Live News • Aug 12
Perella Weinberg Partners Backlog Surges Over 30% as Deal Momentum Builds Perella Weinberg Partners reported that its announced and pending backlog is up more than 30% year over year, highlighting a larger pipeline of deals in progress following a pick up in announced transactions since June.
Management linked this backlog expansion to earlier investments in sector-focused teams, which are now feeding into higher client activity and deal flow even as Q2 sales were flat compared with a year ago but ahead of market expectations.
Perella Weinberg Partners shares trade at $17.76, with the stock up 19.1% over the past 30 days.
A backlog that is growing faster than reported revenue usually points to higher execution risk but also provides greater visibility on potential advisory fees. The key question is how efficiently Perella Weinberg Partners can convert this larger deal pipeline into closed transactions and cash flow. Recent Insider Transactions • Aug 09
CEO, Partner of New York & Director recently sold US$4.1m worth of stock On the 7th of August, Andrew Bednar sold around 236k shares on-market at roughly US$17.31 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Andrew's only on-market trade for the last 12 months. Recent Insider Transactions Derivative • Aug 06
CEO, Partner of New York & Director notifies of intention to sell stock Andrew Bednar intends to sell 78k shares in the next 90 days after lodging an Intent To Sell Form on the 5th of August. If the sale is conducted around the recent share price of US$17.36, it would amount to US$1.4m. For the year to December 2020, Andrew's total compensation was 10% salary and 90% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Andrew currently holds less than 1% of total shares outstanding. Company insiders have collectively sold US$13m more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Aug 05
Second quarter dividend of US$0.07 announced Dividend of US$0.07 is the same as last year. Ex-date: 28th August 2026 Payment date: 10th September 2026 Dividend yield will be 1.6%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is covered by both earnings (87% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has not increased over the past 5 years but payments have been stable during that time. Earnings per share has grown by 2.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 04
Second quarter 2026 earnings released: EPS: US$0.072 (vs US$0.043 in 2Q 2025) Second quarter 2026 results: EPS: US$0.072 (up from US$0.043 in 2Q 2025). Revenue: US$156.5m (flat on 2Q 2025). Net income: US$5.30m (up 94% from 2Q 2025). Profit margin: 3.4% (up from 1.8% in 2Q 2025). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Jul 21
Perella Weinberg Partners to Report Q2, 2026 Results on Jul 31, 2026 Perella Weinberg Partners announced that they will report Q2, 2026 results Pre-Market on Jul 31, 2026 Price Target Changed • Jul 10
Price target decreased by 9.8% to US$20.63 Down from US$22.88, the current price target is an average from 4 analysts. New target price is 38% above last closing price of US$14.91. Stock is down 25% over the past year. The company posted earnings per share of US$0.55 last year. Live News • Jun 30
Perella Weinberg Partners Sees Revenue Drop and Acquires Gleacher Shacklock for Growth Perella Weinberg Partners reported that first-quarter revenue declined 29.7% year on year, missing analyst expectations by 10.5%, and announced the acquisition of UK advisory firm Gleacher Shacklock to increase its presence and scale.
Management pointed to what it describes as strong client momentum and recent acquisitions, including Gleacher Shacklock, as evidence of continued focus on building the advisory franchise despite weaker quarterly results.
Perella Weinberg Partners shares trade at $15.96, with the stock down 11.3% over the past 90 days, following a 27.1% decline since the results.
The combination of a sharp revenue drop and a sizeable acquisition means investors in Perella Weinberg Partners are weighing near-term earnings pressure against the costs and potential benefits of adding Gleacher Shacklock to the platform. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to US$15.14, the stock trades at a trailing P/E ratio of 54.8x. Average forward P/E is 14x in the Capital Markets industry in the US. Total returns to shareholders of 91% over the past three years. Announcement • May 30
Perella Weinberg Partners Appoints Robert K Steel as Director Perella Weinberg Partners at its 2026 Annual Meeting of Stockholders held on May 27, 2026, appointed Robert K Steel as Class II director, of whom will hold office until the 2029 annual meeting of stockholders, and until his or her respective successor has been duly elected and qualified. Upcoming Dividend • May 25
Upcoming dividend of US$0.07 per share Eligible shareholders must have bought the stock before 01 June 2026. Payment date: 15 June 2026. Payout ratio is on the higher end at 95%, however this is supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (2.1%). Live News • May 17
Perella Weinberg Sees Q1 Revenue Fall but Reports Two-Year High Deal Backlog Perella Weinberg Partners reported a 30% year-over-year revenue decline in the first quarter, which management linked to longer timelines for M&A and financing deals that delayed revenue recognition.
CEO Andrew Bednar said the firm is increasingly advising on larger and more complex transactions, which are taking longer at every stage and affecting near-term results.
The company cited a two-year high in its quarterly deal backlog and continued investment in talent and international expansion, including the acquisition of Gleacher Shacklock, while Aristotle Capital Boston recently bought about 746,000 shares worth roughly US$14.66m.
The tension between weaker reported revenue and a strong deal backlog highlights how timing effects in advisory work can skew quarterly numbers away from underlying client activity.
For investors, the key questions are how quickly that backlog converts to completed transactions and how the firm manages costs as it invests in growth during a period of slower revenue recognition. Reported Earnings • May 05
First quarter 2026 earnings released: EPS: US$0.021 (vs US$0.28 in 1Q 2025) First quarter 2026 results: EPS: US$0.021 (down from US$0.28 in 1Q 2025). Revenue: US$148.9m (down 30% from 1Q 2025). Net income: US$1.49m (down 91% from 1Q 2025). Profit margin: 1.0% (down from 8.2% in 1Q 2025). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Announcement • May 03
Perella Weinberg Partners Declares Quarterly Dividend, Payable on June 15, 2026 Perella Weinberg Partners announced that the Board of Directors has declared a quarterly dividend of $0.07 per share of Class A common stock. The dividend will be paid on June 15, 2026 to Class A common stockholders of record on June 1, 2026. Announcement • Apr 21
Perella Weinberg Partners to Report Q1, 2026 Results on May 01, 2026 Perella Weinberg Partners announced that they will report Q1, 2026 results Pre-Market on May 01, 2026 Announcement • Apr 15
Perella Weinberg Partners (NasdaqGS:PWP) entered into a definitive agreement to acquire Gleacher Shacklock LLP. Perella Weinberg Partners (NasdaqGS:PWP) entered into a definitive agreement to acquire Gleacher Shacklock LLP on April 13, 2026.
The transaction is subject to regulatory approval and customary closing conditions and is expected to close in the second half of 2026.
Kate Ball-Dodd, Anna Pinedo, Avi Cohen, Chris Fisher, Katherine Fox, James Hill, Chris Chapman and Miriam Bruce of Mayer Brown International LLP and Anna Pinedo and Brian Hirshberg of Mayer Brown LLP acted as legal advisor for Perella Weinberg Partners. Board Change • Apr 14
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Houda Dabboussi was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 13
Perella Weinberg Partners, Annual General Meeting, May 27, 2026 Perella Weinberg Partners, Annual General Meeting, May 27, 2026. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$20.43, the stock trades at a trailing P/E ratio of 40.1x. Average forward P/E is 14x in the Capital Markets industry in the US. Total returns to shareholders of 146% over the past three years. Price Target Changed • Feb 09
Price target increased by 11% to US$24.88 Up from US$22.50, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of US$24.34. Stock is up 0.3% over the past year. The company posted earnings per share of US$0.55 last year. Declared Dividend • Feb 09
Fourth quarter dividend of US$0.07 announced Dividend of US$0.07 is the same as last year. Ex-date: 17th February 2026 Payment date: 9th March 2026 Dividend yield will be 1.2%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has not increased over the past 4 years but payments have been stable during that time. Earnings per share has grown by 9.3% over the last 3 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 07
Full year 2025 earnings released: EPS: US$0.55 (vs US$1.22 loss in FY 2024) Full year 2025 results: EPS: US$0.55 (up from US$1.22 loss in FY 2024). Revenue: US$750.9m (down 14% from FY 2024). Net income: US$35.5m (up US$100.2m from FY 2024). Profit margin: 4.7% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 06
Perella Weinberg Partners Declares Quarterly Dividend on Class A Common Stock, Payable on March 9, 2026 Perella Weinberg Partners Board of Directors has declared a quarterly dividend of $0.07 per share of Class A common stock. The dividend will be paid on March 9, 2026 to Class A common stockholders of record on February 17, 2026. Announcement • Feb 03
Perella Weinberg Partners Appoints Daniel Avrutsky as Partner Perella Weinberg Partners announced that Daniel Avrutsky has joined the Firm as a Partner. Based in New York, Mr. Avrutsky joins the Firm’s Technology business and will provide strategic and financial advice to clients in the software sector, with a focus on human capital management, the future of work, and AI. Mr. Avrutsky joins Perella Weinberg from Jefferies where he focused on Software advisory. Mr. Avrutsky holds an MBA from Stanford University Graduate School of Business and a BA in Mathematics and Economics from Duke University. Announcement • Jan 28
Perella Weinberg Partners to Report Q4, 2025 Results on Feb 06, 2026 Perella Weinberg Partners announced that they will report Q4, 2025 results Pre-Market on Feb 06, 2026 Announcement • Jan 23
Perella Weinberg Partners Announces Appointment of Benjamin Port as Partner Perella Weinberg Partners announced that Benjamin Port has joined the Firm as a Partner. Based in New York, Mr. Port joins the Firm’s Healthcare business and will provide strategic and financial advice to healthcare services clients, with notable expertise across retail multi-site healthcare, physician practice management, behavioral health, home health and hospice, and outsourced services. Mr. Port joins Perella Weinberg from Robert W. Baird where he focused on Healthcare Services. Mr. Port holds an MBA and a BS in Commerce from The University of Virginia. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$21.86, the stock trades at a trailing P/E ratio of 31.1x. Average forward P/E is 17x in the Capital Markets industry in the US. Total returns to shareholders of 129% over the past three years. Announcement • Jan 14
Perella Weinberg Partners Announces Board Changes, Effective June 30, 2026 Perella Weinberg Partners announced that on January 13, 2026, Peter A. Weinberg resigned as Chairman of the Board of Directors of Perella Weinberg Partners, effective as of June 30, 2026. Mr. Weinberg intends to remain on the Board of Directors and to continue serving as a working partner at the Company. Effective as of June 30, 2026, Andrew Bednar, the Company's current Chief Executive Officer, will also become Chairman of the Board of Directors of the Company. Reported Earnings • Nov 10
Third quarter 2025 earnings released: EPS: US$0.094 (vs US$0.29 in 3Q 2024) Third quarter 2025 results: EPS: US$0.094 (down from US$0.29 in 3Q 2024). Revenue: US$164.6m (down 41% from 3Q 2024). Net income: US$6.00m (down 63% from 3Q 2024). Profit margin: 3.6% (down from 5.9% in 3Q 2024). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Announcement • Nov 07
Perella Weinberg Partners Declares Quarterly Dividend on Class A Common Stock, Payable on December 15, 2025 Perella Weinberg Partners announced that the Board of Directors has declared a quarterly dividend of $0.07 per share of Class A common stock. The dividend will be paid on December 15, 2025 to Class A common stockholders of record on November 17, 2025. Announcement • Oct 24
Perella Weinberg Partners to Report Q3, 2025 Results on Nov 07, 2025 Perella Weinberg Partners announced that they will report Q3, 2025 results Pre-Market on Nov 07, 2025 Price Target Changed • Oct 13
Price target increased by 7.3% to US$25.75 Up from US$24.00, the current price target is an average from 4 analysts. New target price is 38% above last closing price of US$18.64. Stock is down 13% over the past year. The company posted a net loss per share of US$1.22 last year. Announcement • Sep 03
Perella Weinberg Partners Appoints David Wyles as Partner Perella Weinberg Partners announced that David Wyles has joined the Firm as a Partner. Based in London, Mr. Wyles will assume a leadership role in the Firm’s UK and European Businesses, providing strategic and financial advisory services to clients across sectors. Mr. Wyles joins Perella Weinberg after 27 years at Greenhill & Co., most recently serving as President and Head of Europe, the Middle East and Africa, where he was responsible for originating and executing some of the most significant M&A and restructuring transactions in Europe in recent years. Mr. Wyles holds a degree in electronic and optoelectronic engineering having trained with the Royal Corps of Naval Constructors, the design and development arm of the British Royal Navy. Upcoming Dividend • Aug 22
Upcoming dividend of US$0.07 per share Eligible shareholders must have bought the stock before 29 August 2025. Payment date: 10 September 2025. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of American dividend payers (4.5%). Lower than average of industry peers (1.9%). Announcement • Aug 20
Perella Weinberg Partners Appoints Suraj Tolani as Advisory Partner Perella Weinberg Partners announced that Suraj Tolani has joined the Firm as an Advisory Partner. Based in New York, Mr. Tolani joins the Firm’s Healthcare business and will provide strategic and financial advice to healthcare services clients. Mr. Tolani joins Perella Weinberg from J.P. Morgan, where he served as a Managing Director covering the healthcare services sector. Mr. Tolani holds a BS in Finance and Economics from Babson College. Recent Insider Transactions • Aug 14
Partner of London recently sold US$3.9m worth of stock On the 8th of August, Dietrich Becker sold around 178k shares on-market at roughly US$22.20 per share. This transaction amounted to 66% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Dietrich has been a net seller over the last 12 months, reducing personal holdings by US$15m. Announcement • Aug 12
Perella Weinberg Partners Announces Joining of Mathijn Queis as Advisory Partner Perella Weinberg Partners announced that Mathijn Queis has joined the Firm as an Advisory Partner. Based in London, Mr. Queis will join the Firm’s Financials & Technology business and provide strategic advice to clients across Europe in the software sector.Mr. Queis joins Perella Weinberg after a decade at Evercore, where he served as a Managing Director in the Technology Group covering European software companies across private equity and corporates. Mr. Queis holds an MSc in Finance from Imperial College London and a Master’s in International Business Studies from Maastricht University. Price Target Changed • Aug 04
Price target increased by 7.3% to US$25.75 Up from US$24.00, the current price target is an average from 4 analysts. New target price is 18% above last closing price of US$21.85. Stock is up 27% over the past year. The company posted a net loss per share of US$1.22 last year. Reported Earnings • Aug 04
Second quarter 2025 earnings released: EPS: US$0.043 (vs US$1.21 loss in 2Q 2024) Second quarter 2025 results: EPS: US$0.043 (up from US$1.21 loss in 2Q 2024). Revenue: US$155.3m (down 43% from 2Q 2024). Net income: US$2.74m (up US$68.8m from 2Q 2024). Profit margin: 1.8% (up from net loss in 2Q 2024). The move to profitability was driven by lower expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings. Announcement • Jul 22
Perella Weinberg Partners to Report Q2, 2025 Results on Aug 01, 2025 Perella Weinberg Partners announced that they will report Q2, 2025 results Pre-Market on Aug 01, 2025 Announcement • Jul 14
Perella Weinberg Announces Managing Directors Promotions to Partners Perella Weinberg Partners announced the promotion of six Managing Directors to Partners of the Firm. MK Alisdairi, who advises clients in the healthcare sector with a focus on tools and diagnostics, has more than 20 years of investment banking experience and joined Perella Weinberg at its inception in 2006. He received a Bachelor of Science in Electrical Engineering from Bucknell University and a Master of Science from Columbia University. Jake Boos, advising clients in the energy sector, has 15 years of investment banking experience and started his career as an analyst at TPH&Co. in 2011. He received a Bachelor of Science in Finance from Louisiana State University. Jim Buckley, who advises clients in the technology sector with a focus on vertical software and consumer internet, has over 15 years of investment banking experience and joined Perella Weinberg in 2015. He received a Bachelor of Arts in Finance from Georgetown University and a Master of Business Administration from the UCLA Anderson School of Management. Eric Marshall, advising clients in the energy sector, has 15 years of investment banking experience and started his career as an analyst at TPH&Co in 2011. He received a Bachelor in Business Administration and a Master in Business Administration from Texas Christian University. Holger Schmidt, advising clients across Europe in the Financial Services sector, has more than 15 years of investment banking experience and joined Perella Weinberg in 2024. He received a Bachelor in Business Administration from the University of Bayreuth and a Master in Finance from HHL Leipzig Graduate School of Management. Klaus Wülfing, advising clients across the DACH region primarily in the industrials sector, has more than 25 years of investment banking experience and joined Perella Weinberg in 2007. He received the degree of Diplom-Kaufmann from WHU – Otto Beisheim School of Management after studies at WHU, London Business School, and Université Catholique de Louvain. Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Independent Director Kristin Mugford was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 30
Perella Weinberg Partners Elects Joseph R. Perella as Class I Director Perella Weinberg Partners elected Joseph R. Perella as Class I directors, will hold office until the 2028 annual meeting of stockholders, and until his or her respective successor has been duly elected and qualified. Declared Dividend • May 05
First quarter dividend of US$0.07 announced Dividend of US$0.07 is the same as last year. Ex-date: 14th May 2025 Payment date: 30th May 2025 Dividend yield will be 1.6%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (10% cash payout ratio). The dividend has not increased over the past 4 years but payments have been stable during that time. Reported Earnings • May 04
First quarter 2025 earnings released: EPS: US$0.28 (vs US$0.73 loss in 1Q 2024) First quarter 2025 results: EPS: US$0.28 (up from US$0.73 loss in 1Q 2024). Revenue: US$211.8m (up 107% from 1Q 2024). Net income: US$17.3m (up US$53.2m from 1Q 2024). Profit margin: 8.2% (up from net loss in 1Q 2024). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 137 percentage points per year, which is a significant difference in performance. Announcement • May 02
Perella Weinberg Partners Declares Quarterly Dividend of Class A Common Stock, Payable on May 30, 2025 Perella Weinberg Partners announced Board of Directors has declared a quarterly dividend of $0.07per share of Class A common stock. The dividend will be paid on May 30, 2025 to Class A common stockholders of record on May 14, 2025. Announcement • Apr 23
Perella Weinberg Partners LP to Report Q1, 2025 Results on May 02, 2025 Perella Weinberg Partners LP announced that they will report Q1, 2025 results Pre-Market on May 02, 2025 Price Target Changed • Apr 08
Price target decreased by 7.6% to US$25.88 Down from US$28.00, the current price target is an average from 4 analysts. New target price is 67% above last closing price of US$15.50. Stock is down 2.6% over the past year. The company posted a net loss per share of US$1.22 last year. New Risk • Apr 03
New minor risk - Dividend sustainability The dividend is not well covered by earnings. The company is paying a dividend despite being loss-making. Dividend yield: 1.6% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.9% per year over the past 5 years. Minor Risk Paying a dividend despite being loss-making. Recent Insider Transactions Derivative • Apr 02
Co-Founder notifies of intention to sell stock Peter Weinberg intends to sell 141k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of April. If the sale is conducted around the recent share price of US$18.40, it would amount to US$2.6m. Since September 2024, Peter's direct individual holding has decreased from 934.38k shares to 558.74k. Company insiders have collectively sold US$50m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Mar 04
Co-Founder notifies of intention to sell stock Peter Weinberg intends to sell 141k shares in the next 90 days after lodging an Intent To Sell Form on the 3rd of March. If the sale is conducted around the recent share price of US$23.11, it would amount to US$3.3m. Since March 2024, Peter's direct individual holding has decreased from 990.03k shares to 641.49k. Company insiders have collectively sold US$49m more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Feb 10
Fourth quarter dividend of US$0.07 announced Dividend of US$0.07 is the same as last year. Ex-date: 18th February 2025 Payment date: 10th March 2025 Dividend yield will be 1.1%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (12% cash payout ratio). The dividend has not increased over the past 3 years but payments have been stable during that time. Announcement • Feb 08
Perella Weinberg Partners Declares Quarterly Dividend, Payable on March 10, 2025 The Board of Directors of Perella Weinberg Partners has declared a quarterly dividend of $0.07 per share of Class A common stock. The dividend will be paid on March 10, 2025 to Class A common stockholders of record on February 18, 2025. New Risk • Feb 07
New major risk - Revenue and earnings growth Earnings have declined by 3.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.9% per year over the past 5 years. Minor Risk Significant insider selling over the past 3 months (US$19m sold). Recent Insider Transactions Derivative • Feb 04
Co-Founder notifies of intention to sell stock Peter Weinberg intends to sell 141k shares in the next 90 days after lodging an Intent To Sell Form on the 3rd of February. If the sale is conducted around the recent share price of US$25.82, it would amount to US$3.6m. Since March 2024, Peter's direct individual holding has decreased from 990.03k shares to 763.07k. Company insiders have collectively sold US$49m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Jan 24
Perella Weinberg Partners to Report Q4, 2024 Results on Feb 07, 2025 Perella Weinberg Partners announced that they will report Q4, 2024 results Pre-Market on Feb 07, 2025 Recent Insider Transactions Derivative • Jan 03
Co-Founder notifies of intention to sell stock Peter Weinberg intends to sell 141k shares in the next 90 days after lodging an Intent To Sell Form on the 2nd of January. If the sale is conducted around the recent share price of US$23.84, it would amount to US$3.4m. Since March 2024, Peter's direct individual holding has decreased from 990.03k shares to 877.86k. Company insiders have collectively sold US$49m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Dec 04
Co-Founder notifies of intention to sell stock Peter Weinberg intends to sell 141k shares in the next 90 days after lodging an Intent To Sell Form on the 3rd of December. If the sale is conducted around the recent share price of US$25.79, it would amount to US$3.6m. Since March 2024, Peter's direct individual holding has decreased from 990.03k shares to 967.18k. Company insiders have collectively sold US$49m more than they bought, via options and on-market transactions in the last 12 months. Upcoming Dividend • Nov 27
Upcoming dividend of US$0.07 per share Eligible shareholders must have bought the stock before 04 December 2024. Payment date: 18 December 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.1%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (1.8%). New Risk • Nov 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Significant insider selling over the past 3 months (US$18m sold). Recent Insider Transactions • Nov 17
Partner of London recently sold US$11m worth of stock On the 12th of November, Dietrich Becker sold around 443k shares on-market at roughly US$24.48 per share. This transaction amounted to 85% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Dietrich's only on-market trade for the last 12 months. New Risk • Nov 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Recent Insider Transactions Derivative • Nov 13
CEO, Partner of New York & Director notifies of intention to sell stock Andrew Bednar intends to sell 301k shares in the next 90 days after lodging an Intent To Sell Form on the 12th of November. If the sale is conducted around the recent share price of US$24.48, it would amount to US$7.4m. For the year to December 2020, Andrew's total compensation was 4% salary and 96% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Andrew's direct individual holding has increased from 108.59k shares to 479.63k. Company insiders have collectively sold US$30m more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Nov 11
Third quarter dividend of US$0.07 announced Dividend of US$0.07 is the same as last year. Ex-date: 4th December 2024 Payment date: 18th December 2024 Dividend yield will be 1.1%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (57% cash payout ratio). The dividend has not increased over the past 3 years but payments have been stable during that time. Reported Earnings • Nov 10
Third quarter 2024 earnings released: EPS: US$0.29 (vs US$0.048 loss in 3Q 2023) Third quarter 2024 results: EPS: US$0.29 (up from US$0.048 loss in 3Q 2023). Revenue: US$278.2m (up 100% from 3Q 2023). Net income: US$16.4m (up US$18.4m from 3Q 2023). Profit margin: 5.9% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 130 percentage points per year, which is a significant difference in performance. Announcement • Nov 08
Perella Weinberg Partners Declares Quarterly Dividend, Payable on December 18, 2024 The Board of Directors of Perella Weinberg Partners has declared a quarterly dividend of $0.07 per share of Class A common stock. The dividend will be paid on December 18, 2024 to Class A common stockholders of record on December 4, 2024. Recent Insider Transactions Derivative • Nov 06
CEO, Partner of New York & Director exercised options and sold US$985k worth of stock On the 31st of October, Andrew Bednar exercised options to acquire 49k shares at no cost and sold these for an average price of US$20.23 per share. This trade did not impact their existing holding. For the year to December 2020, Andrew's total compensation was 4% salary and 96% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Andrew's direct individual holding has increased from 108.59k shares to 432.92k. Company insiders have collectively sold US$30m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Nov 05
Perella Weinberg Partners Appoints Michael Masterson as Partner in the Advisory Business Perella Weinberg Partners announced that Michael Masterson has joined the Firm as a Partner in the Advisory Business. Based in New York, Mr. Masterson will join the Firm’s Industrials practice and provide strategic advice to clients globally across the transportation, leasing, and logistics sector. Mr. Masterson joins the company from Greenhill & Co., where he served as a Managing Director and Head of Transportation Corporate Advisory and was responsible for global coverage across all transportation and leasing companies. Prior to that role, Mr. Masterson served as Co-Head of Transportation and Infrastructure and the Global Head of Aviation at Deutsche Bank. Mr. Masterson holds an MA in Philosophy from NYU and a BA from Williams College. Announcement • Oct 25
Perella Weinberg Partners to Report Q3, 2024 Results on Nov 08, 2024 Perella Weinberg Partners announced that they will report Q3, 2024 results Pre-Market on Nov 08, 2024 Price Target Changed • Oct 10
Price target increased by 8.5% to US$22.25 Up from US$20.50, the current price target is an average from 4 analysts. New target price is 11% above last closing price of US$20.11. Stock is up 106% over the past year. The company posted a net loss per share of US$0.40 last year. Recent Insider Transactions Derivative • Oct 04
CEO, Partner of New York & Director exercised options and sold US$478k worth of stock On the 30th of September, Andrew Bednar exercised options to acquire 25k shares at no cost and sold these for an average price of US$19.31 per share. This trade did not impact their existing holding. For the year to December 2020, Andrew's total compensation was 4% salary and 96% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Andrew's direct individual holding has increased from 108.59k shares to 409.17k. Company insiders have collectively sold US$28m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Sep 19
Perella Weinberg Partners Appoints Susan Roddy as Partner in the Advisory Business Perella Weinberg Partners announced that Susan Roddy has joined the Firm as a Partner in the Advisory Business. Based in New York, Ms. Roddy will serve as Co-Head of the Firm’s Consumer & Retail practice, providing strategic advice to clients globally in the consumer health, wellness, beauty, and personal care sectors. Ms. Roddy joins Perella Weinberg after over a decade at Houlihan Lokey, where she served as a Managing Director and led the Consumer Health and Personal Care practice. Prior to joining Houlihan Lokey, she worked in Corporate Strategy and Development at PepsiCo, where she supported the Company’s M&A and strategic initiatives in Europe. Ms. Roddy holds an MBA from the University of Virginia Darden School of Business and a B.S. in Accounting from Bucknell University. Recent Insider Transactions Derivative • Sep 06
Co-Founder exercised options and sold US$8.4m worth of stock On the 3rd of September, Peter Weinberg exercised options to acquire 431k shares at no cost and sold these for an average price of US$19.55 per share. This trade did not impact their existing holding. Since December 2023, Peter's direct individual holding has increased from 903.67k shares to 990.03k. Company insiders have collectively sold US$27m more than they bought, via options and on-market transactions in the last 12 months. Upcoming Dividend • Aug 29
Upcoming dividend of US$0.07 per share Eligible shareholders must have bought the stock before 05 September 2024. Payment date: 16 September 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.4%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (2.2%). Declared Dividend • Aug 07
Second quarter dividend of US$0.07 announced Dividend of US$0.07 is the same as last year. Ex-date: 5th September 2024 Payment date: 16th September 2024 Dividend yield will be 1.7%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (57% cash payout ratio). The dividend has not increased over the past 3 years but payments have been stable during that time. Price Target Changed • Aug 05
Price target increased by 7.9% to US$20.38 Up from US$18.88, the current price target is an average from 4 analysts. New target price is 18% above last closing price of US$17.25. Stock is up 54% over the past year. The company posted a net loss per share of US$0.40 last year. Reported Earnings • Aug 04
Second quarter 2024 earnings released: US$1.21 loss per share (vs US$0.008 profit in 2Q 2023) Second quarter 2024 results: US$1.21 loss per share (down from US$0.008 profit in 2Q 2023). Revenue: US$272.0m (up 64% from 2Q 2023). Net loss: US$66.0m (down US$66.4m from profit in 2Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Capital Markets industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance. Announcement • Aug 02
Perella Weinberg Partners Declares Quarterly Dividend, Payable on September 16, 2024 Perella Weinberg Partners declared a quarterly dividend of $0.07per share of Class A common stock. The dividend will be paid on September 16, 2024 to Class A common stockholders of record on September 5, 2024.