Raymond James Financial Inc. Buys Shares of 775,710 Perella Weinberg Partners (NASDAQ:PWP)

Raymond James Financial Inc. purchased a new position in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 775,710 shares of the company's stock, valued at approximately $18,493,000. Raymond James Financial Inc. owned approximately 0.88% of Perella Weinberg Partners as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PWP. FMR LLC increased its position in shares of Perella Weinberg Partners by 3.8% during the 4th quarter. FMR LLC now owns 8,181,941 shares of the company's stock worth $195,057,000 after purchasing an additional 301,587 shares during the last quarter. Vanguard Group Inc. increased its holdings in Perella Weinberg Partners by 9.0% during the fourth quarter. Vanguard Group Inc. now owns 3,163,844 shares of the company's stock worth $75,426,000 after buying an additional 260,319 shares during the last quarter. State Street Corp raised its position in Perella Weinberg Partners by 4.5% during the third quarter. State Street Corp now owns 1,379,418 shares of the company's stock worth $26,637,000 after acquiring an additional 59,989 shares in the last quarter. Wellington Management Group LLP lifted its stake in Perella Weinberg Partners by 13.7% in the fourth quarter. Wellington Management Group LLP now owns 1,316,562 shares of the company's stock valued at $31,387,000 after acquiring an additional 158,957 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Perella Weinberg Partners by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 1,281,969 shares of the company's stock valued at $30,569,000 after acquiring an additional 24,349 shares during the period. 41.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Perella Weinberg Partners Stock Performance

NASDAQ:PWP traded up $0.40 during mid-day trading on Thursday, hitting $16.91. 283,708 shares of the stock were exchanged, compared to its average volume of 799,644. The firm's 50-day simple moving average is $19.20 and its 200 day simple moving average is $22.24. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of -10.70 and a beta of 1.68. Perella Weinberg Partners has a fifty-two week low of $11.68 and a fifty-two week high of $27.03.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last announced its earnings results on Friday, February 7th. The company reported $0.26 earnings per share (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 firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.07 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.28 annualized dividend and a dividend yield of 1.66%. Perella Weinberg Partners's dividend payout ratio is presently -17.72%.

Perella Weinberg Partners Company 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.