Schroder Investment Management Group Sells 133,810 Shares of Perella Weinberg Partners (NASDAQ:PWP)

Schroder Investment Management Group lowered its stake in shares of Perella Weinberg Partners (NASDAQ:PWPFree Report) by 5.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,160,721 shares of the company’s stock after selling 133,810 shares during the quarter. Schroder Investment Management Group owned approximately 2.51% of Perella Weinberg Partners worth $26,426,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in PWP. Principal Financial Group Inc. grew its holdings in Perella Weinberg Partners by 31.9% during the 3rd quarter. Principal Financial Group Inc. now owns 19,034 shares of the company’s stock worth $194,000 after acquiring an additional 4,607 shares during the last quarter. Barclays PLC boosted its stake in shares of Perella Weinberg Partners by 17.6% in the 3rd quarter. Barclays PLC now owns 61,411 shares of the company’s stock valued at $625,000 after purchasing an additional 9,185 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Perella Weinberg Partners in the 3rd quarter valued at about $62,000. FMR LLC boosted its stake in shares of Perella Weinberg Partners by 3.8% in the 3rd quarter. FMR LLC now owns 5,780,259 shares of the company’s stock valued at $58,843,000 after purchasing an additional 210,342 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its stake in shares of Perella Weinberg Partners by 2.2% in the 3rd 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 purchasing an additional 61,333 shares during the last quarter. Institutional investors own 41.07% of the company’s stock.

Perella Weinberg Partners Price Performance

Perella Weinberg Partners stock opened at $14.42 on Tuesday. The company’s 50 day simple moving average is $15.25 and its 200 day simple moving average is $13.43. Perella Weinberg Partners has a fifty-two week low of $7.93 and a fifty-two week high of $16.52. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of -7.75 and a beta of 1.51.

Perella Weinberg Partners (NASDAQ:PWPGet Free Report) last released its quarterly earnings data on Friday, May 3rd. The company reported ($0.10) earnings per share for the quarter. Perella Weinberg Partners had a positive return on equity of 17.87% and a negative net margin of 7.74%. The firm had revenue of $102.13 million for the quarter.

Perella Weinberg Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Tuesday, May 28th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Friday, May 24th. Perella Weinberg Partners’s payout ratio is -15.05%.

Wall Street Analysts Forecast Growth

Separately, JMP Securities raised their target price on shares of Perella Weinberg Partners from $18.00 to $22.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th.

Get Our Latest Research Report on Perella Weinberg Partners

About Perella Weinberg Partners

(Free Report)

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.

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Institutional Ownership by Quarter for Perella Weinberg Partners (NASDAQ:PWP)

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