ProShare Advisors LLC Makes New $347,000 Investment in Perella Weinberg Partners (NASDAQ:PWP)

ProShare Advisors LLC acquired a new position in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 14,568 shares of the company's stock, valued at approximately $347,000.

Several other large investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets acquired a new stake in shares of Perella Weinberg Partners during the 4th quarter worth $413,000. Barclays PLC grew its holdings in shares of Perella Weinberg Partners by 8.7% during 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 grew its holdings in shares of Perella Weinberg Partners by 181.5% during 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. Deutsche Bank AG grew its holdings in shares of Perella Weinberg Partners by 53.6% during the 4th quarter. Deutsche Bank AG now owns 45,179 shares of the company's stock worth $1,077,000 after purchasing an additional 15,763 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Perella Weinberg Partners by 47.6% during 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. Institutional investors own 41.07% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on PWP shares. JMP Securities reduced their target price on 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. Wall Street Zen lowered Perella Weinberg Partners from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. The Goldman Sachs Group raised their price objective on 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, Keefe, Bruyette & Woods reduced 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.

Perella Weinberg Partners Price Performance

NASDAQ:PWP traded up $0.12 during trading hours on Monday, hitting $17.49. The company's stock had a trading volume of 707,177 shares, compared to its average volume of 642,553. The stock has a fifty day simple moving average of $17.30 and a 200-day simple moving average of $21.42. The company has a market capitalization of $1.55 billion, a P/E ratio of -11.07 and a beta of 1.69. 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 posted its 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 return on equity of 72.27% and a negative net margin of 7.37%. The firm had revenue of $211.83 million during the quarter, compared to the consensus estimate of $200.29 million. During the same period last year, the company earned ($0.10) earnings per share.

Perella Weinberg Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Wednesday, May 14th were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, May 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.60%. Perella Weinberg Partners's dividend payout ratio (DPR) is -65.12%.

About Perella Weinberg Partners

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.