Kingsview Wealth Management LLC Takes Position in Perella Weinberg Partners (NASDAQ:PWP)

Kingsview Wealth Management LLC bought a new position in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 96,184 shares of the company's stock, valued at approximately $2,293,000. Kingsview Wealth Management LLC owned about 0.11% of Perella Weinberg Partners at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Intech Investment Management LLC purchased a new stake in shares of Perella Weinberg Partners in the 3rd quarter valued at $197,000. PDT Partners LLC purchased a new stake in shares of Perella Weinberg Partners in the 3rd quarter valued at $210,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Perella Weinberg Partners in the 3rd quarter valued at $214,000. US Bancorp DE purchased a new stake in shares of Perella Weinberg Partners in the 3rd quarter valued at $325,000. Finally, Verition Fund Management LLC purchased a new stake in shares of Perella Weinberg Partners in the 3rd quarter valued at $333,000. Hedge funds and other institutional investors own 41.07% of the company's stock.

Perella Weinberg Partners Stock Performance

NASDAQ PWP traded up $1.06 during mid-day trading on Friday, reaching $23.83. 583,380 shares of the stock were exchanged, compared to its average volume of 715,936. The business's 50 day moving average is $24.44 and its 200-day moving average is $22.15. Perella Weinberg Partners has a 1 year low of $11.68 and a 1 year high of $27.03. The company has a market capitalization of $2.10 billion, a P/E ratio of -10.05 and a beta of 1.59.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last announced its quarterly earnings results 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 295.65% and a negative net margin of 11.09%.

Perella Weinberg Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Tuesday, February 18th. Perella Weinberg Partners's dividend payout ratio is presently -11.81%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods upped their price objective on shares of Perella Weinberg Partners from $27.00 to $29.00 and gave the company an "outperform" rating in a report on Monday.

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.