Canada Pension Plan Investment Board Buys Shares of 49,200 Perella Weinberg Partners (NASDAQ:PWP)

Canada Pension Plan Investment Board acquired a new position in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 49,200 shares of the company's stock, valued at approximately $1,173,000. Canada Pension Plan Investment Board owned 0.06% of Perella Weinberg Partners at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of PWP. JPMorgan Chase & Co. boosted its position in Perella Weinberg Partners by 49.4% during the third quarter. JPMorgan Chase & Co. now owns 435,922 shares of the company's stock worth $8,418,000 after purchasing an additional 144,222 shares in the last quarter. Geode Capital Management LLC grew its stake in 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 acquiring an additional 34,301 shares during the last quarter. Kings Path Partners LLC purchased a new position in Perella Weinberg Partners during the 4th quarter valued at about $535,000. Jump Financial LLC raised its position in Perella Weinberg Partners by 181.5% during the fourth quarter. Jump Financial LLC now owns 33,502 shares of the company's stock worth $799,000 after acquiring an additional 21,602 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of Perella Weinberg Partners by 8.7% in the fourth quarter. Barclays PLC now owns 202,517 shares of the company's stock valued at $4,828,000 after purchasing an additional 16,130 shares in the last quarter. Hedge funds and other institutional investors own 41.07% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on PWP shares. JMP Securities cut their price objective on Perella Weinberg Partners from $33.00 to $29.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. The Goldman Sachs Group cut their price target on Perella Weinberg Partners from $20.00 to $18.00 and set a "sell" rating for the company in a report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods raised 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 note on Monday, February 10th.

Perella Weinberg Partners Trading Down 1.1 %

Shares of PWP traded down $0.19 during mid-day trading on Wednesday, reaching $17.17. The company had a trading volume of 1,042,723 shares, compared to its average volume of 599,686. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of -10.87 and a beta of 1.68. Perella Weinberg Partners has a fifty-two week low of $11.68 and a fifty-two week high of $27.03. The firm has a fifty day simple moving average of $18.52 and a 200-day simple moving average of $22.13.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The company reported $0.26 earnings per share (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 declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Tuesday, February 18th. Perella Weinberg Partners's dividend payout ratio (DPR) is -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.