Venturi Wealth Management LLC Acquires New Holdings in Perella Weinberg Partners (NASDAQ:PWP)

Venturi Wealth Management LLC acquired a new stake in shares of Perella Weinberg Partners (NASDAQ:PWP) during the fourth quarter, HoldingsChannel reports. The firm acquired 2,689 shares of the company’s stock, valued at approximately $64,000.

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

Analysts Set New Price Targets

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

Perella Weinberg Partners Trading Down 2.4 %

Shares of PWP opened at $22.93 on Tuesday. The business’s 50-day moving average price is $24.30 and its 200 day moving average price is $22.47. The stock has a market capitalization of $2.02 billion, a P/E ratio of -14.51 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.

Perella Weinberg Partners (NASDAQ:PWP) last issued its quarterly 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 return on equity of 72.27% and a negative net margin of 7.37%.

Perella Weinberg Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 18th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.28 dividend on an annualized basis and a yield of 1.22%. Perella Weinberg Partners’s dividend payout ratio is currently -17.72%.

Perella Weinberg Partners Company 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.