Perella Weinberg Partners (NASDAQ:PWP) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its position in shares of Perella Weinberg Partners (NASDAQ:PWP) by 29.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 661,464 shares of the company’s stock after acquiring an additional 149,234 shares during the period. Russell Investments Group Ltd.’s holdings in Perella Weinberg Partners were worth $15,769,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of PWP. US Bancorp DE increased its stake 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 worth $420,000 after purchasing an additional 746 shares in the last quarter. Rhumbline Advisers increased its position in Perella Weinberg Partners by 1.2% during the fourth quarter. Rhumbline Advisers now owns 70,861 shares of the company’s stock worth $1,689,000 after buying an additional 854 shares in the last quarter. Swiss National Bank increased its position in Perella Weinberg Partners by 0.9% during the fourth quarter. Swiss National Bank now owns 100,000 shares of the company’s stock worth $2,384,000 after buying an additional 900 shares in the last quarter. Barclays PLC raised its holdings in shares of Perella Weinberg Partners by 0.8% in the third quarter. Barclays PLC now owns 186,387 shares of the company’s stock worth $3,600,000 after acquiring an additional 1,517 shares during the last quarter. Finally, Venturi Wealth Management LLC purchased a new stake in shares of Perella Weinberg Partners in the fourth quarter valued at $64,000. 41.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PWP has been the subject of a number of recent research reports. JMP Securities dropped their price objective 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. Keefe, Bruyette & Woods boosted their price objective on shares of Perella Weinberg Partners from $27.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Finally, The Goldman Sachs Group decreased their target price on shares of Perella Weinberg Partners from $20.00 to $18.00 and set a “sell” rating on the stock in a research report on Wednesday, April 2nd.

Perella Weinberg Partners Trading Down 9.5 %

Shares of NASDAQ:PWP opened at $15.87 on Friday. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of -10.04 and a beta of 1.68. The stock’s 50-day moving average price is $20.74 and its two-hundred day moving average price is $22.49. Perella Weinberg Partners has a 12-month low of $11.68 and a 12-month high of $27.03.

Perella Weinberg Partners (NASDAQ:PWP) last released its earnings results 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 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 paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.28 annualized dividend and a dividend yield of 1.76%. Perella Weinberg Partners’s dividend payout ratio is presently -17.72%.

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.