Perella Weinberg Partners (NASDAQ:PWP) Stock Holdings Boosted by Deutsche Bank AG

Deutsche Bank AG boosted its holdings in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 53.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,179 shares of the company's stock after acquiring an additional 15,763 shares during the period. Deutsche Bank AG owned about 0.05% of Perella Weinberg Partners worth $1,077,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Quadrant Capital Group LLC grew its holdings in Perella Weinberg Partners by 43.9% in the fourth 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 acquired a new position in Perella Weinberg Partners during the fourth quarter valued at approximately $64,000. Meeder Asset Management Inc. acquired a new position in Perella Weinberg Partners during the fourth quarter valued at approximately $179,000. KLP Kapitalforvaltning AS acquired a new position in Perella Weinberg Partners during the fourth quarter valued at approximately $248,000. Finally, Captrust Financial Advisors acquired a new position in Perella Weinberg Partners during the fourth quarter valued at approximately $248,000. Institutional investors and hedge funds own 41.07% of the company's stock.

Perella Weinberg Partners Stock Up 0.8%

PWP stock traded up $0.14 during trading on Thursday, hitting $17.77. 203,951 shares of the company's stock traded hands, compared to its average volume of 637,237. Perella Weinberg Partners has a 52 week low of $13.82 and a 52 week high of $27.03. The stock has a fifty day moving average price of $17.47 and a two-hundred day moving average price of $21.63. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of -11.23 and a beta of 1.69.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last released its earnings results on Friday, May 2nd. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the firm earned ($0.10) earnings per share.

Perella Weinberg Partners Dividend Announcement

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

Analyst Upgrades and Downgrades

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