Alexandra Gottschalk Sells 43,788 Shares of Perella Weinberg Partners (NASDAQ:PWP) Stock

Perella Weinberg Partners (NASDAQ:PWP) CFO Alexandra Gottschalk sold 43,788 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $17.58, for a total value of $769,793.04. Following the completion of the transaction, the chief financial officer owned 86,510 shares of the company’s stock, valued at $1,520,845.80. This represents a 33.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Alexandra Gottschalk also recently made the following trade(s):

• On Wednesday, May 20th, Alexandra Gottschalk sold 14,018 shares of Perella Weinberg Partners stock. The shares were sold at an average price of $17.46, for a total transaction of $244,754.28.
• On Tuesday, May 5th, Alexandra Gottschalk sold 51,671 shares of Perella Weinberg Partners stock. The stock was sold at an average price of $19.74, for a total transaction of $1,019,985.54.

Perella Weinberg Partners Stock Performance

PWP stock opened at $18.37 on Friday. Perella Weinberg Partners has a 52-week low of $15.74 and a 52-week high of $25.92. The company has a market capitalization of $1.71 billion, a P/E ratio of 76.54 and a beta of 1.74. The company has a fifty day moving average price of $18.90 and a 200-day moving average price of $19.17.

Perella Weinberg Partners (NASDAQ:PWP) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.11). Perella Weinberg Partners had a net margin of 2.82% and a negative return on equity of 19.90%. The company had revenue of $148.92 million during the quarter, compared to analyst estimates of $158.82 million.

Perella Weinberg Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, June 1st. Perella Weinberg Partners’s payout ratio is currently 116.67%.

Institutional Trading of Perella Weinberg Partners

A number of hedge funds and other institutional investors have recently bought and sold shares of PWP. Bank of America Corp DE grew its holdings in shares of Perella Weinberg Partners by 41.6% during the first quarter. Bank of America Corp DE now owns 1,316,482 shares of the company’s stock valued at $23,907,000 after buying an additional 386,473 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Perella Weinberg Partners by 61.5% in the first quarter. Janus Henderson Group PLC now owns 36,494 shares of the company’s stock valued at $663,000 after purchasing an additional 13,900 shares in the last quarter. California State Teachers Retirement System grew its holdings in Perella Weinberg Partners by 39.8% during the first quarter. California State Teachers Retirement System now owns 86,364 shares of the company’s stock worth $1,568,000 after buying an additional 24,578 shares in the last quarter. Quantinno Capital Management LP lifted its stake in Perella Weinberg Partners by 35.4% during the 1st quarter. Quantinno Capital Management LP now owns 32,791 shares of the company’s stock valued at $595,000 after acquiring an additional 8,567 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in Perella Weinberg Partners by 151.2% during the 1st quarter. Sei Investments Co. now owns 610,588 shares of the company’s stock worth $11,088,000 after acquiring an additional 367,525 shares during the last quarter. Institutional investors own 41.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on PWP shares. Citizens Jmp lowered their price target on shares of Perella Weinberg Partners from $32.00 to $30.00 and set a “market outperform” rating for the company in a report on Friday, April 10th. Keefe, Bruyette & Woods increased their price objective on shares of Perella Weinberg Partners from $21.00 to $23.50 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Wall Street Zen raised Perella Weinberg Partners from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Weiss Ratings cut Perella Weinberg Partners from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Finally, The Goldman Sachs Group lifted their price objective on shares of Perella Weinberg Partners from $17.50 to $19.50 and gave the company a “sell” rating in a research note on Tuesday, April 14th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $23.50.

Perella Weinberg Partners Company Profile

Perella Weinberg Partners L.P. is a global, partner-led advisory firm specializing in strategic and financial counsel. Founded in 2006 by Joseph R. Perella and Peter Weinberg—both veterans of leading Wall Street institutions—the firm delivers independent advice on mergers and acquisitions, financing, restructuring and capital markets. As an independent entity, it emphasizes senior banker involvement throughout every transaction, ensuring clients benefit from depth of experience and continuity of service.

The firm’s core offerings encompass M&A advisory, debt and equity financing, corporate restructuring and capital markets solutions.