PWP went public in 2021.

Who are the founders of Perella Weinberg Partners?

The firm was founded by Joseph R. Perella, Peter A. Weinberg, and Terry Meguid.

How does PWP distinguish itself in the financial services industry?

PWP is known for its independent advisory role and expertise in strategic and financial decisions, particularly within the energy sector.

What recent financial results has PWP reported?

PWP reported significant financial results for the third quarter ending September 30, 2023, and for the full year and fourth quarter ending December 31, 2023.

How can I contact Perella Weinberg Partners for investor relations?

You can contact PWP for investor relations via email at investors@pwpartners.com.

What recent strategic actions has PWP undertaken?

PWP has been investing in talent and enhancing its global media and technology capabilities through strategic appointments.

Does PWP offer specialized services for any particular industry?

Yes, PWP offers specialized underwriting and research services, particularly for the energy and related industries.

How can I stay updated with the latest news from PWP?

You can stay updated by visiting stock market websites like StockTitan and by reaching out to their media contact at media@pwpartners.com.

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Perella Weinberg Partners

Nasdaq:PWP

PWP Rankings

#2432 Ranked by Market Cap
#1643 Ranked by Dividends

PWP Stock Data

1.12B
52.54M
4.01%
94.5%
5.93%
Capital Markets
Finance Services
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