775,710 Shares in Perella Weinberg Partners (NASDAQ:PWP) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of Perella Weinberg Partners (NASDAQ:PWP) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 775,710 shares of the company’s stock, valued at approximately $18,493,000. Raymond James Financial Inc. owned about 0.88% of Perella Weinberg Partners as of its most recent SEC filing.

Several other large investors have also bought and sold shares of PWP. Azora Capital LP raised its position in shares of Perella Weinberg Partners by 4.8% in the 3rd quarter. Azora Capital LP now owns 2,411,042 shares of the company’s stock worth $46,557,000 after acquiring an additional 110,370 shares in the last quarter. Wasatch Advisors LP grew its stake in shares of Perella Weinberg Partners by 13.3% in the 3rd quarter. Wasatch Advisors LP now owns 1,483,429 shares of the company’s stock valued at $28,645,000 after buying an additional 174,445 shares during the period. State Street Corp grew its stake in shares of Perella Weinberg Partners by 4.5% in the 3rd quarter. State Street Corp now owns 1,379,418 shares of the company’s stock valued at $26,637,000 after buying an additional 59,989 shares during the period. Geode Capital Management LLC grew its stake in shares of Perella Weinberg Partners by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,257,620 shares of the company’s stock valued at $24,289,000 after buying an additional 34,301 shares during the period. Finally, Wellington Management Group LLP grew its stake in shares of Perella Weinberg Partners by 200.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,157,605 shares of the company’s stock valued at $22,353,000 after buying an additional 771,736 shares during the period. 41.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on PWP shares. Keefe, Bruyette & Woods lifted their price target on Perella Weinberg Partners from $27.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. The Goldman Sachs Group cut their price target on Perella Weinberg Partners from $23.00 to $20.00 and set a “sell” rating for the company in a research note on Friday.

Perella Weinberg Partners Price Performance

Shares of PWP stock opened at $19.39 on Tuesday. The company’s fifty day simple moving average is $23.38 and its two-hundred day simple moving average is $22.62. Perella Weinberg Partners has a 1 year low of $11.68 and a 1 year high of $27.03. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of -12.27 and a beta of 1.61.

Perella Weinberg Partners (NASDAQ:PWP) last issued its earnings results on Friday, February 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). Perella Weinberg Partners had a negative net margin of 7.37% and a negative return on equity of 72.27%.

Perella Weinberg Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were issued a $0.07 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.28 annualized dividend and a dividend yield of 1.44%. Perella Weinberg Partners’s payout ratio is currently -17.72%.

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.