Deutsche Bank AG Grows Stock Holdings in Perella Weinberg Partners (NASDAQ:PWP)

Deutsche Bank AG grew its holdings in Perella Weinberg Partners (NASDAQ:PWP) by 53.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,179 shares of the company’s stock after acquiring an additional 15,763 shares during the period. Deutsche Bank AG owned about 0.05% of Perella Weinberg Partners worth $1,077,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PWP. FMR LLC increased its holdings in Perella Weinberg Partners by 3.8% in the 4th quarter. FMR LLC now owns 8,181,941 shares of the company’s stock valued at $195,057,000 after purchasing an additional 301,587 shares in the last quarter. Vanguard Group Inc. boosted its position 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 worth $75,426,000 after buying an additional 260,319 shares during the period. Azora Capital LP grew its stake in shares of Perella Weinberg Partners by 3.4% in the fourth quarter. Azora Capital LP now owns 2,492,789 shares of the company’s stock valued at $59,428,000 after buying an additional 81,747 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Perella Weinberg Partners by 13.7% during the 4th quarter. Wellington Management Group LLP now owns 1,316,562 shares of the company’s stock valued at $31,387,000 after buying an additional 158,957 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Perella Weinberg Partners by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 1,281,969 shares of the company’s stock valued at $30,569,000 after buying an additional 24,349 shares during the period. Institutional investors and hedge funds own 41.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PWP shares. Wall Street Zen cut Perella Weinberg Partners from a “buy” rating to a “hold” rating in a report on Saturday. Keefe, Bruyette & Woods decreased their target price on shares of Perella Weinberg Partners from $24.00 to $22.00 and set an “outperform” rating for the company in a research note 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 stock a “sell” rating in a research note on Thursday, May 15th. Finally, JMP Securities decreased 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.

Perella Weinberg Partners Price Performance

Shares of PWP opened at $17.53 on Monday. The company has a market cap of $1.55 billion, a P/E ratio of -11.09 and a beta of 1.69. Perella Weinberg Partners has a 12 month low of $13.82 and a 12 month high of $27.03. The stock has a fifty day moving average price of $17.58 and a 200 day moving average price of $21.73.

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

Perella Weinberg Partners Announces Dividend

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

Perella Weinberg Partners Company 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.