Perella Weinberg Partners $PWP Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its stake in shares of Perella Weinberg Partners (NASDAQ:PWP) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,481,393 shares of the company’s stock after selling 52,611 shares during the quarter. Vanguard Group Inc.’s holdings in Perella Weinberg Partners were worth $74,223,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. AQR Capital Management LLC boosted its position in Perella Weinberg Partners by 79.1% during the 1st quarter. AQR Capital Management LLC now owns 23,435 shares of the company’s stock valued at $431,000 after purchasing an additional 10,350 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Perella Weinberg Partners by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,745 shares of the company’s stock worth $566,000 after buying an additional 1,342 shares during the period. Jane Street Group LLC bought a new stake in Perella Weinberg Partners in the first quarter valued at $2,577,000. Teacher Retirement System of Texas bought a new stake in Perella Weinberg Partners in the second quarter valued at $197,000. Finally, First Eagle Investment Management LLC boosted its holdings in shares of Perella Weinberg Partners by 5.5% during the second quarter. First Eagle Investment Management LLC now owns 406,078 shares of the company’s stock valued at $7,886,000 after acquiring an additional 21,000 shares during the period. 41.07% of the stock is currently owned by institutional investors and hedge funds.

Perella Weinberg Partners Stock Performance

NASDAQ:PWP opened at $17.20 on Friday. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 37.39 and a beta of 1.69. Perella Weinberg Partners has a 1 year low of $14.12 and a 1 year high of $25.92. The business has a fifty day moving average of $20.43 and a 200-day moving average of $20.00.

Perella Weinberg Partners (NASDAQ:PWP) last issued its quarterly earnings data on Friday, February 6th. The company reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. The business had revenue of $219.16 million for the quarter, compared to analysts’ expectations of $192.84 million. Perella Weinberg Partners had a net margin of 4.69% and a negative return on equity of 25.81%.

Perella Weinberg Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 9th. Shareholders of record on Tuesday, February 17th 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 1.6%. The ex-dividend date is Tuesday, February 17th. Perella Weinberg Partners’s payout ratio is 60.87%.

Analysts Set New Price Targets

PWP has been the subject of several recent research reports. The Goldman Sachs Group upped their price target on shares of Perella Weinberg Partners from $19.00 to $21.50 and gave the stock a “sell” rating in a research report on Monday, February 9th. Wolfe Research set a $21.00 target price on shares of Perella Weinberg Partners in a research note on Wednesday, January 7th. Keefe, Bruyette & Woods upped their target price on shares of Perella Weinberg Partners from $20.00 to $23.00 and gave the stock a “market perform” rating in a research report on Monday, February 9th. Wall Street Zen upgraded shares of Perella Weinberg Partners from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Perella Weinberg Partners in a report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $23.63.

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.