Bank of New York Mellon Corp increased its position in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 47.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 190,553 shares of the company's stock after purchasing an additional 61,428 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.22% of Perella Weinberg Partners worth $4,543,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in Perella Weinberg Partners by 200.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,157,605 shares of the company's stock worth $22,353,000 after buying an additional 771,736 shares during the period. Jacobs Levy Equity Management Inc. raised its position in Perella Weinberg Partners by 175.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 570,719 shares of the company's stock worth $11,021,000 after purchasing an additional 363,331 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Perella Weinberg Partners by 197.6% in 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 during the last quarter. Eagle Asset Management Inc. boosted its holdings in shares of Perella Weinberg Partners by 32.1% during the third quarter. Eagle Asset Management Inc. now owns 756,540 shares of the company's stock worth $14,609,000 after purchasing an additional 183,905 shares during the period. Finally, Wasatch Advisors LP increased its stake in shares of Perella Weinberg Partners by 13.3% during the third quarter. Wasatch Advisors LP now owns 1,483,429 shares of the company's stock valued at $28,645,000 after buying an additional 174,445 shares during the period. 41.07% of the stock is currently owned by institutional investors.
Perella Weinberg Partners Price Performance
Shares of NASDAQ:PWP traded up $0.14 during trading on Friday, hitting $19.66. The company had a trading volume of 473,395 shares, compared to its average volume of 532,917. Perella Weinberg Partners has a one year low of $11.68 and a one year high of $27.03. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of -12.44 and a beta of 1.61. The company has a fifty day simple moving average of $23.16 and a two-hundred day simple moving average of $22.58.
Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last released its quarterly earnings data on Friday, February 7th. The company reported $0.26 earnings per share (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 Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Tuesday, February 18th. Perella Weinberg Partners's dividend payout ratio is currently -17.72%.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the stock. The Goldman Sachs Group decreased their price target on shares of Perella Weinberg Partners from $23.00 to $20.00 and set a "sell" rating for the company in a research note on Friday, March 14th. Keefe, Bruyette & Woods boosted their price target on Perella Weinberg Partners from $27.00 to $29.00 and gave the company an "outperform" rating in a research note on Monday, February 10th.
View Our Latest Stock Report on PWP
About Perella Weinberg Partners
(
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.
Recommended Stories
Before you consider Perella Weinberg Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Perella Weinberg Partners wasn't on the list.
While Perella Weinberg Partners currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
