Westwood Holdings Group Inc. Acquires 15,961 Shares of Perella Weinberg Partners (NASDAQ:PWP)

Westwood Holdings Group Inc. increased its position in Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,112,393 shares of the company's stock after purchasing an additional 15,961 shares during the period. Westwood Holdings Group Inc. owned approximately 2.40% of Perella Weinberg Partners worth $50,359,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Barclays PLC lifted its holdings in shares of Perella Weinberg Partners by 8.7% in the 4th quarter. Barclays PLC now owns 202,517 shares of the company's stock worth $4,828,000 after purchasing an additional 16,130 shares in the last quarter. Jump Financial LLC lifted its holdings in shares of Perella Weinberg Partners by 181.5% in the 4th quarter. Jump Financial LLC now owns 33,502 shares of the company's stock worth $799,000 after purchasing an additional 21,602 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Perella Weinberg Partners by 47.6% in the 4th quarter. Bank of New York Mellon Corp now owns 190,553 shares of the company's stock worth $4,543,000 after purchasing an additional 61,428 shares in the last quarter. Vanguard Group Inc. lifted its stake in Perella Weinberg Partners by 9.0% during the 4th quarter. Vanguard Group Inc. now owns 3,163,844 shares of the company's stock valued at $75,426,000 after acquiring an additional 260,319 shares in the last quarter. Finally, Ranger Investment Management L.P. bought a new position in Perella Weinberg Partners during the 4th quarter valued at $5,486,000. 41.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PWP has been the topic of several recent analyst reports. Keefe, Bruyette & Woods dropped their price objective on 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. JMP Securities dropped their price objective on 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. Wall Street Zen cut Perella Weinberg Partners from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, The Goldman Sachs Group lifted their target price on Perella Weinberg Partners from $16.00 to $18.00 and gave the stock a "sell" rating in a research note on Thursday, May 15th.

Perella Weinberg Partners Stock Down 0.6%

PWP traded down $0.11 during trading hours on Friday, hitting $17.53. The stock had a trading volume of 624,139 shares, compared to its average volume of 637,073. The company's fifty day simple moving average is $17.58 and its 200 day simple moving average is $21.77. Perella Weinberg Partners has a 1 year low of $13.82 and a 1 year high of $27.03. The stock has a market cap of $1.55 billion, a PE ratio of -11.09 and a beta of 1.69.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last posted its earnings results on Friday, May 2nd. The company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.07. The business had revenue of $211.83 million during the quarter, compared to analyst estimates of $200.29 million. Perella Weinberg Partners had a negative return on equity of 72.27% and a negative net margin of 7.37%. During the same quarter in the previous year, the firm earned ($0.10) EPS.

Perella Weinberg Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Wednesday, May 14th. Perella Weinberg Partners's payout ratio is presently -65.12%.

Perella Weinberg Partners Company 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.