Perella Weinberg Partners (NASDAQ:PWP) Stake Increased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 21.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 91,898 shares of the company's stock after acquiring an additional 16,057 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.10% of Perella Weinberg Partners worth $2,191,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. 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 purchasing an additional 470 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Perella Weinberg Partners during the 4th quarter worth about $64,000. Meeder Asset Management Inc. acquired a new stake in shares of Perella Weinberg Partners during the 4th quarter worth about $179,000. State of Wyoming boosted its stake in shares of Perella Weinberg Partners by 180.4% during the 4th quarter. State of Wyoming now owns 8,855 shares of the company's stock worth $211,000 after purchasing an additional 5,697 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new stake in shares of Perella Weinberg Partners during the 4th quarter worth about $248,000. 41.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PWP has been the topic of several analyst reports. Keefe, Bruyette & Woods decreased their price target 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. JMP Securities decreased 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 research note on Tuesday, April 8th. Wall Street Zen cut shares of Perella Weinberg Partners from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, The Goldman Sachs Group raised their target price on shares of Perella Weinberg Partners from $16.00 to $18.00 and gave the stock a "sell" rating in a research report on Thursday, May 15th.

Perella Weinberg Partners Price Performance

NASDAQ PWP traded down $0.11 during mid-day trading on Tuesday, hitting $18.88. The company's stock had a trading volume of 813,074 shares, compared to its average volume of 656,608. Perella Weinberg Partners has a 52-week low of $13.82 and a 52-week high of $27.03. The stock's fifty day simple moving average is $17.27 and its two-hundred day simple moving average is $21.15. The firm has a market capitalization of $1.67 billion, a P/E ratio of -11.95 and a beta of 1.65.

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

Perella Weinberg Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Wednesday, May 14th were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.28 annualized dividend and a yield of 1.48%. Perella Weinberg Partners's payout ratio is -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.