Boston Partners Decreases Stock Holdings in Perella Weinberg Partners (NASDAQ:PWP)

Boston Partners lowered its position in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 32.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 336,313 shares of the company's stock after selling 163,707 shares during the period. Boston Partners owned about 0.38% of Perella Weinberg Partners worth $8,023,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PWP. Intech Investment Management LLC bought a new stake in shares of Perella Weinberg Partners in the 3rd quarter worth approximately $197,000. Charles Schwab Investment Management Inc. raised its position in Perella Weinberg Partners by 197.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 434,005 shares of the company's stock worth $8,381,000 after purchasing an additional 288,186 shares during the period. Eagle Asset Management Inc. lifted its stake in Perella Weinberg Partners by 32.1% in the third quarter. Eagle Asset Management Inc. now owns 756,540 shares of the company's stock worth $14,609,000 after purchasing an additional 183,905 shares during the last quarter. Algert Global LLC boosted its position in Perella Weinberg Partners by 7.2% during the third quarter. Algert Global LLC now owns 158,646 shares of the company's stock valued at $3,063,000 after buying an additional 10,621 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Perella Weinberg Partners during the third quarter valued at about $389,000. 41.07% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

PWP has been the topic of a number of analyst reports. The Goldman Sachs Group decreased their price target on Perella Weinberg Partners from $23.00 to $20.00 and set a "sell" rating on the stock in a research note on Friday, March 14th. Keefe, Bruyette & Woods lifted their price objective on Perella Weinberg Partners from $27.00 to $29.00 and gave the company an "outperform" rating in a research report on Monday, February 10th.

Perella Weinberg Partners Stock Down 0.1 %

Shares of NASDAQ PWP traded down $0.02 during trading on Tuesday, reaching $20.56. The company had a trading volume of 530,404 shares, compared to its average volume of 535,036. The business's 50-day moving average is $23.07 and its 200 day moving average is $22.65. The stock has a market cap of $1.78 billion, a PE ratio of -13.01 and a beta of 1.61. Perella Weinberg Partners has a 12-month low of $11.68 and a 12-month high of $27.03.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last released its quarterly earnings data on Friday, February 7th. The company reported $0.26 earnings per share 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 company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were issued a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.28 dividend on an annualized basis and a yield of 1.36%. Perella Weinberg Partners's payout ratio is currently -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.