New York State Common Retirement Fund Buys 152,972 Shares of Perella Weinberg Partners (NASDAQ:PWP)

New York State Common Retirement Fund increased its stake in Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 952.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,027 shares of the company's stock after buying an additional 152,972 shares during the period. New York State Common Retirement Fund owned 0.19% of Perella Weinberg Partners worth $4,030,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of PWP. US Bancorp DE bought a new position in Perella Weinberg Partners in the third quarter worth about $325,000. Harbor Capital Advisors Inc. increased its stake in shares of Perella Weinberg Partners by 72.6% during the third quarter. Harbor Capital Advisors Inc. now owns 49,728 shares of the company's stock valued at $960,000 after purchasing an additional 20,923 shares in the last quarter. Royce & Associates LP increased its stake in shares of Perella Weinberg Partners by 14.3% during the third quarter. Royce & Associates LP now owns 1,179,111 shares of the company's stock valued at $22,769,000 after purchasing an additional 147,424 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of Perella Weinberg Partners during the third quarter valued at approximately $197,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of 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 purchasing an additional 288,186 shares in the last quarter. 41.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised their target price 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.

Perella Weinberg Partners Stock Down 3.8 %

Shares of NASDAQ PWP traded down $0.87 on Monday, reaching $22.24. 581,100 shares of the company's stock traded hands, compared to its average volume of 734,460. Perella Weinberg Partners has a 12 month low of $11.68 and a 12 month high of $27.03. The business's 50 day simple moving average is $24.19 and its two-hundred day simple moving average is $22.62. The company has a market cap of $1.96 billion, a price-to-earnings ratio of -14.08 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 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 18th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Tuesday, February 18th. Perella Weinberg Partners's dividend payout ratio (DPR) is currently -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.