Walleye Capital LLC Acquires New Shares in Perella Weinberg Partners (NASDAQ:PWP)

Walleye Capital LLC bought a new position in shares of Perella Weinberg Partners (NASDAQ:PWP) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 432,325 shares of the company’s stock, valued at approximately $10,307,000.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp raised its position in shares of Perella Weinberg Partners by 4.5% in the 3rd quarter. State Street Corp now owns 1,379,418 shares of the company’s stock worth $26,637,000 after acquiring an additional 59,989 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Perella Weinberg Partners in the third quarter valued at about $214,000. Barclays PLC raised its holdings in Perella Weinberg Partners by 0.8% in the third quarter. Barclays PLC now owns 186,387 shares of the company’s stock worth $3,600,000 after purchasing an additional 1,517 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Perella Weinberg Partners by 2.8% during the third quarter. Geode Capital Management LLC now owns 1,257,620 shares of the company’s stock valued at $24,289,000 after buying an additional 34,301 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Perella Weinberg Partners by 49.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 435,922 shares of the company’s stock valued at $8,418,000 after buying an additional 144,222 shares in the last quarter. Hedge funds and other institutional investors own 41.07% of the company’s stock.

Perella Weinberg Partners Trading Up 3.5 %

NASDAQ:PWP opened at $15.99 on Tuesday. Perella Weinberg Partners has a twelve month low of $11.68 and a twelve month high of $27.03. The company has a market cap of $1.39 billion, a PE ratio of -10.12 and a beta of 1.68. The company’s 50 day moving average is $20.33 and its two-hundred day moving average is $22.46.

Perella Weinberg Partners (NASDAQ:PWP) last released its earnings results on Friday, February 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.02). Perella Weinberg Partners had a negative net margin of 7.37% and a negative return on equity of 72.27%.

Perella Weinberg Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend was Tuesday, February 18th. Perella Weinberg Partners’s payout ratio is -17.72%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on PWP shares. JMP Securities decreased their target price on shares of Perella Weinberg Partners from $33.00 to $29.00 and set a “market outperform” rating for the company in a research report on Tuesday, April 8th. The Goldman Sachs Group decreased their price objective on Perella Weinberg Partners from $20.00 to $18.00 and set a “sell” rating for the company in a report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods boosted their target price on Perella Weinberg Partners from $27.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th.

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.