Wellington Management Group LLP Has $31.39 Million Stock Holdings in Perella Weinberg Partners (NASDAQ:PWP)

Wellington Management Group LLP boosted its position in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 13.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,316,562 shares of the company's stock after purchasing an additional 158,957 shares during the period. Wellington Management Group LLP owned approximately 1.52% of Perella Weinberg Partners worth $31,387,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. FMR LLC grew its holdings in Perella Weinberg Partners by 3.8% during the 4th quarter. FMR LLC now owns 8,181,941 shares of the company's stock worth $195,057,000 after acquiring an additional 301,587 shares in the last quarter. Vanguard Group Inc. grew its holdings 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 worth $75,426,000 after acquiring an additional 260,319 shares in the last quarter. Azora Capital LP grew its holdings in Perella Weinberg Partners by 3.4% during the 4th quarter. Azora Capital LP now owns 2,492,789 shares of the company's stock worth $59,428,000 after acquiring an additional 81,747 shares in the last quarter. Westwood Holdings Group Inc. grew its holdings in Perella Weinberg Partners by 0.8% during the 4th quarter. Westwood Holdings Group Inc. now owns 2,112,393 shares of the company's stock worth $50,359,000 after acquiring an additional 15,961 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Perella Weinberg Partners by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 1,281,969 shares of the company's stock worth $30,569,000 after acquiring an additional 24,349 shares in the last quarter. 41.07% of the stock is owned by institutional investors and hedge funds.

Perella Weinberg Partners Trading Down 1.3%

Shares of PWP stock traded down $0.22 on Wednesday, reaching $17.37. The company had a trading volume of 226,736 shares, compared to its average volume of 644,195. The company has a 50-day moving average of $17.28 and a 200-day moving average of $21.39. Perella Weinberg Partners has a 12 month low of $13.82 and a 12 month high of $27.03. The stock has a market cap of $1.54 billion, a PE ratio of -10.99 and a beta of 1.69.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate 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 company 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. The ex-dividend date was Wednesday, May 14th. This represents a $0.28 annualized dividend and a dividend yield of 1.61%. Perella Weinberg Partners's dividend payout ratio is presently -65.12%.

Wall Street Analysts Forecast Growth

PWP has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of Perella Weinberg Partners from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. JMP Securities lowered their price objective 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. The Goldman Sachs Group lifted 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. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Perella Weinberg Partners from $24.00 to $22.00 and set an "outperform" rating for the company in a report on Monday, May 12th.

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.