Canada Pension Plan Investment Board Buys Shares of 49,200 Perella Weinberg Partners (NASDAQ:PWP)

Canada Pension Plan Investment Board bought a new position in Perella Weinberg Partners (NASDAQ:PWP - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 49,200 shares of the company's stock, valued at approximately $1,173,000. Canada Pension Plan Investment Board owned 0.06% of Perella Weinberg Partners as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in PWP. Raymond James Financial Inc. purchased a new stake in Perella Weinberg Partners in the 4th quarter worth $18,493,000. Channing Capital Management LLC bought a new position in shares of Perella Weinberg Partners in the fourth quarter worth about $16,207,000. Franklin Resources Inc. purchased a new stake in shares of Perella Weinberg Partners during the fourth quarter worth about $13,586,000. Walleye Capital LLC bought a new stake in Perella Weinberg Partners during the 4th quarter valued at approximately $10,307,000. Finally, Cannell & Spears LLC purchased a new position in Perella Weinberg Partners in the 4th quarter worth approximately $8,881,000. 41.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. JMP Securities reduced their price objective on shares of Perella Weinberg Partners from $33.00 to $29.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. The Goldman Sachs Group reduced their price target on shares of Perella Weinberg Partners from $20.00 to $18.00 and set a "sell" rating on the stock in a report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Perella Weinberg Partners from $27.00 to $29.00 and gave the company an "outperform" rating in a report on Monday, February 10th.

Perella Weinberg Partners Stock Performance

PWP stock traded up $0.06 during trading on Friday, hitting $16.89. 850,233 shares of the company's stock traded hands, compared to its average volume of 593,724. Perella Weinberg Partners has a 52 week low of $11.68 and a 52 week high of $27.03. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of -10.69 and a beta of 1.68. The business has a fifty day simple moving average of $18.92 and a 200 day simple moving average of $22.23.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.28 by ($0.02). Perella Weinberg Partners had a negative net margin of 7.37% and a negative return on equity of 72.27%.

Perella Weinberg Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date was Tuesday, February 18th. Perella Weinberg Partners's dividend payout ratio (DPR) is -17.72%.

Perella Weinberg Partners Profile

Perella Weinberg Partners, an independent investment banking company, provides strategic and financial advice services in the United States and internationally. The company offers advisory services related to strategic and financial decisions, mergers and acquisition execution, shareholder and defense advisory, and financing and capital solutions advice with resources focused on restructuring, liability management, and capital markets advisory, as well as underwriting and research services primarily for the energy and related industries.