Perella Weinberg Partners (NASDAQ:PWP) Shares Bought by First Eagle Investment Management LLC

First Eagle Investment Management LLC increased its position in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 34.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 249,878 shares of the company's stock after buying an additional 63,575 shares during the period. First Eagle Investment Management LLC owned 0.29% of Perella Weinberg Partners worth $3,056,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Perella Weinberg Partners by 3.8% during the third quarter. FMR LLC now owns 5,780,259 shares of the company's stock worth $58,843,000 after purchasing an additional 210,342 shares during the period. Adage Capital Partners GP L.L.C. grew its position in shares of Perella Weinberg Partners by 2.2% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 2,818,614 shares of the company's stock worth $28,693,000 after purchasing an additional 61,333 shares in the last quarter. Boston Partners grew its position in shares of Perella Weinberg Partners by 14.0% during the 3rd quarter. Boston Partners now owns 345,337 shares of the company's stock worth $3,515,000 after purchasing an additional 42,400 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Perella Weinberg Partners during the fourth quarter worth approximately $137,000. Finally, Schroder Investment Management Group raised its position in shares of Perella Weinberg Partners by 0.4% in the third quarter. Schroder Investment Management Group now owns 2,294,531 shares of the company's stock valued at $23,358,000 after buying an additional 9,366 shares in the last quarter. 41.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $16.00 price objective on shares of Perella Weinberg Partners in a report on Monday, January 29th. JMP Securities increased their price objective on shares of Perella Weinberg Partners from $18.00 to $22.00 and gave the stock a "market outperform" rating in a research note on Tuesday, April 9th.

Perella Weinberg Partners Stock Up 1.2 %

Shares of PWP stock traded up $0.19 during trading hours on Friday, reaching $15.53. The company's stock had a trading volume of 322,409 shares, compared to its average volume of 552,424. Perella Weinberg Partners has a fifty-two week low of $7.64 and a fifty-two week high of $16.07. The firm's 50 day simple moving average is $14.74 and its 200-day simple moving average is $12.89. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of -8.35 and a beta of 1.52.

Perella Weinberg Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Tuesday, May 28th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Friday, May 24th. Perella Weinberg Partners's dividend payout ratio (DPR) is presently -15.05%.

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.