Wellington Management Group LLP Increases Stock Position in Perella Weinberg Partners (NASDAQ:PWP)

Wellington Management Group LLP boosted its holdings in Perella Weinberg Partners (NASDAQ:PWP) by 13.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,316,562 shares of the company’s stock after buying an additional 158,957 shares during the period. Wellington Management Group LLP’s holdings in Perella Weinberg Partners were worth $31,387,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of PWP. Vanguard Group Inc. boosted its holdings in shares of Perella Weinberg Partners by 9.0% in the fourth quarter. Vanguard Group Inc. now owns 3,163,844 shares of the company’s stock worth $75,426,000 after acquiring an additional 260,319 shares during the period. State Street Corp boosted its stake in Perella Weinberg Partners by 4.5% in the 3rd quarter. State Street Corp now owns 1,379,418 shares of the company’s stock worth $26,637,000 after purchasing an additional 59,989 shares during the period. Geode Capital Management LLC boosted its stake in Perella Weinberg Partners by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,257,620 shares of the company’s stock worth $24,289,000 after purchasing an additional 34,301 shares during the period. William Blair Investment Management LLC grew its holdings in Perella Weinberg Partners by 2.5% during the 4th quarter. William Blair Investment Management LLC now owns 1,236,570 shares of the company’s stock valued at $29,480,000 after buying an additional 30,441 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Perella Weinberg Partners during the fourth quarter valued at about $18,493,000. Institutional investors own 41.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Perella Weinberg Partners from $27.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. The Goldman Sachs Group cut their price target on shares of Perella Weinberg Partners from $20.00 to $18.00 and set a “sell” rating for the company in a report on Wednesday, April 2nd.

Perella Weinberg Partners Stock Down 6.4 %

NASDAQ:PWP opened at $15.89 on Monday. The stock has a market cap of $1.38 billion, a P/E ratio of -10.06 and a beta of 1.68. The business’s 50-day moving average price is $21.84 and its two-hundred day moving average price is $22.67. Perella Weinberg Partners has a twelve month low of $11.68 and a twelve month high of $27.03.

Perella Weinberg Partners (NASDAQ:PWP) last announced its earnings results on Friday, February 7th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date was Tuesday, February 18th. Perella Weinberg Partners’s dividend payout ratio is currently -17.72%.

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.