Raymond James Financial Inc. bought a new stake in Perella Weinberg Partners (NASDAQ:PWP - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 775,710 shares of the company's stock, valued at approximately $18,493,000. Raymond James Financial Inc. owned about 0.88% of Perella Weinberg Partners as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Aigen Investment Management LP acquired a new position in shares of Perella Weinberg Partners in the fourth quarter valued at $311,000. Charles Schwab Investment Management Inc. grew its stake in Perella Weinberg Partners by 5.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 457,759 shares of the company's stock valued at $10,913,000 after buying an additional 23,754 shares during the last quarter. US Bancorp DE lifted its position in Perella Weinberg Partners by 4.4% during the fourth quarter. US Bancorp DE now owns 17,602 shares of the company's stock worth $420,000 after acquiring an additional 746 shares during the last quarter. Versor Investments LP bought a new stake in shares of Perella Weinberg Partners during the fourth quarter worth approximately $384,000. Finally, Bank of New York Mellon Corp grew its position in shares of Perella Weinberg Partners by 47.6% in the fourth quarter. Bank of New York Mellon Corp now owns 190,553 shares of the company's stock valued at $4,543,000 after purchasing an additional 61,428 shares during the last quarter. Institutional investors own 41.07% of the company's stock.
Perella Weinberg Partners Stock Up 0.7 %
Shares of NASDAQ:PWP traded up $0.13 during midday trading on Friday, hitting $19.65. The stock had a trading volume of 1,198,755 shares, compared to its average volume of 532,917. The company's 50-day moving average price is $23.16 and its 200-day moving average price is $22.58. The company has a market capitalization of $1.71 billion, a P/E ratio of -12.44 and a beta of 1.61. 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 posted its 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 return on equity of 72.27% and a negative net margin of 7.37%.
Perella Weinberg Partners Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Tuesday, February 18th. Perella Weinberg Partners's dividend payout ratio is currently -17.72%.
Analyst Ratings Changes
Several brokerages have recently commented on PWP. Keefe, Bruyette & Woods raised their target price on shares of Perella Weinberg Partners from $27.00 to $29.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. The Goldman Sachs Group dropped their price objective on Perella Weinberg Partners from $23.00 to $20.00 and set a "sell" rating for the company in a report on Friday, March 14th.
Check Out Our Latest Research Report on PWP
About Perella Weinberg Partners
(
Free Report)
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.
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