Westwood Holdings Group Inc. Buys Shares of 1,442,796 Perella Weinberg Partners $PWP

Westwood Holdings Group Inc. acquired a new stake in Perella Weinberg Partners (NASDAQ:PWP) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,442,796 shares of the company’s stock, valued at approximately $28,019,000.

A number of other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Perella Weinberg Partners by 0.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 461,673 shares of the company’s stock valued at $8,495,000 after acquiring an additional 3,914 shares in the last quarter. Deutsche Bank AG raised its stake in Perella Weinberg Partners by 235.5% in the first quarter. Deutsche Bank AG now owns 151,595 shares of the company’s stock valued at $2,789,000 after purchasing an additional 106,416 shares in the last quarter. Swiss National Bank lifted its position in Perella Weinberg Partners by 2.6% during the first quarter. Swiss National Bank now owns 102,600 shares of the company’s stock valued at $1,888,000 after purchasing an additional 2,600 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Perella Weinberg Partners during the 1st quarter valued at $2,218,000. Finally, Raymond James Financial Inc. lifted its holdings in shares of Perella Weinberg Partners by 13.4% during the 1st quarter. Raymond James Financial Inc. now owns 879,745 shares of the company’s stock worth $16,187,000 after acquiring an additional 104,035 shares during the last quarter. 41.07% of the stock is currently owned by institutional investors.

Perella Weinberg Partners Stock Performance

Shares of Perella Weinberg Partners stock opened at $17.81 on Monday. The company has a 50-day simple moving average of $18.77 and a two-hundred day simple moving average of $19.96. Perella Weinberg Partners has a 52-week low of $14.12 and a 52-week high of $27.03. The stock has a market capitalization of $1.58 billion, a PE ratio of 26.99 and a beta of 1.63.

Perella Weinberg Partners (NASDAQ:PWP) last issued its earnings results on Friday, November 7th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.01). The company had revenue of $164.65 million during the quarter, compared to analysts’ expectations of $179.83 million. Perella Weinberg Partners had a negative return on equity of 21.55% and a net margin of 6.15%.

Perella Weinberg Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, November 17th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.28 dividend on an annualized basis and a yield of 1.6%. Perella Weinberg Partners’s dividend payout ratio (DPR) is currently 42.42%.

Analyst Ratings Changes

PWP has been the topic of several recent research reports. Wall Street Zen lowered Perella Weinberg Partners from a “hold” rating to a “sell” rating in a research report on Sunday. Keefe, Bruyette & Woods reduced their price target on shares of Perella Weinberg Partners from $21.00 to $19.00 and set a “market perform” rating on the stock in a research report on Monday, November 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Perella Weinberg Partners in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $22.00.

Perella Weinberg Partners Company 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.