BNP Paribas Financial Markets Acquires New Position in Perella Weinberg Partners (NASDAQ:PWP)

BNP Paribas Financial Markets acquired a new stake in Perella Weinberg Partners (NASDAQ:PWP - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 17,324 shares of the company's stock, valued at approximately $413,000.

Other institutional investors have also made changes to their positions in the company. Quadrant Capital Group LLC boosted its holdings in Perella Weinberg Partners by 43.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,540 shares of the company's stock valued at $37,000 after purchasing an additional 470 shares during the period. Venturi Wealth Management LLC bought a new position in shares of Perella Weinberg Partners in the 4th quarter valued at $64,000. Meeder Asset Management Inc. bought a new position in Perella Weinberg Partners in the 4th quarter valued at approximately $179,000. KLP Kapitalforvaltning AS bought a new position in shares of Perella Weinberg Partners during the fourth quarter valued at $248,000. Finally, Aigen Investment Management LP bought a new position in Perella Weinberg Partners during the 4th quarter worth $311,000. Institutional investors own 41.07% of the company's stock.

Perella Weinberg Partners Price Performance

NASDAQ:PWP traded down $0.10 during trading hours on Friday, hitting $17.69. The stock had a trading volume of 56,544 shares, compared to its average volume of 637,316. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of -11.19 and a beta of 1.69. The company has a 50 day simple moving average of $17.41 and a two-hundred day simple moving average of $21.58. Perella Weinberg Partners has a one year low of $13.82 and a one year high of $27.03.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The company reported $0.28 earnings per share for the quarter, topping 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 analyst estimates of $200.29 million. During the same period in the previous year, the business posted ($0.10) EPS.

Perella Weinberg Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Wednesday, May 14th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Wednesday, May 14th. Perella Weinberg Partners's dividend payout ratio (DPR) is -65.12%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on PWP shares. Keefe, Bruyette & Woods lowered their price objective on Perella Weinberg Partners from $24.00 to $22.00 and set an "outperform" rating for the company in a research report on Monday, May 12th. Wall Street Zen downgraded Perella Weinberg Partners from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. The Goldman Sachs Group upped their target price on Perella Weinberg Partners from $16.00 to $18.00 and gave the company a "sell" rating in a report on Thursday, May 15th. Finally, JMP Securities reduced their target price on shares of 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.

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.