SG Americas Securities LLC Invests $137,000 in Perella Weinberg Partners (NASDAQ:PWP)

SG Americas Securities LLC bought a new stake in Perella Weinberg Partners (NASDAQ:PWP) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 11,189 shares of the company’s stock, valued at approximately $137,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quarry LP bought a new stake in shares of Perella Weinberg Partners in the 1st quarter valued at about $35,000. Quantbot Technologies LP bought a new stake in shares of Perella Weinberg Partners in the 3rd quarter valued at about $62,000. Jane Street Group LLC bought a new position in Perella Weinberg Partners during the 3rd quarter valued at approximately $69,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Perella Weinberg Partners during the 2nd quarter valued at approximately $78,000. Finally, Legato Capital Management LLC bought a new position in Perella Weinberg Partners during the 2nd quarter valued at approximately $89,000. Institutional investors own 41.07% of the company’s stock.

Wall Street Analyst Weigh In

PWP has been the subject of a number of recent analyst reports. The Goldman Sachs Group reaffirmed a “sell” rating and set a $11.50 price target (down previously from $14.00) on shares of Perella Weinberg Partners in a research report on Tuesday, January 9th. JMP Securities upped their price target on Perella Weinberg Partners from $18.00 to $22.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $16.00 price target on shares of Perella Weinberg Partners in a research report on Monday, January 29th.

Perella Weinberg Partners Stock Performance

Shares of NASDAQ:PWP opened at $15.15 on Wednesday. Perella Weinberg Partners has a 52-week low of $6.80 and a 52-week high of $16.07. The firm has a market capitalization of $1.31 billion, a P/E ratio of -11.48 and a beta of 1.59. The stock has a 50 day moving average price of $13.77 and a 200-day moving average price of $12.03.

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

Perella Weinberg Partners Announces Dividend

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

About Perella Weinberg Partners

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.