Invesco Ltd. Has $1.19 Million Stock Holdings in Perella Weinberg Partners $PWP

Invesco Ltd. cut its stake in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 75.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,842 shares of the company's stock after selling 198,897 shares during the period. Invesco Ltd. owned approximately 0.07% of Perella Weinberg Partners worth $1,193,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PWP. New York State Common Retirement Fund increased its stake in shares of Perella Weinberg Partners by 402.6% in the 1st quarter. New York State Common Retirement Fund now owns 849,590 shares of the company's stock valued at $15,632,000 after acquiring an additional 680,563 shares during the last quarter. Emerald Advisers LLC bought a new position in Perella Weinberg Partners during the 1st quarter worth approximately $7,420,000. Algert Global LLC boosted its stake in Perella Weinberg Partners by 137.4% during the 4th quarter. Algert Global LLC now owns 376,564 shares of the company's stock worth $8,977,000 after acquiring an additional 217,918 shares during the last quarter. Bank of America Corp DE boosted its stake in Perella Weinberg Partners by 46.1% during the 4th quarter. Bank of America Corp DE now owns 672,481 shares of the company's stock worth $16,032,000 after acquiring an additional 212,296 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust bought a new position in Perella Weinberg Partners during the 1st quarter worth approximately $3,798,000. 41.07% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Perella Weinberg Partners

In related news, President Dietrich Becker sold 177,553 shares of Perella Weinberg Partners stock in a transaction that occurred on 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 sale, the president owned 368,469 shares of the company's stock, valued at approximately $8,180,011.80. This trade represents a 32.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 31.82% of the company's stock.

Wall Street Analyst Weigh In

PWP has been the topic of several recent analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of Perella Weinberg Partners from $23.00 to $24.00 and gave the stock a "market perform" rating in a research note on Monday, August 4th. The Goldman Sachs Group lifted their price objective on shares of 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 shares of Perella Weinberg Partners from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. One research 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $23.67.

Perella Weinberg Partners Trading Down 2.0%

Shares of Perella Weinberg Partners stock traded down $0.44 during trading on Friday, reaching $21.73. The stock had a trading volume of 940,013 shares, compared to its average volume of 1,128,561. The stock has a fifty day moving average price of $21.12 and a two-hundred day moving average price of $19.39. Perella Weinberg Partners has a 52 week low of $14.12 and a 52 week high of $27.03. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 26.50 and a beta of 1.67.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last announced its 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 net margin of 6.57% and a negative return on equity of 26.14%. The firm had revenue of $155.27 million during the quarter, compared to analyst estimates of $188.06 million.

Perella Weinberg Partners Dividend Announcement

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

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.