Public Employees Retirement System of Ohio Takes $1.03 Million Position in Perella Weinberg Partners $PWP

Public Employees Retirement System of Ohio acquired a new position in shares of Perella Weinberg Partners (NASDAQ:PWP) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 52,841 shares of the company’s stock, valued at approximately $1,026,000. Public Employees Retirement System of Ohio owned approximately 0.06% of Perella Weinberg Partners at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Raymond James Financial Inc. increased its stake in shares of Perella Weinberg Partners by 13.4% during the 1st quarter. Raymond James Financial Inc. now owns 879,745 shares of the company’s stock worth $16,187,000 after purchasing an additional 104,035 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Perella Weinberg Partners by 21.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 91,898 shares of the company’s stock worth $2,191,000 after purchasing an additional 16,057 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in shares of Perella Weinberg Partners during the 1st quarter worth approximately $589,000. Emerald Advisers LLC purchased a new position in shares of Perella Weinberg Partners during the 1st quarter worth approximately $7,420,000. Finally, Alberta Investment Management Corp increased its stake in shares of Perella Weinberg Partners by 32.1% during the 1st quarter. Alberta Investment Management Corp now owns 52,928 shares of the company’s stock worth $974,000 after purchasing an additional 12,869 shares in the last quarter. 41.07% of the stock is owned by hedge funds and other institutional investors.

Perella Weinberg Partners Stock Down 0.3%

Shares of NASDAQ PWP opened at $20.94 on Friday. Perella Weinberg Partners has a 52-week low of $14.12 and a 52-week high of $27.03. The firm has a fifty day moving average of $21.81 and a 200-day moving average of $19.51. The stock has a market capitalization of $1.83 billion, a PE ratio of 25.54 and a beta of 1.65.

Perella Weinberg Partners (NASDAQ:PWP) last announced its quarterly earnings data on Friday, August 1st. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.07). The company had revenue of $155.27 million for the quarter, compared to analysts’ expectations 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 29th were issued a dividend of $0.07 per share. The ex-dividend date was Friday, August 29th. This represents a $0.28 annualized dividend and a dividend yield of 1.3%. Perella Weinberg Partners’s payout ratio is presently 34.15%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Perella Weinberg Partners from $23.00 to $24.00 and gave the stock a “market perform” rating in a research note on Monday, August 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Perella Weinberg Partners in a research note on Saturday, September 27th. Finally, Wall Street Zen cut shares of Perella Weinberg Partners from a “buy” rating to a “hold” rating in a research note on Saturday, July 12th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Perella Weinberg Partners has a consensus rating of “Hold” and an average price target of $23.67.

Insider Buying and Selling at Perella Weinberg Partners

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

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.