775,710 Shares in Perella Weinberg Partners (NASDAQ:PWP) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in Perella Weinberg Partners (NASDAQ:PWP) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 775,710 shares of the company’s stock, valued at approximately $18,493,000. Raymond James Financial Inc. owned 0.88% of Perella Weinberg Partners as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Quadrant Capital Group LLC increased its holdings in shares of Perella Weinberg Partners by 43.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,540 shares of the company’s stock worth $37,000 after purchasing an additional 470 shares during the period. Venturi Wealth Management LLC bought a new position in Perella Weinberg Partners during the 4th quarter worth $64,000. Meeder Asset Management Inc. acquired a new position in Perella Weinberg Partners in the 4th quarter valued at $179,000. KLP Kapitalforvaltning AS bought a new stake in shares of Perella Weinberg Partners during the 4th quarter valued at $248,000. Finally, Aigen Investment Management LP bought a new position in shares of Perella Weinberg Partners in the fourth quarter worth $311,000. Institutional investors own 41.07% of the company’s stock.

Analyst Upgrades and Downgrades

PWP has been the topic of several recent analyst reports. Keefe, Bruyette & Woods raised their target price on shares of Perella Weinberg Partners from $27.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, February 10th. JMP Securities lowered their price objective 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 reduced their target price on Perella Weinberg Partners from $20.00 to $18.00 and set a “sell” rating on the stock in a report on Wednesday, April 2nd.

Perella Weinberg Partners Stock Performance

NASDAQ PWP opened at $15.80 on Monday. The firm’s fifty day moving average price is $19.63 and its two-hundred day moving average price is $22.36. 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 has a fifty-two week low of $11.68 and a fifty-two week high of $27.03.

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

Perella Weinberg Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were paid a $0.07 dividend. The ex-dividend date of this dividend 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 is -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.