JPMorgan Chase & Co. Sells 202,171 Shares of Perella Weinberg Partners (NASDAQ:PWP)

JPMorgan Chase & Co. lessened its holdings in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 46.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 233,751 shares of the company's stock after selling 202,171 shares during the quarter. JPMorgan Chase & Co. owned 0.27% of Perella Weinberg Partners worth $5,573,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp increased its stake in shares of Perella Weinberg Partners by 4.5% during the 3rd quarter. State Street Corp now owns 1,379,418 shares of the company's stock worth $26,637,000 after purchasing an additional 59,989 shares during the last quarter. Barclays PLC boosted its holdings in Perella Weinberg Partners by 0.8% in the 3rd quarter. Barclays PLC now owns 186,387 shares of the company's stock valued at $3,600,000 after purchasing an additional 1,517 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Perella Weinberg Partners by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,257,620 shares of the company's stock worth $24,289,000 after acquiring an additional 34,301 shares during the last quarter. Kings Path Partners LLC bought a new stake in shares of Perella Weinberg Partners during the 4th quarter worth $535,000. Finally, SG Americas Securities LLC raised its position in Perella Weinberg Partners by 25.6% in the 4th quarter. SG Americas Securities LLC now owns 26,396 shares of the company's stock worth $629,000 after purchasing an additional 5,374 shares during the period. Institutional investors own 41.07% of the company's stock.

Perella Weinberg Partners Trading Up 5.8 %

NASDAQ PWP traded up $0.94 on Wednesday, hitting $17.09. 28,110 shares of the company traded hands, compared to its average volume of 589,797. The business's 50 day moving average price is $19.34 and its 200-day moving average price is $22.28. Perella Weinberg Partners has a 52-week low of $11.68 and a 52-week high of $27.03. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of -10.82 and a beta of 1.68.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.02). Perella Weinberg Partners had a negative net margin of 7.37% and a negative return on equity of 72.27%.

Perella Weinberg Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.64%. The ex-dividend date was Tuesday, February 18th. Perella Weinberg Partners's payout ratio is -17.72%.

Analyst Upgrades and Downgrades

PWP has been the topic of a number of research reports. Keefe, Bruyette & Woods lifted their target price on shares of Perella Weinberg Partners from $27.00 to $29.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. The Goldman Sachs Group lowered their price objective on Perella Weinberg Partners from $20.00 to $18.00 and set a "sell" rating for the company in a research note on Wednesday, April 2nd. Finally, JMP Securities reduced their target price on Perella Weinberg Partners from $33.00 to $29.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th.

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.