Perella Weinberg Partners (NASDAQ:PWP) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund raised its holdings in shares of Perella Weinberg Partners (NASDAQ:PWP) by 952.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 169,027 shares of the company’s stock after purchasing an additional 152,972 shares during the period. New York State Common Retirement Fund’s holdings in Perella Weinberg Partners were worth $4,030,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in PWP. US Bancorp DE acquired a new position in shares of Perella Weinberg Partners during the third quarter worth $325,000. Harbor Capital Advisors Inc. grew its holdings in shares of Perella Weinberg Partners by 72.6% during the third quarter. Harbor Capital Advisors Inc. now owns 49,728 shares of the company’s stock valued at $960,000 after buying an additional 20,923 shares during the last quarter. Royce & Associates LP grew its holdings in shares of Perella Weinberg Partners by 14.3% during the third quarter. Royce & Associates LP now owns 1,179,111 shares of the company’s stock valued at $22,769,000 after buying an additional 147,424 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of Perella Weinberg Partners during the third quarter valued at $197,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Perella Weinberg Partners by 197.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 434,005 shares of the company’s stock valued at $8,381,000 after buying an additional 288,186 shares during the last quarter. 41.07% of the stock is owned by institutional investors and hedge funds.

Perella Weinberg Partners Price Performance

Shares of PWP opened at $23.11 on Friday. The firm has a market capitalization of $2.04 billion, a PE ratio of -14.63 and a beta of 1.59. Perella Weinberg Partners has a 1-year low of $11.68 and a 1-year high of $27.03. The company’s fifty day moving average price is $24.22 and its 200-day moving average price is $22.54.

Perella Weinberg Partners (NASDAQ:PWP) last posted its quarterly earnings results on Friday, February 7th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.02). Perella Weinberg Partners had a negative net margin of 7.37% and a negative return on equity of 72.27%.

Perella Weinberg Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.21%. The ex-dividend date is Tuesday, February 18th. Perella Weinberg Partners’s payout ratio is -17.72%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods boosted their price objective on shares of Perella Weinberg Partners from $27.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, February 10th.

Perella Weinberg Partners 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.