ExodusPoint Capital Management LP Buys 367,869 Shares of Perella Weinberg Partners (NASDAQ:PWP)

ExodusPoint Capital Management LP lifted its stake in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 334.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 477,870 shares of the company's stock after purchasing an additional 367,869 shares during the quarter. ExodusPoint Capital Management LP owned about 0.54% of Perella Weinberg Partners worth $11,392,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PWP. Intech Investment Management LLC bought a new stake in Perella Weinberg Partners in the third quarter worth about $197,000. Charles Schwab Investment Management Inc. raised its position in Perella Weinberg Partners by 197.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 434,005 shares of the company's stock valued at $8,381,000 after acquiring an additional 288,186 shares in the last quarter. Verition Fund Management LLC acquired a new stake in shares of Perella Weinberg Partners in the 3rd quarter valued at $333,000. State Street Corp lifted its stake in shares of Perella Weinberg Partners by 4.5% in the third quarter. State Street Corp now owns 1,379,418 shares of the company's stock worth $26,637,000 after buying an additional 59,989 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Perella Weinberg Partners by 200.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,157,605 shares of the company's stock worth $22,353,000 after buying an additional 771,736 shares during the period. Institutional investors own 41.07% of the company's stock.

Perella Weinberg Partners Stock Down 9.3 %

Shares of NASDAQ:PWP traded down $1.63 during mid-day trading on Thursday, reaching $15.91. 284,781 shares of the stock were exchanged, compared to its average volume of 575,017. The stock's 50 day simple moving average is $20.92 and its 200-day simple moving average is $22.52. The company has a market cap of $1.38 billion, a P/E ratio of -10.08 and a beta of 1.68. 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 issued its quarterly earnings data 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 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 given a $0.07 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.28 annualized dividend and a yield of 1.76%. Perella Weinberg Partners's dividend payout ratio is presently -17.72%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on PWP shares. The Goldman Sachs Group cut their target price 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. Keefe, Bruyette & Woods raised their target price on Perella Weinberg Partners from $27.00 to $29.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Finally, JMP Securities reduced their target price on shares of Perella Weinberg Partners from $33.00 to $29.00 and set a "market outperform" rating on the stock in a research note on Tuesday.

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.