BNP Paribas Financial Markets Buys New Holdings in Perella Weinberg Partners (NASDAQ:PWP)

BNP Paribas Financial Markets acquired a new stake in shares of Perella Weinberg Partners (NASDAQ:PWP) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 17,324 shares of the company’s stock, valued at approximately $413,000.

Several other institutional investors have also bought and sold shares of PWP. Quadrant Capital Group LLC increased its stake in shares of Perella Weinberg Partners by 43.9% in the fourth quarter. Quadrant Capital Group LLC now owns 1,540 shares of the company’s stock valued at $37,000 after buying an additional 470 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in Perella Weinberg Partners during the 4th quarter worth $64,000. Meeder Asset Management Inc. bought a new position in shares of Perella Weinberg Partners during the 4th quarter valued at about $179,000. KLP Kapitalforvaltning AS bought a new stake in shares of Perella Weinberg Partners during the fourth quarter worth $248,000. Finally, Aigen Investment Management LP bought a new stake in shares of Perella Weinberg Partners in the fourth quarter valued at about $311,000. Institutional investors and hedge funds own 41.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of Perella Weinberg Partners from a “buy” rating to a “hold” rating in a research note on Saturday. Keefe, Bruyette & Woods dropped their price target on Perella Weinberg Partners from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, May 12th. The Goldman Sachs Group lifted their price target on shares of Perella Weinberg Partners from $16.00 to $18.00 and gave the company a “sell” rating in a research report on Thursday, May 15th. Finally, JMP Securities dropped their target price 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.

Perella Weinberg Partners Stock Down 0.6%

NASDAQ PWP opened at $17.53 on Monday. The company has a market cap of $1.55 billion, a price-to-earnings ratio of -11.09 and a beta of 1.69. Perella Weinberg Partners has a twelve month low of $13.82 and a twelve month high of $27.03. The business’s fifty day moving average is $17.58 and its 200 day moving average is $21.73.

Perella Weinberg Partners (NASDAQ:PWP) last announced its 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. The business had revenue of $211.83 million during the quarter, compared to analyst estimates of $200.29 million. Perella Weinberg Partners had a negative return on equity of 72.27% and a negative net margin of 7.37%. During the same period last year, the company earned ($0.10) EPS.

Perella Weinberg Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Wednesday, May 14th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.28 annualized dividend and a dividend yield of 1.60%. Perella Weinberg Partners’s payout ratio is -65.12%.

Perella Weinberg Partners Profile

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.