Vanguard Group Inc. Decreases Stock Holdings in Perella Weinberg Partners $PWP

Vanguard Group Inc. lowered its holdings in Perella Weinberg Partners (NASDAQ:PWP) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,481,393 shares of the company’s stock after selling 52,611 shares during the period. Vanguard Group Inc. owned approximately 3.98% of Perella Weinberg Partners worth $74,223,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PWP. State of Alaska Department of Revenue purchased a new stake in Perella Weinberg Partners during the 3rd quarter worth $53,000. Tower Research Capital LLC TRC raised its position in Perella Weinberg Partners by 460.5% in the second quarter. Tower Research Capital LLC TRC now owns 5,151 shares of the company’s stock valued at $100,000 after purchasing an additional 4,232 shares during the period. New York State Teachers Retirement System lifted its stake in shares of Perella Weinberg Partners by 16.6% during the third quarter. New York State Teachers Retirement System now owns 5,510 shares of the company’s stock worth $117,000 after purchasing an additional 786 shares in the last quarter. Ameritas Investment Partners Inc. lifted its stake in shares of Perella Weinberg Partners by 20.9% during the second quarter. Ameritas Investment Partners Inc. now owns 6,225 shares of the company’s stock worth $121,000 after purchasing an additional 1,075 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Perella Weinberg Partners in the second quarter worth about $197,000. Hedge funds and other institutional investors own 41.07% of the company’s stock.

Wall Street Analyst Weigh In

PWP has been the subject of a number of recent research reports. Keefe, Bruyette & Woods increased their target price on Perella Weinberg Partners from $20.00 to $23.00 and gave the company a “market perform” rating in a research note on Monday, February 9th. The Goldman Sachs Group raised their price objective on Perella Weinberg Partners from $19.00 to $21.50 and gave the company a “sell” rating in a research note on Monday, February 9th. Wolfe Research set a $21.00 target price on Perella Weinberg Partners in a research note on Wednesday, January 7th. Wall Street Zen upgraded shares of Perella Weinberg Partners from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Perella Weinberg Partners in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $23.63.

Perella Weinberg Partners Trading Down 5.7%

Shares of NASDAQ PWP opened at $17.20 on Friday. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 37.39 and a beta of 1.69. Perella Weinberg Partners has a twelve month low of $14.12 and a twelve month high of $25.92. The business has a 50 day simple moving average of $20.43 and a 200-day simple moving average of $20.00.

Perella Weinberg Partners (NASDAQ:PWP) last announced its quarterly earnings data on Friday, February 6th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. Perella Weinberg Partners had a negative return on equity of 25.81% and a net margin of 4.69%.The firm had revenue of $219.16 million for the quarter, compared to analysts’ expectations of $192.84 million.

Perella Weinberg Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 9th. Stockholders of record on Tuesday, February 17th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $0.28 annualized dividend and a dividend yield of 1.6%. Perella Weinberg Partners’s payout ratio is 60.87%.

Perella Weinberg Partners Profile

Perella Weinberg Partners L.P. is a global, partner-led advisory firm specializing in strategic and financial counsel. Founded in 2006 by Joseph R. Perella and Peter Weinberg—both veterans of leading Wall Street institutions—the firm delivers independent advice on mergers and acquisitions, financing, restructuring and capital markets. As an independent entity, it emphasizes senior banker involvement throughout every transaction, ensuring clients benefit from depth of experience and continuity of service.

The firm’s core offerings encompass M&A advisory, debt and equity financing, corporate restructuring and capital markets solutions.