Perella Weinberg Partners $PWP Shares Sold by UBS Group AG

UBS Group AG decreased its position in shares of Perella Weinberg Partners (NASDAQ:PWP) by 10.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 291,094 shares of the company’s stock after selling 33,555 shares during the period. UBS Group AG owned about 0.33% of Perella Weinberg Partners worth $5,036,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PWP. State of Alaska Department of Revenue purchased a new stake in Perella Weinberg Partners during the 3rd quarter worth about $53,000. Tower Research Capital LLC TRC increased its holdings in Perella Weinberg Partners by 460.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,151 shares of the company’s stock worth $100,000 after purchasing an additional 4,232 shares during the period. Harbor Capital Advisors Inc. increased its holdings in Perella Weinberg Partners by 10.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 10,138 shares of the company’s stock worth $175,000 after purchasing an additional 997 shares during the period. Osaic Holdings Inc. increased its holdings in Perella Weinberg Partners by 2,980.6% during the 2nd quarter. Osaic Holdings Inc. now owns 15,403 shares of the company’s stock worth $284,000 after purchasing an additional 14,903 shares during the period. Finally, Millennium Management LLC purchased a new position in shares of Perella Weinberg Partners in the 3rd quarter valued at about $298,000. Hedge funds and other institutional investors own 41.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wall Street Zen upgraded Perella Weinberg Partners from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Keefe, Bruyette & Woods increased their price objective on Perella Weinberg Partners from $21.00 to $23.50 and gave the company an “outperform” rating in a report on Monday, May 4th. Weiss Ratings downgraded Perella Weinberg Partners from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. The Goldman Sachs Group raised their price target on Perella Weinberg Partners from $17.50 to $19.50 and gave the stock a “sell” rating in a research note on Tuesday, April 14th. Finally, Citizens Jmp dropped their price target on Perella Weinberg Partners from $32.00 to $30.00 and set a “market outperform” rating on the stock in a research note on Friday, April 10th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $23.50.

Insider Activity at Perella Weinberg Partners

In other news, CFO Alexandra Gottschalk sold 14,018 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $17.46, for a total value of $244,754.28. Following the completion of the sale, the chief financial officer directly owned 72,492 shares of the company’s stock, valued at $1,265,710.32. This trade represents a 16.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 109,477 shares of company stock valued at $2,034,533. 26.10% of the stock is owned by company insiders.

Perella Weinberg Partners Trading Up 3.7%

Shares of PWP stock opened at $18.37 on Friday. The business’s 50 day moving average is $18.90 and its two-hundred day moving average is $19.17. Perella Weinberg Partners has a twelve month low of $15.74 and a twelve month high of $25.92. The company has a market capitalization of $1.71 billion, a P/E ratio of 76.54 and a beta of 1.74.

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

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 issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, June 1st. Perella Weinberg Partners’s dividend payout ratio (DPR) is currently 116.67%.

Perella Weinberg Partners Company 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.