26,997 Shares in Perella Weinberg Partners (NASDAQ:PWP) Bought by XTX Topco Ltd

XTX Topco Ltd acquired a new stake in Perella Weinberg Partners (NASDAQ:PWP) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 26,997 shares of the company’s stock, valued at approximately $644,000.

A number of other large investors have also modified their holdings of the company. Quadrant Capital Group LLC raised its position in Perella Weinberg Partners by 43.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,540 shares of the company’s stock worth $37,000 after acquiring an additional 470 shares during the period. Venturi Wealth Management LLC purchased a new stake in shares of Perella Weinberg Partners during the fourth quarter worth about $64,000. Meeder Asset Management Inc. acquired a new position in shares of Perella Weinberg Partners during the 4th quarter worth about $179,000. KLP Kapitalforvaltning AS purchased a new position in Perella Weinberg Partners in the 4th quarter valued at about $248,000. Finally, Aigen Investment Management LP acquired a new stake in Perella Weinberg Partners in the 4th quarter worth about $311,000. Institutional investors and hedge funds own 41.07% of the company’s stock.

Analysts Set New Price Targets

PWP has been the subject of a number of research analyst reports. The Goldman Sachs Group reduced their target price on Perella Weinberg Partners from $20.00 to $18.00 and set a “sell” rating for the company in a report on Wednesday, April 2nd. JMP Securities decreased their price objective on Perella Weinberg Partners from $33.00 to $29.00 and set a “market outperform” rating on the stock in a report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods upped their target price 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 Price Performance

Shares of Perella Weinberg Partners stock opened at $15.80 on Friday. The stock’s 50 day simple moving average is $19.63 and its 200-day simple moving average is $22.32. The stock has a market cap of $1.37 billion, a P/E ratio of -10.00 and a beta of 1.68. Perella Weinberg Partners has a 1-year low of $11.68 and a 1-year high of $27.03.

Perella Weinberg Partners (NASDAQ:PWP) last issued 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 net margin of 7.37% and a negative return on equity of 72.27%.

Perella Weinberg Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend was Tuesday, February 18th. Perella Weinberg Partners’s dividend payout ratio (DPR) is presently -17.72%.

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.