Boston Partners Has $11.39 Million Stake in Perella Weinberg Partners $PWP

Boston Partners lifted its stake in shares of Perella Weinberg Partners (NASDAQ:PWP) by 19.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 586,419 shares of the company’s stock after purchasing an additional 96,300 shares during the period. Boston Partners owned approximately 0.67% of Perella Weinberg Partners worth $11,391,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in PWP. US Bancorp DE boosted its stake in Perella Weinberg Partners by 5.8% in the first quarter. US Bancorp DE now owns 18,623 shares of the company’s stock valued at $343,000 after acquiring an additional 1,021 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of Perella Weinberg Partners by 20.9% during the second quarter. Ameritas Investment Partners Inc. now owns 6,225 shares of the company’s stock worth $121,000 after buying an additional 1,075 shares during the period. ProShare Advisors LLC lifted its position in shares of Perella Weinberg Partners by 11.6% in the second quarter. ProShare Advisors LLC now owns 12,502 shares of the company’s stock worth $243,000 after purchasing an additional 1,303 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Perella Weinberg Partners by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,745 shares of the company’s stock valued at $566,000 after acquiring an additional 1,342 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Perella Weinberg Partners by 3.7% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 42,145 shares of the company’s stock worth $818,000 after purchasing an additional 1,516 shares in the last quarter. 41.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on PWP. Keefe, Bruyette & Woods decreased their target price on Perella Weinberg Partners from $21.00 to $19.00 and set a “market perform” rating on the stock in a report on Monday, November 10th. Wall Street Zen downgraded shares of Perella Weinberg Partners from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Perella Weinberg Partners in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $22.00.

Perella Weinberg Partners Stock Up 1.1%

NASDAQ PWP opened at $18.27 on Friday. Perella Weinberg Partners has a 52 week low of $14.12 and a 52 week high of $27.03. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 27.68 and a beta of 1.63. The business has a 50 day moving average price of $19.42 and a 200-day moving average price of $19.95.

Perella Weinberg Partners (NASDAQ:PWP) last posted its earnings results on Friday, November 7th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). The business had revenue of $164.65 million for the quarter, compared to the consensus estimate of $179.83 million. Perella Weinberg Partners had a negative return on equity of 21.55% and a net margin of 6.15%.

Perella Weinberg Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, November 17th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Monday, November 17th. Perella Weinberg Partners’s dividend payout ratio is presently 42.42%.

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.