First Eagle Investment Management LLC reduced its position in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 10.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 479,278 shares of the company's stock after selling 54,800 shares during the quarter. First Eagle Investment Management LLC owned 0.54% of Perella Weinberg Partners worth $11,426,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of PWP. Royce & Associates LP boosted its holdings in shares of Perella Weinberg Partners by 14.3% during the 3rd quarter. Royce & Associates LP now owns 1,179,111 shares of the company's stock valued at $22,769,000 after acquiring an additional 147,424 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of Perella Weinberg Partners during the 3rd quarter valued at about $197,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Perella Weinberg Partners by 197.6% during the 3rd 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 during the last quarter. Eagle Asset Management Inc. boosted its holdings in shares of Perella Weinberg Partners by 32.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 756,540 shares of the company's stock valued at $14,609,000 after acquiring an additional 183,905 shares during the last quarter. Finally, Algert Global LLC boosted its holdings in shares of Perella Weinberg Partners by 7.2% during the 3rd quarter. Algert Global LLC now owns 158,646 shares of the company's stock valued at $3,063,000 after acquiring an additional 10,621 shares during the last quarter. 41.07% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group dropped their price objective on shares of Perella Weinberg Partners from $23.00 to $20.00 and set a "sell" rating on the stock in a report on Friday, March 14th. Keefe, Bruyette & Woods raised their price objective 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.
Check Out Our Latest Report on PWP
Perella Weinberg Partners Price Performance
Shares of PWP traded up $0.48 on Wednesday, reaching $19.61. The company's stock had a trading volume of 648,291 shares, compared to its average volume of 527,988. The stock has a market capitalization of $1.70 billion, a P/E ratio of -12.41 and a beta of 1.61. The stock's 50 day simple moving average is $23.30 and its two-hundred day simple moving average is $22.62. 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 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 1.43%. The ex-dividend date of this dividend was Tuesday, February 18th. Perella Weinberg Partners's payout ratio is -17.72%.
Perella Weinberg Partners Profile
(
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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