Perella Weinberg Partners (NASDAQ:PWP) Shares Bought by Swiss National Bank

Swiss National Bank increased its stake in Perella Weinberg Partners (NASDAQ:PWP) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,000 shares of the company’s stock after buying an additional 900 shares during the period. Swiss National Bank owned about 0.11% of Perella Weinberg Partners worth $2,384,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PWP. JPMorgan Chase & Co. lifted its holdings in Perella Weinberg Partners by 49.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 435,922 shares of the company’s stock worth $8,418,000 after buying an additional 144,222 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Perella Weinberg Partners by 197.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 434,005 shares of the company’s stock worth $8,381,000 after purchasing an additional 288,186 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Perella Weinberg Partners by 2.8% in the third quarter. Geode Capital Management LLC now owns 1,257,620 shares of the company’s stock worth $24,289,000 after purchasing an additional 34,301 shares during the period. Kings Path Partners LLC bought a new stake in Perella Weinberg Partners during the fourth quarter valued at $535,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Perella Weinberg Partners during the third quarter worth $389,000. 41.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PWP. Keefe, Bruyette & Woods lifted their price target on shares of Perella Weinberg Partners from $27.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, February 10th. The Goldman Sachs Group decreased their target price on Perella Weinberg Partners from $23.00 to $20.00 and set a “sell” rating for the company in a research note on Friday, March 14th.

Perella Weinberg Partners Stock Performance

Perella Weinberg Partners stock opened at $18.96 on Friday. Perella Weinberg Partners has a one year low of $11.68 and a one year high of $27.03. The company has a 50-day simple moving average of $22.81 and a 200-day simple moving average of $22.62. The firm has a market capitalization of $1.65 billion, a P/E ratio of -12.00 and a beta of 1.61.

Perella Weinberg Partners (NASDAQ:PWP) last announced 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 net margin of 7.37% and a negative return on equity of 72.27%.

Perella Weinberg Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.48%. The ex-dividend date was Tuesday, February 18th. Perella Weinberg Partners’s payout ratio is currently -17.72%.

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.