Compound Planning Inc. Buys Shares of 23,551 Perella Weinberg Partners $PWP

Key Points

• Compound Planning Inc. has acquired 23,551 shares of Perella Weinberg Partners (NASDAQ:PWP), valued at approximately $433,000, as per its latest 13F filing with the SEC.
• Perella Weinberg recently reported Q2 earnings that missed consensus estimates, with an EPS of $0.09 and revenue of $155.27 million, compared to expectations of $0.16 and $188.06 million respectively.
• The company has announced a quarterly dividend of $0.07 per share, which will be paid on September 10th, representing an annual yield of 1.3%.

Compound Planning Inc. bought a new position in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 23,551 shares of the company's stock, valued at approximately $433,000.

Several other large investors have also added to or reduced their stakes in the business. BNP Paribas Financial Markets bought a new position in shares of Perella Weinberg Partners in the fourth quarter valued at approximately $413,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Perella Weinberg Partners by 21.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 91,898 shares of the company's stock worth $2,191,000 after acquiring an additional 16,057 shares during the period. Deutsche Bank AG increased its position in Perella Weinberg Partners by 53.6% in the fourth quarter. Deutsche Bank AG now owns 45,179 shares of the company's stock worth $1,077,000 after buying an additional 15,763 shares during the last quarter. Millennium Management LLC increased its position in Perella Weinberg Partners by 49.6% in the fourth quarter. Millennium Management LLC now owns 180,031 shares of the company's stock worth $4,292,000 after buying an additional 59,672 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in Perella Weinberg Partners in the fourth quarter worth $468,000. Institutional investors and hedge funds own 41.07% of the company's stock.

Analyst Ratings Changes

PWP has been the topic of a number of recent research reports. Keefe, Bruyette & Woods increased their price objective on Perella Weinberg Partners from $23.00 to $24.00 and gave the stock a "market perform" rating in a report on Monday, August 4th. The Goldman Sachs Group lifted their price target on Perella Weinberg Partners from $16.00 to $18.00 and gave the stock a "sell" rating in a research note on Thursday, May 15th. Finally, Wall Street Zen lowered Perella Weinberg Partners from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $23.67.

Insider Buying and Selling

In other Perella Weinberg Partners news, President Dietrich Becker sold 177,553 shares of the firm's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $22.20, for a total transaction of $3,941,676.60. Following the sale, the president directly owned 368,469 shares of the company's stock, valued at $8,180,011.80. This trade represents a 32.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 31.82% of the stock is currently owned by corporate insiders.

Perella Weinberg Partners Stock Performance

Shares of PWP stock traded down $0.02 on Thursday, reaching $22.40. The stock had a trading volume of 1,379,526 shares, compared to its average volume of 1,287,928. The stock has a market cap of $1.96 billion, a P/E ratio of 27.32 and a beta of 1.66. Perella Weinberg Partners has a 1 year low of $14.12 and a 1 year high of $27.03. The company has a 50 day simple moving average of $20.79 and a 200 day simple moving average of $19.49.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.07). Perella Weinberg Partners had a negative return on equity of 26.14% and a net margin of 6.57%.The firm had revenue of $155.27 million during the quarter, compared to analysts' expectations of $188.06 million.

Perella Weinberg Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.28 dividend on an annualized basis and a yield of 1.3%. Perella Weinberg Partners's dividend payout ratio (DPR) is currently 34.15%.

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.