Swiss National Bank Acquires 2,600 Shares of Perella Weinberg Partners $PWP

Swiss National Bank grew its holdings in Perella Weinberg Partners (NASDAQ:PWP) by 2.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 102,600 shares of the company’s stock after purchasing an additional 2,600 shares during the period. Swiss National Bank owned approximately 0.12% of Perella Weinberg Partners worth $1,888,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc bought a new position in shares of Perella Weinberg Partners in the 1st quarter valued at $32,000. GAMMA Investing LLC boosted its holdings in shares of Perella Weinberg Partners by 2,401.3% during the 1st quarter. GAMMA Investing LLC now owns 3,827 shares of the company’s stock valued at $70,000 after acquiring an additional 3,674 shares in the last quarter. Picton Mahoney Asset Management acquired a new stake in shares of Perella Weinberg Partners during the 1st quarter valued at $118,000. State of Wyoming boosted its holdings in shares of Perella Weinberg Partners by 180.4% during the 4th quarter. State of Wyoming now owns 8,855 shares of the company’s stock valued at $211,000 after acquiring an additional 5,697 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new stake in shares of Perella Weinberg Partners during the 4th quarter valued at $248,000. Institutional investors own 41.07% of the company’s stock.

Insider Buying and Selling at Perella Weinberg Partners

In other news, President Dietrich Becker sold 177,553 shares of Perella Weinberg Partners stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $22.20, for a total value of $3,941,676.60. Following the completion of the transaction, the president directly owned 368,469 shares of the company’s stock, valued at approximately $8,180,011.80. This trade represents a 32.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 31.82% of the company’s stock.

Perella Weinberg Partners Trading Up 6.2%

Shares of PWP opened at $22.40 on Friday. The company has a market capitalization of $1.96 billion, a PE ratio of 27.32 and a beta of 1.66. Perella Weinberg Partners has a 12 month low of $14.12 and a 12 month high of $27.03. The stock’s 50-day moving average price is $20.44 and its two-hundred day moving average price is $19.53.

Perella Weinberg Partners (NASDAQ:PWP) last posted its quarterly earnings data on Friday, August 1st. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.07). Perella Weinberg Partners had a negative return on equity of 26.14% and a net margin of 6.57%.The business had revenue of $155.27 million during the quarter, compared to the consensus estimate of $188.06 million.

Perella Weinberg Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 29th will be given a $0.07 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.28 annualized dividend and a dividend yield of 1.3%. Perella Weinberg Partners’s dividend payout ratio (DPR) is 34.15%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PWP shares. 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. Keefe, Bruyette & Woods raised their price objective on Perella Weinberg Partners from $23.00 to $24.00 and gave the company a “market perform” rating in a report on Monday, August 4th. Finally, Wall Street Zen downgraded Perella Weinberg Partners from a “buy” rating to a “hold” rating in a report on Saturday, July 12th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $23.67.

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.