Northern Trust Corp Has $11.68 Million Position in Perella Weinberg Partners (NASDAQ:PWP)

Northern Trust Corp grew its holdings in Perella Weinberg Partners (NASDAQ:PWP) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 489,964 shares of the company’s stock after purchasing an additional 18,590 shares during the quarter. Northern Trust Corp owned about 0.56% of Perella Weinberg Partners worth $11,681,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. FMR LLC boosted its stake in Perella Weinberg Partners by 3.8% in the fourth quarter. FMR LLC now owns 8,181,941 shares of the company’s stock worth $195,057,000 after purchasing an additional 301,587 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Perella Weinberg Partners by 9.0% in the fourth quarter. Vanguard Group Inc. now owns 3,163,844 shares of the company’s stock valued at $75,426,000 after purchasing an additional 260,319 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Perella Weinberg Partners by 13.7% in the fourth quarter. Wellington Management Group LLP now owns 1,316,562 shares of the company’s stock valued at $31,387,000 after purchasing an additional 158,957 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Perella Weinberg Partners by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 1,281,969 shares of the company’s stock valued at $30,569,000 after purchasing an additional 24,349 shares in the last quarter. Finally, William Blair Investment Management LLC increased its holdings in shares of Perella Weinberg Partners by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 1,236,570 shares of the company’s stock valued at $29,480,000 after purchasing an additional 30,441 shares in the last quarter. Institutional investors and hedge funds own 41.07% of the company’s stock.

Perella Weinberg Partners Stock Up 0.8%

Shares of Perella Weinberg Partners stock opened at $19.13 on Friday. Perella Weinberg Partners has a 12 month low of $13.82 and a 12 month high of $27.03. The business has a fifty day simple moving average of $17.71 and a 200 day simple moving average of $21.86. The stock has a market cap of $1.69 billion, a PE ratio of -12.11 and a beta of 1.69.

Perella Weinberg Partners (NASDAQ:PWP) last announced its quarterly earnings data on Friday, May 2nd. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.07. Perella Weinberg Partners had a negative return on equity of 72.27% and a negative net margin of 7.37%. The business had revenue of $211.83 million during the quarter, compared to analysts’ expectations of $200.29 million. During the same period in the previous year, the firm earned ($0.10) earnings per share.

Perella Weinberg Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Wednesday, May 14th will be issued a $0.07 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $0.28 annualized dividend and a yield of 1.46%. Perella Weinberg Partners’s dividend payout ratio (DPR) is presently -65.12%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. 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 report on Tuesday, April 8th. The Goldman Sachs Group boosted their price target on shares of Perella Weinberg Partners from $16.00 to $18.00 and gave the stock a “sell” rating in a research note on Thursday. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Perella Weinberg Partners from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, May 12th.

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.