First Eagle Investment Management LLC Has $9.97 Million Stock Position in Perella Weinberg Partners $PWP

First Eagle Investment Management LLC increased its holdings in Perella Weinberg Partners (NASDAQ:PWP) by 15.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 467,792 shares of the company’s stock after acquiring an additional 61,714 shares during the period. First Eagle Investment Management LLC’s holdings in Perella Weinberg Partners were worth $9,973,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. State of Alaska Department of Revenue purchased a new stake in shares of Perella Weinberg Partners in the third quarter worth approximately $53,000. Tower Research Capital LLC TRC increased its stake in Perella Weinberg Partners by 460.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,151 shares of the company’s stock valued at $100,000 after buying an additional 4,232 shares during the period. New York State Teachers Retirement System increased its stake in Perella Weinberg Partners by 16.6% in the 3rd quarter. New York State Teachers Retirement System now owns 5,510 shares of the company’s stock valued at $117,000 after buying an additional 786 shares during the period. Ameritas Investment Partners Inc. lifted its position 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 buying an additional 1,075 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Perella Weinberg Partners during the 2nd quarter valued at $197,000. Hedge funds and other institutional investors own 41.07% of the company’s stock.

Perella Weinberg Partners Stock Performance

Shares of PWP stock opened at $18.71 on Wednesday. The stock’s 50 day simple moving average is $20.40 and its 200 day simple moving average is $20.05. Perella Weinberg Partners has a twelve month low of $14.12 and a twelve month high of $25.92. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 40.67 and a beta of 1.69.

Perella Weinberg Partners (NASDAQ:PWP) last announced its quarterly earnings results on Friday, February 6th. The company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. Perella Weinberg Partners had a negative return on equity of 21.97% and a net margin of 4.69%.The company had revenue of $219.16 million for the quarter, compared to the consensus estimate of $192.84 million.

Perella Weinberg Partners Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $0.28 dividend on an annualized basis and a yield of 1.5%. Perella Weinberg Partners’s payout ratio is currently 60.87%.

Analyst Ratings Changes

PWP has been the topic of a number of research reports. Wolfe Research set a $21.00 price target on shares of Perella Weinberg Partners in a research note on Wednesday, January 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Perella Weinberg Partners in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods lifted their price target on Perella Weinberg Partners from $20.00 to $23.00 and gave the company a “market perform” rating in a report on Monday, February 9th. Wall Street Zen upgraded Perella Weinberg Partners from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. 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 note on Monday, February 9th. One investment 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $23.63.

Perella Weinberg Partners 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.