Perella Weinberg Partners (NASDAQ:PWP) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group lowered its position in Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 32.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,172,740 shares of the company's stock after selling 567,493 shares during the quarter. Schroder Investment Management Group owned 1.33% of Perella Weinberg Partners worth $27,747,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new position in Perella Weinberg Partners during the third quarter valued at approximately $197,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Perella Weinberg Partners by 197.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 434,005 shares of the company's stock valued at $8,381,000 after acquiring an additional 288,186 shares in the last quarter. Verition Fund Management LLC purchased a new stake in Perella Weinberg Partners during the 3rd quarter worth $333,000. PDT Partners LLC acquired a new stake in Perella Weinberg Partners in the 3rd quarter valued at $210,000. Finally, Jacobs Levy Equity Management Inc. raised its position in Perella Weinberg Partners by 175.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 570,719 shares of the company's stock valued at $11,021,000 after purchasing an additional 363,331 shares during the period. Hedge funds and other institutional investors own 41.07% of the company's stock.

Analyst Ratings Changes

PWP has been the subject of several analyst reports. The Goldman Sachs Group decreased their target price on Perella Weinberg Partners from $20.00 to $18.00 and set a "sell" rating for the company in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods upped their price target on Perella Weinberg Partners from $27.00 to $29.00 and gave the stock an "outperform" rating in a report on Monday, February 10th.

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Perella Weinberg Partners Trading Up 1.4 %

PWP stock traded up $0.22 during trading on Monday, reaching $16.11. The stock had a trading volume of 1,583,928 shares, compared to its average volume of 566,446. The firm has a fifty day moving average price of $21.67 and a 200 day moving average price of $22.65. The company has a market capitalization of $1.40 billion, a P/E ratio of -10.20 and a beta of 1.68. Perella Weinberg Partners has a 1-year low of $11.68 and a 1-year high of $27.03.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last released 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 return on equity of 72.27% and a negative net margin of 7.37%.

Perella Weinberg Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was Tuesday, February 18th. Perella Weinberg Partners's payout ratio is currently -17.72%.

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.