Invesco Ltd. Cuts Stock Position in Perella Weinberg Partners (NASDAQ:PWP)

Invesco Ltd. lessened its position in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 9.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 263,739 shares of the company's stock after selling 27,794 shares during the period. Invesco Ltd. owned approximately 0.30% of Perella Weinberg Partners worth $6,288,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quadrant Capital Group LLC lifted its holdings in shares of Perella Weinberg Partners by 43.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,540 shares of the company's stock worth $37,000 after acquiring an additional 470 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in Perella Weinberg Partners during the fourth quarter valued at about $64,000. Meeder Asset Management Inc. purchased a new stake in Perella Weinberg Partners during the fourth quarter valued at about $179,000. KLP Kapitalforvaltning AS bought a new position in shares of Perella Weinberg Partners during the fourth quarter valued at about $248,000. Finally, Aigen Investment Management LP purchased a new position in shares of Perella Weinberg Partners in the fourth quarter worth about $311,000. 41.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. The Goldman Sachs Group reduced their price target on Perella Weinberg Partners from $20.00 to $18.00 and set a "sell" rating on the stock in a research report on Wednesday, April 2nd. JMP Securities cut their target price 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. Finally, Keefe, Bruyette & Woods upped their price target on shares of Perella Weinberg Partners from $27.00 to $29.00 and gave the company an "outperform" rating in a report on Monday, February 10th.

Perella Weinberg Partners Trading Up 0.6 %

NASDAQ PWP traded up $0.11 on Thursday, hitting $17.28. The company's stock had a trading volume of 160,354 shares, compared to its average volume of 598,013. The firm has a market cap of $1.50 billion, a P/E ratio of -10.93 and a beta of 1.68. Perella Weinberg Partners has a 52-week low of $11.68 and a 52-week high of $27.03. The company's 50-day simple moving average is $18.52 and its 200 day simple moving average is $22.13.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last released its quarterly earnings results on Friday, February 7th. The company reported $0.26 earnings per share 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were issued a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.28 annualized dividend and a yield of 1.62%. Perella Weinberg Partners's dividend payout ratio (DPR) is presently -17.72%.

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.