SG Americas Securities LLC Buys New Stake in Perella Weinberg Partners (NASDAQ:PWP)

SG Americas Securities LLC bought a new stake in Perella Weinberg Partners (NASDAQ:PWP) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 21,022 shares of the company’s stock, valued at approximately $406,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Perella Weinberg Partners by 6.7% in the first quarter. Vanguard Group Inc. now owns 2,491,989 shares of the company’s stock valued at $35,212,000 after acquiring an additional 155,855 shares during the period. Westwood Holdings Group Inc. bought a new stake in Perella Weinberg Partners in the second quarter valued at about $35,715,000. Millennium Management LLC increased its stake in Perella Weinberg Partners by 2,883.9% in the second quarter. Millennium Management LLC now owns 1,723,785 shares of the company’s stock valued at $28,012,000 after acquiring an additional 1,666,015 shares during the period. Wasatch Advisors LP increased its stake in Perella Weinberg Partners by 113.0% in the first quarter. Wasatch Advisors LP now owns 1,442,576 shares of the company’s stock valued at $20,384,000 after acquiring an additional 765,461 shares during the period. Finally, William Blair Investment Management LLC bought a new stake in Perella Weinberg Partners in the second quarter valued at about $20,198,000. Institutional investors own 41.07% of the company’s stock.

Perella Weinberg Partners Trading Up 0.6 %

Shares of Perella Weinberg Partners stock opened at $22.12 on Friday. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of -11.89 and a beta of 1.50. Perella Weinberg Partners has a 1-year low of $9.30 and a 1-year high of $22.31. The firm’s 50-day moving average price is $19.44 and its two-hundred day moving average price is $17.08.

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, topping the consensus estimate of $0.17 by $0.26. The firm had revenue of $272.00 million for the quarter, compared to analysts’ expectations of $179.35 million. Perella Weinberg Partners had a negative net margin of 15.75% and a positive return on equity of 56.85%. The company’s quarterly revenue was up 64.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 earnings per share.

Perella Weinberg Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, September 5th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.28 annualized dividend and a dividend yield of 1.27%. Perella Weinberg Partners’s dividend payout ratio (DPR) is currently -15.05%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PWP. JMP Securities upped their target price on shares of Perella Weinberg Partners from $22.00 to $26.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods upped their price objective 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 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.