First Eagle Investment Management LLC Has $10.10 Million Stock Position in Perella Weinberg Partners $PWP

First Eagle Investment Management LLC boosted its stake in Perella Weinberg Partners (NASDAQ:PWP) by 24.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 583,848 shares of the company’s stock after buying an additional 116,056 shares during the period. First Eagle Investment Management LLC’s holdings in Perella Weinberg Partners were worth $10,101,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. State of Alaska Department of Revenue acquired a new position in Perella Weinberg Partners in the 3rd quarter valued at about $53,000. Torren Management LLC acquired a new position in Perella Weinberg Partners in the 4th quarter valued at about $62,000. Tower Research Capital LLC TRC grew its stake in Perella Weinberg Partners by 460.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,151 shares of the company’s stock valued at $100,000 after buying an additional 4,232 shares during the last quarter. New York State Teachers Retirement System grew its stake in Perella Weinberg Partners by 16.6% in the 3rd quarter. New York State Teachers Retirement System now owns 5,510 shares of the company’s stock valued at $117,000 after buying an additional 786 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in Perella Weinberg Partners by 10.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 10,138 shares of the company’s stock valued at $175,000 after buying an additional 997 shares during the last quarter. Institutional investors and hedge funds own 41.07% of the company’s stock.

Insider Buying and Selling at Perella Weinberg Partners

In other news, CFO Alexandra Gottschalk sold 51,671 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $19.74, for a total transaction of $1,019,985.54. Following the completion of the sale, the chief financial officer directly owned 72,492 shares in the company, valued at $1,430,992.08. This represents a 41.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 26.10% of the stock is currently owned by company insiders.

Perella Weinberg Partners Stock Performance

PWP stock opened at $17.94 on Wednesday. The company has a fifty day moving average price of $18.88 and a 200-day moving average price of $19.25. The company has a market capitalization of $1.67 billion, a P/E ratio of 74.75 and a beta of 1.74. Perella Weinberg Partners has a 52-week low of $15.74 and a 52-week high of $25.92.

Perella Weinberg Partners (NASDAQ:PWP) last released its quarterly earnings results on Friday, May 1st. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.11). The business had revenue of $148.92 million for the quarter, compared to the consensus estimate of $158.82 million. Perella Weinberg Partners had a net margin of 2.82% and a negative return on equity of 19.90%.

Perella Weinberg Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.28 annualized dividend and a dividend yield of 1.6%. Perella Weinberg Partners’s dividend payout ratio (DPR) is presently 116.67%.

Analyst Upgrades and Downgrades

PWP has been the topic of a number of analyst reports. Weiss Ratings lowered shares of Perella Weinberg Partners from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Keefe, Bruyette & Woods upped their price target on shares of Perella Weinberg Partners from $21.00 to $23.50 and gave the stock an “outperform” rating in a report on Monday, May 4th. Citizens Jmp cut their price target on shares of Perella Weinberg Partners from $32.00 to $30.00 and set a “market outperform” rating for the company in a report on Friday, April 10th. The Goldman Sachs Group increased their price objective on shares of Perella Weinberg Partners from $17.50 to $19.50 and gave the company a “sell” rating in a research note on Tuesday, April 14th. Finally, Wall Street Zen raised shares of Perella Weinberg Partners from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $23.50.

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.