UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 4,609 Shares of Perella Weinberg Partners (NASDAQ:PWP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of Perella Weinberg Partners (NASDAQ:PWP) by 5.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,841 shares of the company’s stock after selling 4,609 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.09% of Perella Weinberg Partners worth $1,464,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Westwood Holdings Group Inc. purchased a new position in shares of Perella Weinberg Partners in the 2nd quarter valued at $35,715,000. Millennium Management LLC grew 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 purchasing an additional 1,666,015 shares during the last quarter. William Blair Investment Management LLC bought a new position in Perella Weinberg Partners in the second quarter worth about $20,198,000. Royce & Associates LP boosted its holdings in shares of Perella Weinberg Partners by 14.3% in the 3rd quarter. Royce & Associates LP now owns 1,179,111 shares of the company’s stock valued at $22,769,000 after buying an additional 147,424 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its stake in shares of Perella Weinberg Partners by 32.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 756,540 shares of the company’s stock worth $14,609,000 after acquiring an additional 183,905 shares in the last quarter. Institutional investors own 41.07% of the company’s stock.

Insider Transactions at Perella Weinberg Partners

In other Perella Weinberg Partners news, CEO Andrew Bednar sold 300,579 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $24.48, for a total value of $7,358,173.92. Following the sale, the chief executive officer now directly owns 566,386 shares of the company’s stock, valued at approximately $13,865,129.28. This represents a 34.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Dietrich Becker sold 442,889 shares of Perella Weinberg Partners stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $24.48, for a total value of $10,841,922.72. Following the transaction, the president now owns 379,140 shares of the company’s stock, valued at $9,281,347.20. The trade was a 53.88 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 43.53% of the company’s stock.

Analyst Ratings Changes

Separately, JMP Securities raised 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.

Perella Weinberg Partners Stock Up 1.2 %

PWP opened at $24.86 on Tuesday. The company has a market cap of $2.19 billion, a P/E ratio of -10.49 and a beta of 1.57. The firm’s 50-day moving average price is $23.46 and its 200-day moving average price is $19.65. Perella Weinberg Partners has a 52-week low of $10.73 and a 52-week high of $26.62.

Perella Weinberg Partners (NASDAQ:PWP) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.14. The business had revenue of $278.20 million during the quarter, compared to analysts’ expectations of $196.42 million. Perella Weinberg Partners had a negative net margin of 11.09% and a negative return on equity of 295.65%. The business’s quarterly revenue was up 100.1% on a year-over-year basis. During the same quarter last year, the company posted $0.12 earnings per share.

Perella Weinberg Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Wednesday, December 4th. Perella Weinberg Partners’s dividend payout ratio is presently -11.81%.

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.