Bleakley Financial Group LLC Purchases 2,436 Shares of 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, Holdings Channel reports. The firm owned 18,572 shares of the company’s stock after buying 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 (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC lifted its position in Perella Weinberg Partners by 3.8% in the third quarter. FMR LLC now owns 5,780,259 shares of the company’s stock worth $58,843,000 after purchasing an additional 210,342 shares during the period. First Eagle Investment Management LLC bought a new position in shares of Perella Weinberg Partners during the third quarter valued at $1,897,000. Quantbot Technologies LP bought a new position in shares of Perella Weinberg Partners during the third quarter valued at $62,000. Allworth Financial LP bought a new position in shares of Perella Weinberg Partners during the fourth quarter valued at $44,000. Finally, Adage Capital Partners GP L.L.C. lifted its holdings in shares of Perella Weinberg Partners by 2.2% during the third quarter. Adage Capital Partners GP L.L.C. now owns 2,818,614 shares of the company’s stock valued at $28,693,000 after acquiring an additional 61,333 shares during the period. 41.07% of the stock is owned by institutional investors.

Perella Weinberg Partners Stock Down 0.7 %

Perella Weinberg Partners stock opened at $15.11 on Tuesday. The stock has a 50-day simple moving average of $13.70 and a 200 day simple moving average of $12.00. Perella Weinberg Partners has a 12-month low of $6.80 and a 12-month high of $16.07. 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 (NASDAQ:PWP) last released its quarterly 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 business had revenue of $212.68 million during the quarter.

Perella Weinberg Partners Announces Dividend

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

Analysts Set New Price Targets

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

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.