Perella Weinberg Partners (NASDAQ:PWP) Stock Holdings Boosted by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. grew its position in Perella Weinberg Partners (NASDAQ:PWP) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,112,393 shares of the company’s stock after purchasing an additional 15,961 shares during the period. Westwood Holdings Group Inc. owned approximately 2.40% of Perella Weinberg Partners worth $50,359,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in Perella Weinberg Partners during the 4th quarter valued at $18,493,000. Channing Capital Management LLC bought a new position in Perella Weinberg Partners during the fourth quarter valued at about $16,207,000. Franklin Resources Inc. acquired a new position in Perella Weinberg Partners during the fourth quarter worth about $13,586,000. Walleye Capital LLC bought a new stake in Perella Weinberg Partners in the fourth quarter worth about $10,307,000. Finally, Cannell & Spears LLC bought a new stake in Perella Weinberg Partners in the fourth quarter worth about $8,881,000. Institutional investors own 41.07% of the company’s stock.

Analyst Upgrades and Downgrades

PWP has been the subject of several research reports. JMP Securities reduced their price objective on shares of Perella Weinberg Partners from $33.00 to $29.00 and set a “market outperform” rating for the company in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods dropped 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. Finally, The Goldman Sachs Group lifted their target price on Perella Weinberg Partners from $16.00 to $18.00 and gave the stock a “sell” rating in a report on Thursday.

Perella Weinberg Partners Trading Up 0.8%

NASDAQ:PWP opened at $19.13 on Monday. The business’s fifty day moving average price is $17.71 and its 200 day moving average price is $21.88. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of -12.11 and a beta of 1.69. Perella Weinberg Partners has a 1-year low of $13.82 and a 1-year high of $27.03.

Perella Weinberg Partners (NASDAQ:PWP) last issued its earnings results on Friday, May 2nd. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.07. Perella Weinberg Partners had a negative return on equity of 72.27% and a negative net margin of 7.37%. The company had revenue of $211.83 million for the quarter, compared to analyst estimates of $200.29 million. During the same period in the prior year, the firm posted ($0.10) EPS.

Perella Weinberg Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Wednesday, May 14th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Wednesday, May 14th. Perella Weinberg Partners’s dividend payout ratio is currently -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.