Geode Capital Management LLC Purchases 24,349 Shares of Perella Weinberg Partners (NASDAQ:PWP)

Geode Capital Management LLC lifted its position in Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,281,969 shares of the company's stock after acquiring an additional 24,349 shares during the quarter. Geode Capital Management LLC owned 1.45% of Perella Weinberg Partners worth $30,569,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Venturi Wealth Management LLC acquired a new position in shares of Perella Weinberg Partners during the fourth quarter worth approximately $64,000. Meeder Asset Management Inc. bought a new stake in Perella Weinberg Partners during the 4th quarter valued at $179,000. KLP Kapitalforvaltning AS acquired a new position in Perella Weinberg Partners during the 4th quarter worth $248,000. Y Intercept Hong Kong Ltd acquired a new position in Perella Weinberg Partners during the 3rd quarter worth $214,000. Finally, Aigen Investment Management LP bought a new position in shares of Perella Weinberg Partners in the fourth quarter worth $311,000. 41.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PWP shares. The Goldman Sachs Group lowered their price target on Perella Weinberg Partners from $20.00 to $18.00 and set a "sell" rating on the stock in a research report on Wednesday, April 2nd. JMP Securities dropped their price target on shares of Perella Weinberg Partners from $33.00 to $29.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of 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 Trading Up 1.0 %

PWP stock traded up $0.16 during mid-day trading on Friday, reaching $15.80. 786,965 shares of the stock traded hands, compared to its average volume of 587,879. Perella Weinberg Partners has a 52-week low of $11.68 and a 52-week high of $27.03. The stock's fifty day moving average is $19.63 and its 200-day moving average is $22.34. The company has a market cap of $1.37 billion, a P/E ratio of -10.00 and a beta of 1.68.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last issued its quarterly earnings results on Friday, February 7th. The company reported $0.26 EPS for the quarter, missing the consensus estimate 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 firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend 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 is -17.72%.

About Perella Weinberg Partners

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.