Pershing Square (NYSE:PS) Reaches New 12-Month High – Here’s Why

Posted by George Bondi on Oct 9th, 2026

Pershing Square Inc. (NYSE:PS – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $60.40 and last traded at $59.74, with a volume of 344853 shares trading hands. The stock had previously closed at $54.87.

Analyst Ratings Changes

A number of research firms have commented on PS. Citigroup downgraded shares of Pershing Square from a “buy” rating to a “neutral” rating and set a $45.00 price objective for the company. in a report on Wednesday, August 19th. JonesTrading lowered Pershing Square from a “buy” rating to a “hold” rating in a research report on Tuesday, September 29th. Weiss Ratings raised Pershing Square from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Tigress Financial lifted their price objective on Pershing Square from $39.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, September 3rd. Finally, Wall Street Zen raised Pershing Square from a “sell” rating to a “hold” rating in a research note on Saturday, October 3rd. One investment analyst has rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Pershing Square presently has an average rating of “Reduce” and an average target price of $42.56.

Get Our Latest Research Report on PS

Pershing Square Stock Down 7.0%

The firm has a 50-day simple moving average of $43.69. The stock has a market cap of $21.82 billion and a price-to-earnings ratio of 389.57.

Pershing Square (NYSE:PS – Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $68.03 million for the quarter. On average, equities analysts predict that Pershing Square Inc. will post 0.55 earnings per share for the current year.

Pershing Square Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Monday, October 12th will be paid a dividend of $0.1030 per share. This represents a $0.41 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, October 9th. This is a negative change from Pershing Square’s previous quarterly dividend of $0.1220. Pershing Square’s payout ratio is presently 350.00%.

Institutional Investors Weigh In On Pershing Square

A number of hedge funds have recently bought and sold shares of PS. Rivernorth Capital Management LLC purchased a new position in shares of Pershing Square in the 2nd quarter valued at about $14,787,000. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Pershing Square during the second quarter worth approximately $9,858,000. Equitec Proprietary Markets LLC acquired a new stake in Pershing Square in the second quarter valued at approximately $3,828,000. NewEdge Advisors LLC acquired a new stake in Pershing Square in the second quarter valued at approximately $1,702,000. Finally, Proficio Capital Partners LLC purchased a new position in Pershing Square in the second quarter worth approximately $1,459,000.

About Pershing Square

(Get Free Report)

Pershing Square USA, Ltd. is a closed-end investment company listed on the New York Stock Exchange under the symbol PS. The company is designed to provide investors with long-term capital appreciation through a concentrated portfolio of investments in publicly traded businesses.

The fund is managed by Pershing Square Capital Management, L.P., an investment management firm founded and led by William A. Ackman. Its investment approach generally emphasizes detailed fundamental research, activist engagement when appropriate, and ownership of a limited number of companies that the manager believes have durable business models, strong management teams, and long-term growth potential.

Pershing Square USA primarily focuses on publicly traded companies in the United States and other developed markets, with investment decisions centered on individual business fundamentals rather than broad market exposure.