Perella Weinberg Partners $PWP Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in Perella Weinberg Partners (NASDAQ:PWP) by 628.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 238,018 shares of the company’s stock after buying an additional 205,334 shares during the period. JPMorgan Chase & Co.’s holdings in Perella Weinberg Partners were worth $5,075,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. William Blair Investment Management LLC boosted its position in Perella Weinberg Partners by 57.2% during the third quarter. William Blair Investment Management LLC now owns 3,566,511 shares of the company’s stock worth $76,038,000 after purchasing an additional 1,298,246 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its stake in shares of Perella Weinberg Partners by 73.5% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 3,136,484 shares of the company’s stock worth $60,911,000 after buying an additional 1,328,312 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Perella Weinberg Partners by 79.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,575,063 shares of the company’s stock worth $30,588,000 after buying an additional 698,021 shares during the last quarter. Westwood Holdings Group Inc. purchased a new stake in shares of Perella Weinberg Partners in the 2nd quarter worth about $28,019,000. Finally, Walleye Capital LLC grew its stake in Perella Weinberg Partners by 82.7% in the 2nd quarter. Walleye Capital LLC now owns 1,372,866 shares of the company’s stock valued at $26,661,000 after acquiring an additional 621,570 shares during the last quarter. 41.07% of the stock is owned by institutional investors and hedge funds.

Perella Weinberg Partners Trading Down 0.9%

Perella Weinberg Partners stock opened at $18.00 on Thursday. The stock has a fifty day moving average price of $19.62 and a 200 day moving average price of $19.37. Perella Weinberg Partners has a 52 week low of $14.12 and a 52 week high of $25.92. The firm has a market capitalization of $1.65 billion, a P/E ratio of 39.13 and a beta of 1.65.

Perella Weinberg Partners (NASDAQ:PWP) last issued its quarterly earnings results on Friday, February 6th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. The firm had revenue of $219.16 million for the quarter, compared to analyst estimates of $192.84 million. Perella Weinberg Partners had a negative return on equity of 25.81% and a net margin of 4.69%.

Perella Weinberg Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Tuesday, February 17th were given a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $0.28 annualized dividend and a dividend yield of 1.6%. Perella Weinberg Partners’s dividend payout ratio (DPR) is currently 60.87%.

Analysts Set New Price Targets

PWP has been the subject of several recent research reports. Wall Street Zen upgraded shares of Perella Weinberg Partners from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Perella Weinberg Partners in a research report on Thursday, January 22nd. The Goldman Sachs Group dropped their price objective on shares of Perella Weinberg Partners from $21.50 to $18.50 and set a “sell” rating for the company in a research note on Thursday, March 12th. Keefe, Bruyette & Woods lifted their price objective on Perella Weinberg Partners from $20.00 to $23.00 and gave the stock a “market perform” rating in a research report on Monday, February 9th. Finally, Wolfe Research set a $21.00 target price on Perella Weinberg Partners in a research note on Wednesday, January 7th. One investment 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 data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $22.88.

Perella Weinberg Partners Profile

Perella Weinberg Partners L.P. is a global, partner-led advisory firm specializing in strategic and financial counsel. Founded in 2006 by Joseph R. Perella and Peter Weinberg—both veterans of leading Wall Street institutions—the firm delivers independent advice on mergers and acquisitions, financing, restructuring and capital markets. As an independent entity, it emphasizes senior banker involvement throughout every transaction, ensuring clients benefit from depth of experience and continuity of service.

The firm’s core offerings encompass M&A advisory, debt and equity financing, corporate restructuring and capital markets solutions.