Perella Weinberg Partners (NASDAQ:PWP) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lessened its stake in shares of Perella Weinberg Partners (NASDAQ:PWP) by 17.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,090 shares of the company’s stock after selling 10,460 shares during the quarter. Alliancebernstein L.P. owned 0.06% of Perella Weinberg Partners worth $1,194,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Venturi Wealth Management LLC purchased a new stake in shares of Perella Weinberg Partners during the 4th quarter valued at about $64,000. Meeder Asset Management Inc. acquired a new stake in Perella Weinberg Partners in the fourth quarter valued at approximately $179,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Perella Weinberg Partners during the fourth quarter valued at approximately $248,000. Aigen Investment Management LP acquired a new position in Perella Weinberg Partners in the 4th quarter worth $311,000. Finally, Versor Investments LP purchased a new position in Perella Weinberg Partners in the fourth quarter valued at about $384,000. Institutional investors and hedge funds own 41.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Perella Weinberg Partners from $27.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. JMP Securities lowered their price target on shares of Perella Weinberg Partners from $33.00 to $29.00 and set a “market outperform” rating for the company in a research report on Tuesday, April 8th. Finally, The Goldman Sachs Group lowered their target price on Perella Weinberg Partners from $20.00 to $18.00 and set a “sell” rating on the stock in a research report on Wednesday, April 2nd.

Perella Weinberg Partners Trading Up 1.0 %

Shares of Perella Weinberg Partners stock opened at $15.80 on Friday. Perella Weinberg Partners has a 52 week low of $11.68 and a 52 week high of $27.03. The company’s 50-day moving average price is $19.63 and its two-hundred day moving average price is $22.32. The stock has a market cap of $1.37 billion, a PE ratio of -10.00 and a beta of 1.68.

Perella Weinberg Partners (NASDAQ:PWP) last released its quarterly earnings data on Friday, February 7th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.02). Perella Weinberg Partners had a negative return on equity of 72.27% and a negative net margin of 7.37%.

Perella Weinberg Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were given a $0.07 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.28 annualized dividend and a dividend yield of 1.77%. Perella Weinberg Partners’s dividend payout ratio (DPR) is presently -17.72%.

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.