Fmr LLC Purchases 301,587 Shares of Perella Weinberg Partners (NASDAQ:PWP)

FMR LLC grew its position in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 3.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,181,941 shares of the company's stock after acquiring an additional 301,587 shares during the quarter. FMR LLC owned about 9.28% of Perella Weinberg Partners worth $195,057,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of PWP. Quadrant Capital Group LLC lifted its stake in Perella Weinberg Partners by 43.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,540 shares of the company's stock worth $37,000 after acquiring an additional 470 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in Perella Weinberg Partners in the 4th quarter valued at $64,000. Meeder Asset Management Inc. acquired a new position in shares of Perella Weinberg Partners during the 4th quarter worth about $179,000. Y Intercept Hong Kong Ltd acquired a new position in Perella Weinberg Partners during the 3rd quarter valued at $214,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Perella Weinberg Partners in the fourth quarter valued at about $248,000. Institutional investors own 41.07% of the company's stock.

Perella Weinberg Partners Stock Performance

Perella Weinberg Partners stock traded up $0.16 during midday trading on Friday, reaching $15.80. 786,965 shares of the company's stock were exchanged, compared to its average volume of 585,018. Perella Weinberg Partners has a 52 week low of $11.68 and a 52 week high of $27.03. The stock's 50-day simple moving average is $19.78 and its 200 day simple moving average is $22.35. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of -10.00 and a beta of 1.68.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last posted its quarterly earnings data 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 business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.77%. Perella Weinberg Partners's dividend payout ratio (DPR) is presently -17.72%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on PWP shares. JMP Securities cut their price target on shares of Perella Weinberg Partners from $33.00 to $29.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods increased their price target on shares of Perella Weinberg Partners from $27.00 to $29.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Finally, The Goldman Sachs Group dropped their price objective on Perella Weinberg Partners from $20.00 to $18.00 and set a "sell" rating for the company in a report on Wednesday, April 2nd.

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.