Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 40,629 Perella Weinberg Partners (NASDAQ:PWP)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has made a new investment of $748,000 in Perella Weinberg Partners, purchasing 40,629 shares of the company's stock.
• Multiple institutional investors, including FMR LLC and Vanguard Group Inc., have increased their stakes in Perella Weinberg Partners, signaling strong interest in the firm.
• Perella Weinberg reported a loss in earnings for the last quarter, with an EPS of $0.09, missing the consensus estimate of $0.16, and a revenue of $155.27 million, lower than expected.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Perella Weinberg Partners (NASDAQ:PWP - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 40,629 shares of the company's stock, valued at approximately $748,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Perella Weinberg Partners during the fourth quarter valued at about $18,493,000. New York State Common Retirement Fund raised its holdings in Perella Weinberg Partners by 402.6% in the 1st quarter. New York State Common Retirement Fund now owns 849,590 shares of the company's stock valued at $15,632,000 after acquiring an additional 680,563 shares in the last quarter. Franklin Resources Inc. acquired a new position in Perella Weinberg Partners in the 4th quarter valued at approximately $13,586,000. Walleye Capital LLC acquired a new position in Perella Weinberg Partners in the 4th quarter valued at approximately $10,307,000. Finally, Emerald Advisers LLC acquired a new position in shares of Perella Weinberg Partners in the first quarter valued at $7,420,000. Institutional investors and hedge funds own 41.07% of the company's stock.

Perella Weinberg Partners Stock Performance

NASDAQ PWP traded up $0.88 during trading on Monday, hitting $21.85. 1,820,358 shares of the company's stock traded hands, compared to its average volume of 944,857. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 26.65 and a beta of 1.66. The business has a 50 day moving average of $19.24 and a 200-day moving average of $19.88. Perella Weinberg Partners has a 12-month low of $14.12 and a 12-month high of $27.03.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.07). The company had revenue of $155.27 million for the quarter, compared to analysts' expectations of $188.06 million. Perella Weinberg Partners had a net margin of 6.57% and a negative return on equity of 25.25%.

Perella Weinberg Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 29th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.28 annualized dividend and a dividend yield of 1.3%. Perella Weinberg Partners's dividend payout ratio (DPR) is presently 34.15%.

Analysts Set New Price Targets

PWP has been the topic of several research analyst reports. Wall Street Zen cut shares of Perella Weinberg Partners from a "buy" rating to a "hold" rating in a research note on Saturday, July 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 research note on Thursday, May 15th. Keefe, Bruyette & Woods lifted their target price on Perella Weinberg Partners from $23.00 to $24.00 and gave the stock a "market perform" rating in a report on Monday. Finally, JMP Securities dropped their price target 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.

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.