32,900 Shares in Perella Weinberg Partners $PWP Bought by Strs Ohio

Strs Ohio purchased a new position in Perella Weinberg Partners (NASDAQ:PWP - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 32,900 shares of the company's stock, valued at approximately $605,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets bought a new stake in shares of Perella Weinberg Partners in the fourth quarter worth $413,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Perella Weinberg Partners by 21.2% in 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 buying an additional 16,057 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of Perella Weinberg Partners by 13.4% in the first quarter. Raymond James Financial Inc. now owns 879,745 shares of the company's stock worth $16,187,000 after buying an additional 104,035 shares during the last quarter. Deutsche Bank AG increased its stake in shares of 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. Finally, Millennium Management LLC increased its stake in shares of 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. Institutional investors own 41.07% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on PWP. Keefe, Bruyette & Woods boosted their target price on shares of Perella Weinberg Partners from $23.00 to $24.00 and gave the company a "market perform" rating in a research note on Monday, August 4th. Wall Street Zen lowered shares of Perella Weinberg Partners from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $23.67.

Perella Weinberg Partners Trading Down 1.4%

Shares of NASDAQ PWP opened at $22.81 on Friday. Perella Weinberg Partners has a twelve month low of $14.12 and a twelve month high of $27.03. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 27.82 and a beta of 1.67. The firm has a 50-day moving average of $21.52 and a two-hundred day moving average of $19.37.

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

Perella Weinberg Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 29th were issued a $0.07 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.2%. Perella Weinberg Partners's dividend payout ratio is currently 34.15%.

Insider Buying and Selling at Perella Weinberg Partners

In other news, President Dietrich Becker sold 177,553 shares of the company's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $22.20, for a total value of $3,941,676.60. Following the transaction, the president owned 368,469 shares in the company, valued at $8,180,011.80. This represents a 32.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 31.82% of the stock is owned by corporate insiders.

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.

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