Perella Weinberg Partners $PWP Shares Sold by UBS Group AG

UBS Group AG cut its position in shares of Perella Weinberg Partners (NASDAQ:PWP) by 10.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 291,094 shares of the company’s stock after selling 33,555 shares during the quarter. UBS Group AG’s holdings in Perella Weinberg Partners were worth $5,036,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky raised its holdings in Perella Weinberg Partners by 14.9% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 97,010 shares of the company’s stock worth $1,678,000 after purchasing an additional 12,607 shares during the last quarter. Vanguard Group Inc. increased its position in Perella Weinberg Partners by 6.9% during the fourth quarter. Vanguard Group Inc. now owns 3,722,756 shares of the company’s stock worth $64,404,000 after buying an additional 241,363 shares in the last quarter. State of Alaska Department of Revenue increased its position in Perella Weinberg Partners by 752.4% during the fourth quarter. State of Alaska Department of Revenue now owns 21,497 shares of the company’s stock worth $371,000 after buying an additional 18,975 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in Perella Weinberg Partners by 10.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 10,138 shares of the company’s stock worth $175,000 after buying an additional 997 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in Perella Weinberg Partners by 104.3% during the fourth quarter. SG Americas Securities LLC now owns 18,662 shares of the company’s stock worth $323,000 after buying an additional 9,526 shares in the last quarter. 41.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PWP. The Goldman Sachs Group raised their price target on Perella Weinberg Partners from $17.50 to $19.50 and gave the stock a “sell” rating in a research report on Tuesday, April 14th. Citizens Jmp dropped their price target on Perella Weinberg Partners from $32.00 to $30.00 and set a “market outperform” rating for the company in a research report on Friday, April 10th. Keefe, Bruyette & Woods lifted their price objective on Perella Weinberg Partners from $21.00 to $23.50 and gave the company an “outperform” rating in a research report on Monday, May 4th. Wall Street Zen raised Perella Weinberg Partners from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, Weiss Ratings downgraded Perella Weinberg Partners from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Perella Weinberg Partners currently has an average rating of “Hold” and a consensus price target of $23.50.

Insider Activity at Perella Weinberg Partners

In other Perella Weinberg Partners news, CFO Alexandra Gottschalk sold 51,671 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $19.74, for a total transaction of $1,019,985.54. Following the transaction, the chief financial officer owned 72,492 shares in the company, valued at $1,430,992.08. The trade was a 41.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 109,477 shares of company stock worth $2,034,533 in the last 90 days. Insiders own 26.10% of the company’s stock.

Perella Weinberg Partners Trading Up 3.7%

PWP stock opened at $18.37 on Friday. The stock has a 50-day moving average price of $18.90 and a two-hundred day moving average price of $19.17. Perella Weinberg Partners has a 12-month low of $15.74 and a 12-month high of $25.92. The company has a market cap of $1.71 billion, a PE ratio of 76.54 and a beta of 1.74.

Perella Weinberg Partners (NASDAQ:PWP) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.11). Perella Weinberg Partners had a net margin of 2.82% and a negative return on equity of 19.90%. The firm had revenue of $148.92 million for the quarter, compared to analysts’ expectations of $158.82 million.

Perella Weinberg Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, June 1st. Perella Weinberg Partners’s payout ratio is currently 116.67%.

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.