Trexquant Investment LP increased its holdings in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 661.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 143,350 shares of the company's stock after acquiring an additional 124,526 shares during the period. Trexquant Investment LP owned approximately 0.16% of Perella Weinberg Partners worth $3,417,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of PWP. JPMorgan Chase & Co. increased its holdings in shares of Perella Weinberg Partners by 49.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 435,922 shares of the company's stock valued at $8,418,000 after purchasing an additional 144,222 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in 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 worth $8,381,000 after buying an additional 288,186 shares during the period. Geode Capital Management LLC increased its holdings in Perella Weinberg Partners by 2.8% in the third quarter. Geode Capital Management LLC now owns 1,257,620 shares of the company's stock valued at $24,289,000 after buying an additional 34,301 shares in the last quarter. Kings Path Partners LLC acquired a new stake in shares of Perella Weinberg Partners during the 4th quarter valued at approximately $535,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Perella Weinberg Partners by 47.6% during the 4th quarter. Bank of New York Mellon Corp now owns 190,553 shares of the company's stock worth $4,543,000 after acquiring an additional 61,428 shares in the last quarter. Hedge funds and other institutional investors own 41.07% of the company's stock.
Analyst Upgrades and Downgrades
PWP has been the subject of several research analyst reports. The Goldman Sachs Group dropped their price objective on Perella Weinberg Partners from $20.00 to $18.00 and set a "sell" rating for the company in a research note on Wednesday, April 2nd. JMP Securities dropped their price target on Perella Weinberg Partners from $33.00 to $29.00 and set a "market outperform" rating for the company in a research report on Tuesday. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Perella Weinberg Partners from $27.00 to $29.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th.
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Perella Weinberg Partners Price Performance
NASDAQ:PWP traded down $0.42 on Friday, reaching $15.45. The stock had a trading volume of 539,224 shares, compared to its average volume of 577,708. Perella Weinberg Partners has a 12-month low of $11.68 and a 12-month high of $27.03. The company has a market cap of $1.34 billion, a price-to-earnings ratio of -9.78 and a beta of 1.68. The firm's fifty day moving average is $20.53 and its two-hundred day moving average is $22.46.
Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last announced 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend was Tuesday, February 18th. Perella Weinberg Partners's dividend payout ratio is currently -17.72%.
Perella Weinberg Partners Company Profile
(
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.
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