Captrust Financial Advisors Purchases Shares of 10,394 Perella Weinberg Partners (NASDAQ:PWP)

Captrust Financial Advisors purchased a new stake in Perella Weinberg Partners (NASDAQ:PWP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,394 shares of the company’s stock, valued at approximately $248,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Azora Capital LP raised its holdings in shares of Perella Weinberg Partners by 3.4% in the 4th quarter. Azora Capital LP now owns 2,492,789 shares of the company’s stock valued at $59,428,000 after acquiring an additional 81,747 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Perella Weinberg Partners by 46.1% during the 4th quarter. Bank of America Corp DE now owns 672,481 shares of the company’s stock valued at $16,032,000 after buying an additional 212,296 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Perella Weinberg Partners during the 4th quarter valued at about $413,000. Algert Global LLC raised its holdings in shares of Perella Weinberg Partners by 137.4% during the 4th quarter. Algert Global LLC now owns 376,564 shares of the company’s stock valued at $8,977,000 after buying an additional 217,918 shares in the last quarter. Finally, Ancora Advisors LLC raised its holdings in shares of Perella Weinberg Partners by 0.4% during the 4th quarter. Ancora Advisors LLC now owns 203,446 shares of the company’s stock valued at $4,850,000 after buying an additional 830 shares in the last quarter. Hedge funds and other institutional investors own 41.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PWP. Keefe, Bruyette & Woods decreased their price objective on Perella Weinberg Partners from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, May 12th. The Goldman Sachs Group raised their price objective on Perella Weinberg Partners from $16.00 to $18.00 and gave the company a “sell” rating in a report on Thursday, May 15th. Finally, JMP Securities decreased their price objective on Perella Weinberg Partners from $33.00 to $29.00 and set a “market outperform” rating on the stock in a report on Tuesday, April 8th.

Perella Weinberg Partners Price Performance

PWP opened at $17.65 on Thursday. The stock’s 50 day simple moving average is $17.65 and its 200 day simple moving average is $21.81. Perella Weinberg Partners has a 1 year low of $13.82 and a 1 year high of $27.03. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of -11.17 and a beta of 1.69.

Perella Weinberg Partners (NASDAQ:PWP) last posted its quarterly earnings results on Friday, May 2nd. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $200.29 million. During the same period last year, the company earned ($0.10) EPS.

Perella Weinberg Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Wednesday, May 14th will be given a $0.07 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.59%. Perella Weinberg Partners’s dividend payout ratio is currently -65.12%.

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.