Perella Weinberg Partners (NASDAQ:PWP) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lifted its position in shares of Perella Weinberg Partners (NASDAQ:PWP) by 17.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,709 shares of the company’s stock after buying an additional 2,537 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Perella Weinberg Partners were worth $272,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PWP. Trexquant Investment LP purchased a new stake in Perella Weinberg Partners during the 4th quarter worth about $608,000. Quest Partners LLC purchased a new stake in Perella Weinberg Partners during the 4th quarter worth about $364,000. Olympiad Research LP purchased a new stake in Perella Weinberg Partners during the 4th quarter worth about $195,000. Basswood Capital Management L.L.C. increased its position in Perella Weinberg Partners by 18.4% during the 4th quarter. Basswood Capital Management L.L.C. now owns 841,307 shares of the company’s stock worth $10,289,000 after purchasing an additional 130,682 shares in the last quarter. Finally, Azora Capital LP increased its position in Perella Weinberg Partners by 55.4% during the 4th quarter. Azora Capital LP now owns 426,963 shares of the company’s stock worth $5,222,000 after purchasing an additional 152,270 shares in the last quarter. Hedge funds and other institutional investors own 41.07% of the company’s stock.

Perella Weinberg Partners Stock Up 1.0 %

Shares of NASDAQ PWP opened at $19.62 on Friday. The business has a fifty day simple moving average of $18.59 and a 200-day simple moving average of $16.20. The company has a market cap of $1.85 billion, a price-to-earnings ratio of -10.55 and a beta of 1.50. Perella Weinberg Partners has a 12 month low of $9.30 and a 12 month high of $20.58.

Perella Weinberg Partners (NASDAQ:PWP) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.26. The business had revenue of $272.00 million for the quarter, compared to the consensus estimate of $179.35 million. Perella Weinberg Partners had a positive return on equity of 56.85% and a negative net margin of 15.75%. The firm’s revenue was up 64.3% compared to the same quarter last year. During the same period last year, the business earned $0.16 EPS.

Perella Weinberg Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, September 5th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Thursday, September 5th. Perella Weinberg Partners’s payout ratio is presently -15.05%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. JMP Securities reiterated a “market outperform” rating and set a $22.00 target price on shares of Perella Weinberg Partners in a report on Monday, August 5th. Keefe, Bruyette & Woods upped their target price on Perella Weinberg Partners from $18.00 to $19.00 and gave the company an “outperform” rating in a research report on Friday, July 12th.

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.