Ceredex Value Advisors LLC Has $8.32 Million Holdings in Perella Weinberg Partners $PWP

Ceredex Value Advisors LLC raised its position in shares of Perella Weinberg Partners (NASDAQ:PWP) by 22.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 428,541 shares of the company’s stock after purchasing an additional 79,263 shares during the period. Ceredex Value Advisors LLC owned 0.49% of Perella Weinberg Partners worth $8,322,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Wellington Management Group LLP raised its position in Perella Weinberg Partners by 128.6% during the first quarter. Wellington Management Group LLP now owns 3,009,484 shares of the company’s stock valued at $55,375,000 after acquiring an additional 1,692,922 shares in the last quarter. William Blair Investment Management LLC increased its stake in shares of Perella Weinberg Partners by 70.0% during the 2nd quarter. William Blair Investment Management LLC now owns 2,268,265 shares of the company’s stock worth $44,050,000 after purchasing an additional 934,382 shares during the last quarter. Channing Capital Management LLC increased its stake in shares of Perella Weinberg Partners by 215.2% during the 1st quarter. Channing Capital Management LLC now owns 2,142,888 shares of the company’s stock worth $39,429,000 after purchasing an additional 1,463,083 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its holdings in shares of Perella Weinberg Partners by 124.4% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,808,172 shares of the company’s stock valued at $33,270,000 after purchasing an additional 1,002,387 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Perella Weinberg Partners by 10.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,490,650 shares of the company’s stock valued at $28,952,000 after purchasing an additional 146,352 shares during the last quarter. Institutional investors own 41.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PWP. Keefe, Bruyette & Woods cut their price objective on Perella Weinberg Partners from $21.00 to $19.00 and set a “market perform” rating on the stock in a research note on Monday, November 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Perella Weinberg Partners in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Perella Weinberg Partners from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Perella Weinberg Partners has an average rating of “Hold” and a consensus price target of $22.00.

Perella Weinberg Partners Stock Up 1.1%

Shares of PWP opened at $18.27 on Friday. The stock’s 50-day moving average price is $19.42 and its 200 day moving average price is $19.95. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 27.68 and a beta of 1.63. Perella Weinberg Partners has a 12-month low of $14.12 and a 12-month high of $27.03.

Perella Weinberg Partners (NASDAQ:PWP) last posted its quarterly earnings results on Friday, November 7th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.01). The business had revenue of $164.65 million during the quarter, compared to analyst estimates 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 business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, November 17th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, November 17th. Perella Weinberg Partners’s dividend payout ratio (DPR) is 42.42%.

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.