Jefferies Financial Group Inc. Invests $589,000 in Perella Weinberg Partners (NASDAQ:PWP)

Jefferies Financial Group Inc. bought a new position in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 31,996 shares of the company's stock, valued at approximately $589,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Alberta Investment Management Corp lifted its stake in Perella Weinberg Partners by 32.1% in the first quarter. Alberta Investment Management Corp now owns 52,928 shares of the company's stock valued at $974,000 after buying an additional 12,869 shares in the last quarter. US Bancorp DE raised its holdings in shares of Perella Weinberg Partners by 5.8% during the first quarter. US Bancorp DE now owns 18,623 shares of the company's stock worth $343,000 after acquiring an additional 1,021 shares during the period. Picton Mahoney Asset Management bought a new stake in Perella Weinberg Partners in the 1st quarter valued at $118,000. Bryce Point Capital LLC bought a new stake in Perella Weinberg Partners in the 1st quarter valued at $951,000. Finally, Royce & Associates LP boosted its stake in Perella Weinberg Partners by 3.7% in the 1st quarter. Royce & Associates LP now owns 1,099,154 shares of the company's stock worth $20,224,000 after purchasing an additional 39,096 shares during the period. 41.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wall Street Zen downgraded Perella Weinberg Partners from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. 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. Finally, The Goldman Sachs Group lifted their target price on Perella Weinberg Partners from $16.00 to $18.00 and gave the company a "sell" rating in a research report on Thursday, May 15th.

Perella Weinberg Partners Price Performance

PWP stock traded up $0.17 during midday trading on Thursday, hitting $22.39. The company's stock had a trading volume of 1,679,738 shares, compared to its average volume of 1,172,772. The company's fifty day moving average price is $19.60 and its 200 day moving average price is $19.86. Perella Weinberg Partners has a twelve month low of $14.12 and a twelve month high of $27.03. The stock has a market capitalization of $1.98 billion, a P/E ratio of 27.30 and a beta of 1.66.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $155.27 million during the quarter, compared to the consensus estimate of $188.06 million.

Perella Weinberg Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.07 per share. The ex-dividend date is Friday, August 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.3%. Perella Weinberg Partners's dividend payout ratio 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.