Perella Weinberg Partners (NASDAQ:PWP) Shares Bought by Northern Trust Corp

Northern Trust Corp increased its position in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 3.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 489,964 shares of the company's stock after purchasing an additional 18,590 shares during the period. Northern Trust Corp owned approximately 0.56% of Perella Weinberg Partners worth $11,681,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Barclays PLC raised its holdings in shares of 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 in the last quarter. SG Americas Securities LLC increased its stake in Perella Weinberg Partners by 25.6% during the 4th quarter. SG Americas Securities LLC now owns 26,396 shares of the company's stock valued at $629,000 after purchasing an additional 5,374 shares in the last quarter. Calamos Advisors LLC acquired a new position in Perella Weinberg Partners during the 4th quarter valued at approximately $2,231,000. Kingsview Wealth Management LLC purchased a new stake in shares of Perella Weinberg Partners in the 4th quarter valued at $2,293,000. Finally, Rhumbline Advisers boosted its holdings in shares of Perella Weinberg Partners by 1.2% in the 4th quarter. Rhumbline Advisers now owns 70,861 shares of the company's stock valued at $1,689,000 after acquiring an additional 854 shares during the last quarter. 41.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. JMP Securities lowered their price target on shares of Perella Weinberg Partners from $33.00 to $29.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Keefe, Bruyette & Woods reduced their target price on shares of Perella Weinberg Partners from $24.00 to $22.00 and set an "outperform" rating on the stock in a research note on Monday, May 12th. Finally, 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 note on Thursday, May 15th.

Perella Weinberg Partners Price Performance

Shares of NASDAQ:PWP traded down $0.01 during trading on Thursday, hitting $17.64. 743,718 shares of the company were exchanged, compared to its average volume of 636,701. The stock has a market capitalization of $1.56 billion, a P/E ratio of -11.16 and a beta of 1.69. Perella Weinberg Partners has a 12-month low of $13.82 and a 12-month high of $27.03. The firm's 50 day moving average price is $17.61 and its 200-day moving average price is $21.79.

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 analysts' consensus estimates of $0.21 by $0.07. The firm 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 quarter in the prior year, the business earned ($0.10) EPS.

Perella Weinberg Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.28 annualized dividend and a yield of 1.59%. Perella Weinberg Partners's dividend payout ratio (DPR) is currently -65.12%.

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.