Charles Schwab Investment Management Inc. Acquires 23,754 Shares of Perella Weinberg Partners (NASDAQ:PWP)

Charles Schwab Investment Management Inc. increased its position in Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 457,759 shares of the company's stock after purchasing an additional 23,754 shares during the period. Charles Schwab Investment Management Inc. owned 0.52% of Perella Weinberg Partners worth $10,913,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE raised its position in shares of Perella Weinberg Partners by 4.4% in the 4th quarter. US Bancorp DE now owns 17,602 shares of the company's stock worth $420,000 after purchasing an additional 746 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Perella Weinberg Partners by 1.2% in the fourth quarter. Rhumbline Advisers now owns 70,861 shares of the company's stock worth $1,689,000 after buying an additional 854 shares in the last quarter. Barclays PLC grew its holdings in shares of Perella Weinberg Partners by 0.8% during the third quarter. Barclays PLC now owns 186,387 shares of the company's stock valued at $3,600,000 after buying an additional 1,517 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of Perella Weinberg Partners during the fourth quarter valued at approximately $64,000. Finally, SG Americas Securities LLC increased its position in shares of Perella Weinberg Partners by 25.6% during the fourth quarter. SG Americas Securities LLC now owns 26,396 shares of the company's stock valued at $629,000 after acquiring an additional 5,374 shares in the last quarter. Institutional investors own 41.07% of the company's stock.

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Perella Weinberg Partners Stock Performance

Shares of NASDAQ PWP traded down $0.71 during midday trading on Wednesday, hitting $19.85. 572,890 shares of the stock traded hands, compared to its average volume of 536,261. The firm has a market capitalization of $1.72 billion, a P/E ratio of -12.56 and a beta of 1.61. The firm has a 50-day moving average of $23.02 and a two-hundred day moving average of $22.67. Perella Weinberg Partners has a one year low of $11.68 and a one year 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 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Tuesday, February 18th. Perella Weinberg Partners's payout ratio is -17.72%.

Analysts Set New Price Targets

PWP has been the topic of several recent analyst reports. Keefe, Bruyette & Woods increased their target price 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. The Goldman Sachs Group reduced 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.

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.