New York State Common Retirement Fund Acquires 680,563 Shares of Perella Weinberg Partners (NASDAQ:PWP)

New York State Common Retirement Fund grew its holdings in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 402.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 849,590 shares of the company's stock after buying an additional 680,563 shares during the quarter. New York State Common Retirement Fund owned approximately 0.98% of Perella Weinberg Partners worth $15,632,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Versant Capital Management Inc bought a new stake in shares of Perella Weinberg Partners in the 1st quarter valued at about $32,000. Quadrant Capital Group LLC raised its holdings in shares of 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. GAMMA Investing LLC raised its holdings in shares of Perella Weinberg Partners by 2,401.3% in the 1st quarter. GAMMA Investing LLC now owns 3,827 shares of the company's stock valued at $70,000 after purchasing an additional 3,674 shares during the period. Meeder Asset Management Inc. bought a new position in Perella Weinberg Partners in the 4th quarter valued at about $179,000. Finally, State of Wyoming raised its holdings in Perella Weinberg Partners by 180.4% in the 4th quarter. State of Wyoming now owns 8,855 shares of the company's stock valued at $211,000 after acquiring an additional 5,697 shares during the period. 41.07% of the stock is owned by institutional investors.

Perella Weinberg Partners Trading Up 0.8%

Shares of NASDAQ:PWP traded up $0.16 on Monday, reaching $19.91. 1,395,399 shares of the company's stock were exchanged, compared to its average volume of 717,208. The company has a fifty day moving average of $18.85 and a 200-day moving average of $20.07. 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 $1.76 billion, a price-to-earnings ratio of -46.30 and a beta of 1.66.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last announced its earnings results on Friday, May 2nd. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.07. The firm had revenue of $211.83 million for the quarter, compared to analyst estimates of $200.29 million. Perella Weinberg Partners had a negative net margin of 1.17% and a negative return on equity of 36.47%. During the same quarter in the prior year, the business posted ($0.10) EPS.

Perella Weinberg Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Wednesday, May 14th were given a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.28 dividend on an annualized basis and a yield of 1.41%. Perella Weinberg Partners's dividend payout ratio is currently -65.12%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. The Goldman Sachs Group increased 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. Wall Street Zen cut shares of Perella Weinberg Partners from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. JMP Securities lowered 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. Finally, Keefe, Bruyette & Woods cut shares of Perella Weinberg Partners from a "moderate buy" rating to a "hold" rating and increased their price target for the company from $22.00 to $23.00 in a report on Monday, July 14th.

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.