Perella Weinberg Partners (NASDAQ:PWP) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its holdings in shares of Perella Weinberg Partners (NASDAQ:PWP) by 47.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 190,553 shares of the company’s stock after acquiring an additional 61,428 shares during the period. Bank of New York Mellon Corp owned about 0.22% of Perella Weinberg Partners worth $4,543,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PWP. Intech Investment Management LLC purchased a new stake in Perella Weinberg Partners during the 3rd quarter worth about $197,000. Charles Schwab Investment Management Inc. raised its position in shares of Perella Weinberg Partners by 197.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 434,005 shares of the company’s stock valued at $8,381,000 after buying an additional 288,186 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in shares of Perella Weinberg Partners by 32.1% during the third quarter. Eagle Asset Management Inc. now owns 756,540 shares of the company’s stock valued at $14,609,000 after buying an additional 183,905 shares during the period. Algert Global LLC grew its stake in Perella Weinberg Partners by 7.2% in the 3rd quarter. Algert Global LLC now owns 158,646 shares of the company’s stock worth $3,063,000 after acquiring an additional 10,621 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Perella Weinberg Partners during the 3rd quarter worth $389,000. 41.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on PWP. Keefe, Bruyette & Woods upped their price target on shares of Perella Weinberg Partners from $27.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. The Goldman Sachs Group cut their target price on Perella Weinberg Partners from $23.00 to $20.00 and set a “sell” rating on the stock in a research report on Friday.

Perella Weinberg Partners Stock Down 0.5 %

Shares of Perella Weinberg Partners stock opened at $19.39 on Tuesday. The stock has a market cap of $1.68 billion, a PE ratio of -12.27 and a beta of 1.61. Perella Weinberg Partners has a 12 month low of $11.68 and a 12 month high of $27.03. The business has a fifty day simple moving average of $23.38 and a 200-day simple moving average of $22.62.

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

Perella Weinberg Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were paid 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 -17.72%.

Perella Weinberg Partners 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.