Perella Weinberg Partners (NASDAQ:PWP) Holdings Cut by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its holdings in Perella Weinberg Partners (NASDAQ:PWP) by 33.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 231,729 shares of the company’s stock after selling 115,767 shares during the quarter. Dimensional Fund Advisors LP owned 0.25% of Perella Weinberg Partners worth $3,766,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Oppenheimer Asset Management Inc. lifted its holdings in shares of Perella Weinberg Partners by 17.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 16,709 shares of the company’s stock worth $272,000 after buying an additional 2,537 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Perella Weinberg Partners during the second quarter worth $20,198,000. Arizona State Retirement System boosted its stake in shares of Perella Weinberg Partners by 15.3% during the 2nd quarter. Arizona State Retirement System now owns 13,020 shares of the company’s stock worth $212,000 after buying an additional 1,724 shares during the last quarter. Rhumbline Advisers grew its holdings in Perella Weinberg Partners by 26.8% during the second quarter. Rhumbline Advisers now owns 70,867 shares of the company’s stock worth $1,152,000 after purchasing an additional 14,978 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Perella Weinberg Partners by 122.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,763 shares of the company’s stock worth $159,000 after acquiring an additional 5,379 shares during the period. Institutional investors and hedge funds own 41.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on PWP. JMP Securities lifted their target price on Perella Weinberg Partners from $22.00 to $26.00 and gave the stock a “market outperform” rating in a report on Wednesday. Keefe, Bruyette & Woods boosted their price target on shares of Perella Weinberg Partners from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Friday, July 12th.

Perella Weinberg Partners Stock Down 2.5 %

PWP opened at $20.11 on Friday. The stock’s fifty day moving average is $18.98 and its two-hundred day moving average is $16.81. Perella Weinberg Partners has a 52 week low of $9.30 and a 52 week high of $20.85. The company has a market capitalization of $1.89 billion, a P/E ratio of -10.81 and a beta of 1.50.

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

Perella Weinberg Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, September 5th were issued a $0.07 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.28 dividend on an annualized basis and a yield of 1.39%. Perella Weinberg Partners’s dividend payout ratio (DPR) is presently -15.05%.

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.