26,997 Shares in Perella Weinberg Partners (NASDAQ:PWP) Purchased by XTX Topco Ltd

XTX Topco Ltd purchased a new position in shares of Perella Weinberg Partners (NASDAQ:PWP - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,997 shares of the company's stock, valued at approximately $644,000.

Other large investors have also modified their holdings of the company. Quadrant Capital Group LLC raised its stake in shares of Perella Weinberg Partners by 43.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,540 shares of the company's stock worth $37,000 after purchasing an additional 470 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in Perella Weinberg Partners during the fourth quarter worth $64,000. Meeder Asset Management Inc. acquired a new position in Perella Weinberg Partners during the fourth quarter worth $179,000. KLP Kapitalforvaltning AS acquired a new position in Perella Weinberg Partners during the fourth quarter worth $248,000. Finally, Aigen Investment Management LP acquired a new position in Perella Weinberg Partners during the fourth quarter worth $311,000. Hedge funds and other institutional investors own 41.07% of the company's stock.

Analyst Ratings Changes

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

Perella Weinberg Partners Trading Up 4.2 %

Shares of PWP stock traded up $0.69 during mid-day trading on Thursday, reaching $17.20. The stock had a trading volume of 96,390 shares, compared to its average volume of 589,483. Perella Weinberg Partners has a 12-month low of $11.68 and a 12-month high of $27.03. The company has a market cap of $1.49 billion, a P/E ratio of -10.87 and a beta of 1.68. The business has a 50-day simple moving average of $19.20 and a 200 day simple moving average of $22.24.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates 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 Dividend Announcement

The business also recently disclosed 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 1.63%. The ex-dividend date was Tuesday, February 18th. Perella Weinberg Partners's dividend payout ratio 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.