Millennium Management LLC Boosts Stock Position in Perella Weinberg Partners (NASDAQ:PWP)

Millennium Management LLC increased its position in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 49.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 180,031 shares of the company's stock after buying an additional 59,672 shares during the quarter. Millennium Management LLC owned about 0.20% of Perella Weinberg Partners worth $4,292,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its holdings in 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 purchasing an additional 470 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Perella Weinberg Partners by 1.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,403 shares of the company's stock worth $701,000 after purchasing an additional 518 shares in the last quarter. US Bancorp DE increased its holdings in Perella Weinberg Partners by 4.4% during the 4th quarter. US Bancorp DE now owns 17,602 shares of the company's stock worth $420,000 after purchasing an additional 746 shares in the last quarter. Ancora Advisors LLC increased its holdings in Perella Weinberg Partners by 0.4% during the 4th quarter. Ancora Advisors LLC now owns 203,446 shares of the company's stock worth $4,850,000 after purchasing an additional 830 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Perella Weinberg Partners by 1.2% in the fourth quarter. Rhumbline Advisers now owns 70,861 shares of the company's stock valued at $1,689,000 after acquiring an additional 854 shares in the last quarter. 41.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PWP has been the subject of several recent analyst reports. JMP Securities reduced their target price on Perella Weinberg Partners from $33.00 to $29.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. The Goldman Sachs Group upped their target price on 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 reduced their target price on Perella Weinberg Partners from $24.00 to $22.00 and set an "outperform" rating for the company in a report on Monday, May 12th. Finally, Wall Street Zen lowered Perella Weinberg Partners from a "buy" rating to a "hold" rating in a report on Saturday, May 24th.

Perella Weinberg Partners Stock Performance

NASDAQ PWP traded up $0.10 on Tuesday, hitting $17.59. 1,128,546 shares of the stock traded hands, compared to its average volume of 645,840. The business's fifty day moving average is $17.28 and its two-hundred day moving average is $21.39. Perella Weinberg Partners has a 12 month low of $13.82 and a 12 month high of $27.03. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of -11.13 and a beta of 1.69.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last announced its quarterly earnings data 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 return on equity of 72.27% and a negative net margin of 7.37%. The business had revenue of $211.83 million during the quarter, compared to analyst estimates of $200.29 million. During the same period in the prior year, the company earned ($0.10) earnings per share.

Perella Weinberg Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Wednesday, May 14th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.59%. The ex-dividend date was Wednesday, May 14th. Perella Weinberg Partners's dividend payout ratio (DPR) is -65.12%.

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.