Bleakley Financial Group LLC Increases Stock Position in Perella Weinberg Partners (NASDAQ:PWP)

Bleakley Financial Group LLC increased its position in Perella Weinberg Partners (NASDAQ:PWP) by 15.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,572 shares of the company’s stock after purchasing an additional 2,436 shares during the quarter. Bleakley Financial Group LLC’s holdings in Perella Weinberg Partners were worth $227,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allworth Financial LP purchased a new position in shares of Perella Weinberg Partners in the fourth quarter valued at $44,000. Quarry LP acquired a new stake in Perella Weinberg Partners in the first quarter valued at $35,000. Quantbot Technologies LP acquired a new stake in Perella Weinberg Partners in the third quarter valued at $62,000. Legato Capital Management LLC acquired a new stake in Perella Weinberg Partners in the second quarter valued at $89,000. Finally, Jane Street Group LLC acquired a new stake in Perella Weinberg Partners in the third quarter valued at $69,000. 41.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $11.50 price target (down from $14.00) on shares of Perella Weinberg Partners in a report on Tuesday, January 9th. JMP Securities increased their target price on shares of Perella Weinberg Partners from $18.00 to $22.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $16.00 target price on shares of Perella Weinberg Partners in a report on Monday, January 29th.

Perella Weinberg Partners Stock Performance

Shares of NASDAQ:PWP opened at $15.11 on Tuesday. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of -11.45 and a beta of 1.59. Perella Weinberg Partners has a 1-year low of $6.80 and a 1-year high of $16.07. The company’s fifty day moving average is $13.70 and its two-hundred day moving average is $12.00.

Perella Weinberg Partners (NASDAQ:PWP) last issued its earnings results on Thursday, February 8th. The company reported $0.08 earnings per share for the quarter. The company had revenue of $212.68 million for the quarter. Perella Weinberg Partners had a negative net margin of 2.66% and a positive return on equity of 34.39%.

Perella Weinberg Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 28th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.28 annualized dividend and a dividend yield of 1.85%. Perella Weinberg Partners’s dividend payout ratio is currently -21.21%.

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.