Aristotle Capital Boston LLC bought a new stake in shares of Perella Weinberg Partners (NASDAQ:PWP – Free Report) during the 4th quarter, Holdings Channel reports. The firm bought 487,464 shares of the company’s stock, valued at approximately $8,433,000.
Several other institutional investors and hedge funds also recently bought and sold shares of the stock. William Blair Investment Management LLC lifted its position in Perella Weinberg Partners by 10.6% during the fourth quarter. William Blair Investment Management LLC now owns 3,946,163 shares of the company’s stock valued at $68,269,000 after purchasing an additional 379,652 shares in the last quarter. Vanguard Group Inc. lifted its position in Perella Weinberg Partners by 6.9% during the fourth quarter. Vanguard Group Inc. now owns 3,722,756 shares of the company’s stock valued at $64,404,000 after purchasing an additional 241,363 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its position in Perella Weinberg Partners by 73.5% during the second quarter. Adage Capital Partners GP L.L.C. now owns 3,136,484 shares of the company’s stock valued at $60,911,000 after purchasing an additional 1,328,312 shares in the last quarter. Nuveen LLC lifted its position in Perella Weinberg Partners by 29.2% during the fourth quarter. Nuveen LLC now owns 2,861,405 shares of the company’s stock valued at $49,502,000 after purchasing an additional 646,143 shares in the last quarter. Finally, State Street Corp lifted its position in Perella Weinberg Partners by 2.2% during the fourth quarter. State Street Corp now owns 1,798,302 shares of the company’s stock valued at $31,111,000 after purchasing an additional 39,544 shares in the last quarter. 41.07% of the stock is currently owned by hedge funds and other institutional investors.
Perella Weinberg Partners Trading Down 3.1%
Shares of PWP stock opened at $15.98 on Thursday. Perella Weinberg Partners has a 12-month low of $14.54 and a 12-month high of $25.92. The stock’s 50-day moving average price is $18.63 and its 200-day moving average price is $18.94. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 66.58 and a beta of 1.64.
Perella Weinberg Partners Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, June 1st. Perella Weinberg Partners’s payout ratio is 116.67%.
Insider Activity
In other news, CFO Alexandra Gottschalk sold 14,018 shares of Perella Weinberg Partners stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $17.46, for a total value of $244,754.28. Following the sale, the chief financial officer directly owned 72,492 shares of the company’s stock, valued at approximately $1,265,710.32. The trade was a 16.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 109,477 shares of company stock valued at $2,034,533 over the last quarter. Insiders own 26.10% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on PWP shares. The Goldman Sachs Group set a $16.00 price objective on Perella Weinberg Partners in a research report on Friday, June 12th. Citizens Jmp lowered their price objective on Perella Weinberg Partners from $32.00 to $30.00 and set a “market outperform” rating on the stock in a research report on Friday, April 10th. Weiss Ratings upgraded Perella Weinberg Partners from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 9th. Finally, Keefe, Bruyette & Woods boosted their price objective on Perella Weinberg Partners from $21.00 to $23.50 and gave the company an “outperform” rating in a research report on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $22.63.
View Our Latest Analysis on PWP
About Perella Weinberg Partners
Perella Weinberg Partners L.P. is a global, partner-led advisory firm specializing in strategic and financial counsel. Founded in 2006 by Joseph R. Perella and Peter Weinberg—both veterans of leading Wall Street institutions—the firm delivers independent advice on mergers and acquisitions, financing, restructuring and capital markets. As an independent entity, it emphasizes senior banker involvement throughout every transaction, ensuring clients benefit from depth of experience and continuity of service.
The firm’s core offerings encompass M&A advisory, debt and equity financing, corporate restructuring and capital markets solutions.
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