Interval Partners LP Has $4.26 Million Stock Position in Perella Weinberg Partners (NASDAQ:PWP)

Interval Partners LP increased its stake in Perella Weinberg Partners (NASDAQ:PWP - Free Report) by 15.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,602 shares of the company's stock after acquiring an additional 23,324 shares during the period. Interval Partners LP owned approximately 0.20% of Perella Weinberg Partners worth $4,258,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in PWP. JPMorgan Chase & Co. boosted its holdings in Perella Weinberg Partners by 49.4% during the third quarter. JPMorgan Chase & Co. now owns 435,922 shares of the company's stock worth $8,418,000 after buying an additional 144,222 shares in the last quarter. Barclays PLC boosted its holdings in Perella Weinberg Partners by 8.7% during the fourth quarter. Barclays PLC now owns 202,517 shares of the company's stock worth $4,828,000 after buying an additional 16,130 shares in the last quarter. Jump Financial LLC boosted its holdings in Perella Weinberg Partners by 181.5% during the fourth quarter. Jump Financial LLC now owns 33,502 shares of the company's stock worth $799,000 after buying an additional 21,602 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Perella Weinberg Partners by 47.6% during the fourth quarter. Bank of New York Mellon Corp now owns 190,553 shares of the company's stock worth $4,543,000 after buying an additional 61,428 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Perella Weinberg Partners by 9.0% during the fourth quarter. Vanguard Group Inc. now owns 3,163,844 shares of the company's stock worth $75,426,000 after buying an additional 260,319 shares in the last quarter. 41.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on PWP. The Goldman Sachs Group upped their price target on shares of Perella Weinberg Partners from $16.00 to $18.00 and gave the company a "sell" rating in a research report on Thursday. 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. Finally, Keefe, Bruyette & Woods lowered their price target on Perella Weinberg Partners from $24.00 to $22.00 and set an "outperform" rating on the stock in a report on Monday, May 12th.

Perella Weinberg Partners Stock Performance

Shares of NASDAQ PWP traded up $0.16 during mid-day trading on Friday, reaching $19.13. The company had a trading volume of 968,577 shares, compared to its average volume of 633,783. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of -12.11 and a beta of 1.69. The stock has a fifty day moving average of $17.71 and a two-hundred day moving average of $21.87. Perella Weinberg Partners has a 12-month low of $13.82 and a 12-month high of $27.03.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.07. The firm had revenue of $211.83 million for the quarter, compared to analyst estimates 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Wednesday, May 14th will be paid a $0.07 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $0.28 annualized dividend and a yield of 1.46%. Perella Weinberg Partners's dividend payout ratio is presently -65.12%.

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.