Jump Financial LLC Purchases 21,602 Shares of Perella Weinberg Partners (NASDAQ:PWP)

Jump Financial LLC boosted its position in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 181.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,502 shares of the company's stock after purchasing an additional 21,602 shares during the period. Jump Financial LLC's holdings in Perella Weinberg Partners were worth $799,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Perella Weinberg Partners during the fourth quarter valued at approximately $18,493,000. Channing Capital Management LLC acquired a new stake in Perella Weinberg Partners in the fourth quarter valued at $16,207,000. Franklin Resources Inc. bought a new position in shares of Perella Weinberg Partners in the 4th quarter valued at about $13,586,000. Walleye Capital LLC acquired a new position in shares of Perella Weinberg Partners during the 4th quarter worth about $10,307,000. Finally, Cannell & Spears LLC acquired a new stake in Perella Weinberg Partners in the 4th quarter valued at about $8,881,000. Institutional investors and hedge funds own 41.07% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on PWP shares. The Goldman Sachs Group reduced their target price 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. Keefe, Bruyette & Woods increased their price objective on shares of Perella Weinberg Partners from $27.00 to $29.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Finally, JMP Securities reduced their target price on shares of 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 Trading Up 0.4 %

PWP stock traded up $0.06 during trading hours on Friday, hitting $16.89. 850,233 shares of the stock were exchanged, compared to its average volume of 593,724. Perella Weinberg Partners has a 12 month low of $11.68 and a 12 month high of $27.03. The firm has a market capitalization of $1.47 billion, a P/E ratio of -10.69 and a beta of 1.68. The company has a 50-day simple moving average of $18.92 and a two-hundred day simple moving average of $22.23.

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

Perella Weinberg Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Tuesday, February 18th. Perella Weinberg Partners's dividend payout ratio is currently -17.72%.

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.