Perella Weinberg Partners (NASDAQ:PWP) Shares Acquired 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 raised its holdings in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 21.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 91,898 shares of the company's stock after purchasing 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 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PWP. Quadrant Capital Group LLC increased its position 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 valued at $37,000 after purchasing an additional 470 shares during the period. Venturi Wealth Management LLC purchased a new position in Perella Weinberg Partners during the 4th quarter valued at about $64,000. Meeder Asset Management Inc. bought a new stake in shares of Perella Weinberg Partners in the 4th quarter valued at about $179,000. State of Wyoming boosted its holdings in shares of 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 buying an additional 5,697 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Perella Weinberg Partners in the 4th quarter valued at about $248,000. Hedge funds and other institutional investors own 41.07% of the company's stock.

Wall Street Analyst Weigh In

PWP has been the topic of a number of recent analyst reports. 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 lowered 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 report on Monday, May 12th. The Goldman Sachs Group raised 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. Finally, 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.

Perella Weinberg Partners Stock Performance

PWP stock traded up $0.90 during trading on Friday, reaching $18.65. The company had a trading volume of 968,128 shares, compared to its average volume of 652,604. The firm has a 50-day simple moving average of $17.25 and a 200-day simple moving average of $21.24. The company has a market cap of $1.65 billion, a price-to-earnings ratio of -11.80 and a beta of 1.65. 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 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.07. The company had revenue of $211.83 million during the quarter, compared to analysts' expectations 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 period last year, the business earned ($0.10) EPS.

Perella Weinberg Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors 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 1.50%. The ex-dividend date was Wednesday, May 14th. Perella Weinberg Partners's dividend payout ratio (DPR) 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.