Perella Weinberg Partners (NASDAQ:PWP) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP grew its holdings in Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 13.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,316,562 shares of the company's stock after buying an additional 158,957 shares during the period. Wellington Management Group LLP owned 1.49% of Perella Weinberg Partners worth $31,387,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Perella Weinberg Partners by 9.0% in the 4th quarter. Vanguard Group Inc. now owns 3,163,844 shares of the company's stock worth $75,426,000 after purchasing an additional 260,319 shares in the last quarter. State Street Corp increased its holdings in shares of Perella Weinberg Partners by 4.5% in the third quarter. State Street Corp now owns 1,379,418 shares of the company's stock valued at $26,637,000 after purchasing an additional 59,989 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 purchasing an additional 34,301 shares during the last quarter. William Blair Investment Management LLC lifted its position in Perella Weinberg Partners by 2.5% during the fourth quarter. William Blair Investment Management LLC now owns 1,236,570 shares of the company's stock worth $29,480,000 after buying an additional 30,441 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Perella Weinberg Partners during the fourth quarter worth $18,493,000. 41.07% of the stock is currently owned by institutional investors and hedge funds.

Perella Weinberg Partners Stock Down 2.6 %

NASDAQ:PWP traded down $0.42 on Friday, reaching $15.45. The company's 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 stock has a 50 day moving average price of $20.53 and a 200 day moving average price of $22.46. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of -9.78 and a beta of 1.68.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last issued its quarterly earnings data 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 72.27% and a negative net margin of 7.37%.

Perella Weinberg Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were issued a $0.07 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.28 annualized dividend and a dividend yield of 1.81%. Perella Weinberg Partners's dividend payout ratio is currently -17.72%.

Wall Street Analyst Weigh In

Several research firms have recently commented on PWP. The Goldman Sachs Group reduced their price target on Perella Weinberg Partners from $20.00 to $18.00 and set a "sell" rating on the stock in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods lifted their target price on shares of Perella Weinberg Partners from $27.00 to $29.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Finally, JMP Securities decreased their target price on shares of Perella Weinberg Partners from $33.00 to $29.00 and set a "market outperform" rating on the stock in a report on Tuesday.

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.