Invesco Ltd. Has $1.19 Million Stake in Perella Weinberg Partners $PWP

Invesco Ltd. decreased its position in Perella Weinberg Partners (NASDAQ:PWP) by 75.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 64,842 shares of the company’s stock after selling 198,897 shares during the period. Invesco Ltd. owned about 0.07% of Perella Weinberg Partners worth $1,193,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PWP. Versant Capital Management Inc purchased a new stake in Perella Weinberg Partners in the 1st quarter worth approximately $32,000. GAMMA Investing LLC lifted its position in Perella Weinberg Partners by 2,401.3% in the 1st quarter. GAMMA Investing LLC now owns 3,827 shares of the company’s stock worth $70,000 after buying an additional 3,674 shares in the last quarter. Picton Mahoney Asset Management purchased a new stake in Perella Weinberg Partners in the 1st quarter worth approximately $118,000. State of Wyoming lifted its position in Perella Weinberg Partners by 180.4% in the 4th quarter. State of Wyoming now owns 8,855 shares of the company’s stock worth $211,000 after buying an additional 5,697 shares in the last quarter. Finally, Captrust Financial Advisors purchased a new stake in Perella Weinberg Partners in the 4th quarter worth approximately $248,000. Hedge funds and other institutional investors own 41.07% of the company’s stock.

Insider Transactions at Perella Weinberg Partners

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

Perella Weinberg Partners Trading Down 1.2%

Perella Weinberg Partners stock opened at $22.13 on Tuesday. The company has a market capitalization of $1.94 billion, a P/E ratio of 26.99 and a beta of 1.67. The firm’s fifty day simple moving average is $20.94 and its 200-day simple moving average is $19.42. Perella Weinberg Partners has a 1-year low of $14.12 and a 1-year high of $27.03.

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

Perella Weinberg Partners Announces Dividend

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

Analyst Ratings Changes

A number of research firms have issued reports on PWP. Wall Street Zen downgraded shares of Perella Weinberg Partners from a “buy” rating to a “hold” rating in a research report on Saturday, July 12th. Keefe, Bruyette & Woods increased their target price on shares of Perella Weinberg Partners from $23.00 to $24.00 and gave the stock a “market perform” rating in a research report on Monday, August 4th. Finally, The Goldman Sachs Group increased their target price on shares of Perella Weinberg Partners from $16.00 to $18.00 and gave the stock a “sell” rating in a research report on Thursday, May 15th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $23.67.

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.