Perella Weinberg Partners (NASDAQ:PWP) Stock Price Down 4.8% – Time to Sell?

Perella Weinberg Partners (NASDAQ:PWP)’s share price traded down 4.8% during trading on Thursday . The stock traded as low as $19.09 and last traded at $18.89. 115,801 shares were traded during trading, a decline of 78% from the average session volume of 536,075 shares. The stock had previously closed at $19.85.

Wall Street Analyst Weigh In

PWP has been the subject of a number of recent research reports. The Goldman Sachs Group dropped their target price on Perella Weinberg Partners from $23.00 to $20.00 and set a “sell” rating for the company in a research report on Friday, March 14th. 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 report on Monday, February 10th.

Perella Weinberg Partners Stock Down 5.0 %

The company has a fifty day moving average price of $22.92 and a 200 day moving average price of $22.65. The stock has a market cap of $1.64 billion, a PE ratio of -11.95 and a beta of 1.61.

Perella Weinberg Partners (NASDAQ:PWP) last announced its quarterly earnings results on Friday, February 7th. The company reported $0.26 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were issued a dividend of $0.07 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.28 dividend on an annualized basis and a yield of 1.49%. Perella Weinberg Partners’s dividend payout ratio is currently -17.72%.

Institutional Investors Weigh In On Perella Weinberg Partners

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of Perella Weinberg Partners by 49.4% during the third quarter. JPMorgan Chase & Co. now owns 435,922 shares of the company’s stock worth $8,418,000 after purchasing an additional 144,222 shares during the period. Charles Schwab Investment Management Inc. raised its position in 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 purchasing an additional 288,186 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Perella Weinberg Partners by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,257,620 shares of the company’s stock worth $24,289,000 after buying an additional 34,301 shares during the period. Kings Path Partners LLC bought a new stake in shares of Perella Weinberg Partners in the 4th quarter worth approximately $535,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Perella Weinberg Partners during the third quarter valued at approximately $389,000. Institutional investors own 41.07% of the company’s stock.

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.