Perella Weinberg Partners (NASDAQ:PWP) Shares Bought by Barclays PLC

Barclays PLC lifted its position in Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 8.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 202,517 shares of the company's stock after purchasing an additional 16,130 shares during the quarter. Barclays PLC owned approximately 0.23% of Perella Weinberg Partners worth $4,828,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. FMR LLC lifted its stake in Perella Weinberg Partners by 3.8% in the fourth quarter. FMR LLC now owns 8,181,941 shares of the company's stock valued at $195,057,000 after buying an additional 301,587 shares during the last quarter. Vanguard Group Inc. raised its position in Perella Weinberg Partners by 9.0% in the 4th quarter. Vanguard Group Inc. now owns 3,163,844 shares of the company's stock valued at $75,426,000 after purchasing an additional 260,319 shares during the last quarter. Wellington Management Group LLP boosted its stake in Perella Weinberg Partners by 13.7% during the 4th quarter. Wellington Management Group LLP now owns 1,316,562 shares of the company's stock worth $31,387,000 after purchasing an additional 158,957 shares during the period. Geode Capital Management LLC grew its position in Perella Weinberg Partners by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 1,281,969 shares of the company's stock worth $30,569,000 after purchasing an additional 24,349 shares during the last quarter. Finally, William Blair Investment Management LLC grew its position in Perella Weinberg Partners by 2.5% during the 4th quarter. William Blair Investment Management LLC now owns 1,236,570 shares of the company's stock worth $29,480,000 after purchasing an additional 30,441 shares during the last quarter. 41.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods upped their target price 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 price objective on Perella Weinberg Partners from $20.00 to $18.00 and set a "sell" rating for the company in a research report on Wednesday, April 2nd. Finally, JMP Securities dropped their target price on Perella Weinberg Partners from $33.00 to $29.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th.

Perella Weinberg Partners Trading Down 1.9 %

Shares of NASDAQ:PWP traded down $0.33 during midday trading on Friday, hitting $16.93. The stock had a trading volume of 360,826 shares, compared to its average volume of 601,452. Perella Weinberg Partners has a 1 year low of $11.68 and a 1 year high of $27.03. The stock has a 50 day moving average price of $18.40 and a two-hundred day moving average price of $22.10. The company has a market capitalization of $1.47 billion, a PE ratio of -10.68 and a beta of 1.68.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The company reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.07. Perella Weinberg Partners had a negative net margin of 7.37% and a negative return on equity of 72.27%. The firm had revenue of $211.83 million during the quarter, compared to the consensus estimate of $200.29 million. During the same quarter last year, the firm earned ($0.10) earnings per share.

Perella Weinberg Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Tuesday, February 18th. Perella Weinberg Partners's dividend payout ratio is presently -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.