William Blair Investment Management LLC Increases Stake in Perella Weinberg Partners $PWP

William Blair Investment Management LLC grew its stake in Perella Weinberg Partners (NASDAQ:PWP) by 57.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,566,511 shares of the company’s stock after purchasing an additional 1,298,246 shares during the period. William Blair Investment Management LLC owned about 4.08% of Perella Weinberg Partners worth $76,038,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue purchased a new stake in Perella Weinberg Partners during the third quarter worth $53,000. CWM LLC raised its position in shares of Perella Weinberg Partners by 162.4% in the second quarter. CWM LLC now owns 3,936 shares of the company’s stock worth $76,000 after acquiring an additional 2,436 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Perella Weinberg Partners by 460.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,151 shares of the company’s stock worth $100,000 after acquiring an additional 4,232 shares in the last quarter. New York State Teachers Retirement System grew its position in shares of Perella Weinberg Partners by 16.6% during the 3rd quarter. New York State Teachers Retirement System now owns 5,510 shares of the company’s stock valued at $117,000 after acquiring an additional 786 shares during the period. Finally, Ameritas Investment Partners Inc. raised its holdings in Perella Weinberg Partners by 20.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,225 shares of the company’s stock worth $121,000 after purchasing an additional 1,075 shares during the period. 41.07% of the stock is owned by hedge funds and other institutional investors.

Perella Weinberg Partners Stock Down 5.3%

Shares of PWP opened at $18.51 on Monday. Perella Weinberg Partners has a 52-week low of $14.12 and a 52-week high of $25.92. The stock has a market cap of $1.64 billion, a PE ratio of 40.24 and a beta of 1.69. The firm’s fifty day moving average is $20.34 and its two-hundred day moving average is $20.10.

Perella Weinberg Partners (NASDAQ:PWP) last posted its quarterly earnings results on Friday, February 6th. The company reported $0.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.17. The firm had revenue of $219.16 million for the quarter, compared to analyst estimates of $192.84 million. Perella Weinberg Partners had a net margin of 4.69% and a negative return on equity of 21.97%.

Perella Weinberg Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 9th. Stockholders of record on Tuesday, February 17th will be issued a dividend of $0.07 per share. The ex-dividend date is Tuesday, February 17th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.5%. Perella Weinberg Partners’s dividend payout ratio (DPR) is currently 60.87%.

Analyst Ratings Changes

Several brokerages have commented on PWP. Wall Street Zen raised Perella Weinberg Partners from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Wolfe Research set a $21.00 target price on Perella Weinberg Partners in a research report on Wednesday, January 7th. Keefe, Bruyette & Woods boosted their price target on shares of Perella Weinberg Partners from $20.00 to $23.00 and gave the stock a “market perform” rating in a report on Monday, February 9th. Weiss Ratings restated a “hold (c)” rating on shares of Perella Weinberg Partners in a research report on Thursday, January 22nd. Finally, The Goldman Sachs Group lifted their target price on shares of Perella Weinberg Partners from $19.00 to $21.50 and gave the company a “sell” rating in a research report on Monday, February 9th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Perella Weinberg Partners has a consensus rating of “Hold” and a consensus target price of $23.63.

Perella Weinberg Partners Company Profile

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.