Perella Weinberg Partners (NASDAQ:PWP) Shares Bought by State of Wyoming

State of Wyoming raised its stake in Perella Weinberg Partners (NASDAQ:PWP) by 180.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,855 shares of the company’s stock after purchasing an additional 5,697 shares during the quarter. State of Wyoming’s holdings in Perella Weinberg Partners were worth $211,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in PWP. Quadrant Capital Group LLC lifted its holdings in shares of Perella Weinberg Partners by 43.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,540 shares of the company’s stock valued at $37,000 after acquiring an additional 470 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Perella Weinberg Partners by 1.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,403 shares of the company’s stock valued at $701,000 after acquiring an additional 518 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Perella Weinberg Partners by 4.4% during the 4th quarter. US Bancorp DE now owns 17,602 shares of the company’s stock valued at $420,000 after acquiring an additional 746 shares in the last quarter. Ancora Advisors LLC lifted its holdings in shares of Perella Weinberg Partners by 0.4% during the 4th quarter. Ancora Advisors LLC now owns 203,446 shares of the company’s stock valued at $4,850,000 after acquiring an additional 830 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Perella Weinberg Partners by 1.2% during the 4th quarter. Rhumbline Advisers now owns 70,861 shares of the company’s stock valued at $1,689,000 after acquiring an additional 854 shares in the last quarter. Institutional investors and hedge funds own 41.07% of the company’s stock.

Wall Street Analyst Weigh In

PWP has been the topic of several recent research reports. The Goldman Sachs Group lifted their target price on shares of Perella Weinberg Partners from $16.00 to $18.00 and gave the company a “sell” rating in a report on Thursday, May 15th. Wall Street Zen downgraded shares of Perella Weinberg Partners from a “buy” rating to a “hold” rating in a research note on Saturday. JMP Securities dropped their price target on shares of Perella Weinberg Partners from $33.00 to $29.00 and set a “market outperform” rating on the stock in a research note on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Perella Weinberg Partners from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Monday, May 12th.

Perella Weinberg Partners Price Performance

Perella Weinberg Partners stock opened at $17.53 on Friday. Perella Weinberg Partners has a 12-month low of $13.82 and a 12-month high of $27.03. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of -11.09 and a beta of 1.69. The firm’s fifty day moving average price is $17.58 and its 200 day moving average price is $21.75.

Perella Weinberg Partners (NASDAQ:PWP) last released its quarterly earnings results on Friday, May 2nd. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.07. The firm had revenue of $211.83 million for the quarter, compared to the consensus estimate of $200.29 million. Perella Weinberg Partners had a negative net margin of 7.37% and a negative return on equity of 72.27%. During the same quarter in the previous year, the firm posted ($0.10) EPS.

Perella Weinberg Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Wednesday, May 14th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Wednesday, May 14th. Perella Weinberg Partners’s payout ratio is currently -65.12%.

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.