Nuveen Asset Management LLC lessened its position in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 54.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 213,893 shares of the company's stock after selling 255,946 shares during the period. Nuveen Asset Management LLC owned about 0.24% of Perella Weinberg Partners worth $5,099,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in PWP. Quadrant Capital Group LLC boosted its stake in shares of Perella Weinberg Partners by 43.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,540 shares of the company's stock worth $37,000 after buying an additional 470 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in Perella Weinberg Partners in the 4th quarter valued at about $64,000. Meeder Asset Management Inc. acquired a new stake in Perella Weinberg Partners in the 4th quarter valued at about $179,000. KLP Kapitalforvaltning AS acquired a new stake in Perella Weinberg Partners during the fourth quarter worth approximately $248,000. Finally, Captrust Financial Advisors acquired a new stake in Perella Weinberg Partners during the fourth quarter worth approximately $248,000. Institutional investors own 41.07% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have recently commented on PWP shares. Wall Street Zen cut shares of Perella Weinberg Partners from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Keefe, Bruyette & Woods decreased their price objective on shares of Perella Weinberg Partners from $24.00 to $22.00 and set an "outperform" rating on the stock in a research note on Monday, May 12th. The Goldman Sachs Group lifted their price objective on shares of Perella Weinberg Partners from $16.00 to $18.00 and gave the company a "sell" rating in a research note on Thursday, May 15th. Finally, JMP Securities decreased their price objective on shares of Perella Weinberg Partners from $33.00 to $29.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th.
Check Out Our Latest Stock Analysis on PWP
Perella Weinberg Partners Stock Performance
Shares of NASDAQ:PWP traded down $0.09 during mid-day trading on Wednesday, reaching $17.50. 1,046,491 shares of the company's stock were exchanged, compared to its average volume of 647,542. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of -11.08 and a beta of 1.69. The business's fifty day moving average price is $17.26 and its 200-day moving average price is $21.36. Perella Weinberg Partners has a twelve month low of $13.82 and a twelve month high of $27.03.
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 (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.07. The business 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 7.37% and a negative return on equity of 72.27%. During the same quarter in the previous year, the business earned ($0.10) earnings per share.
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 paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend was Wednesday, May 14th. Perella Weinberg Partners's payout ratio is -65.12%.
Perella Weinberg Partners Profile
(
Free Report)
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.
See Also
Before you consider Perella Weinberg Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Perella Weinberg Partners wasn't on the list.
While Perella Weinberg Partners currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
