Ceredex Value Advisors LLC Has $8.26 Million Stock Position in Perella Weinberg Partners (NASDAQ:PWP)

Ceredex Value Advisors LLC lessened its holdings in Perella Weinberg Partners (NASDAQ:PWP) by 6.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 346,624 shares of the company’s stock after selling 24,395 shares during the quarter. Ceredex Value Advisors LLC owned 0.39% of Perella Weinberg Partners worth $8,264,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Quadrant Capital Group LLC lifted its position in shares of Perella Weinberg Partners by 43.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,540 shares of the company’s stock worth $37,000 after buying an additional 470 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Perella Weinberg Partners by 4.4% in the fourth quarter. US Bancorp DE now owns 17,602 shares of the company’s stock worth $420,000 after acquiring an additional 746 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Perella Weinberg Partners by 1.2% in the fourth quarter. Rhumbline Advisers now owns 70,861 shares of the company’s stock worth $1,689,000 after acquiring an additional 854 shares during the last quarter. Swiss National Bank boosted its stake in shares of Perella Weinberg Partners by 0.9% in the 4th quarter. Swiss National Bank now owns 100,000 shares of the company’s stock valued at $2,384,000 after purchasing an additional 900 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Perella Weinberg Partners by 0.8% during the 3rd quarter. Barclays PLC now owns 186,387 shares of the company’s stock valued at $3,600,000 after purchasing an additional 1,517 shares during the last quarter. Institutional investors and hedge funds own 41.07% of the company’s stock.

Analysts Set New Price Targets

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

Perella Weinberg Partners Price Performance

Perella Weinberg Partners stock opened at $15.64 on Thursday. The business has a 50 day moving average of $19.95 and a 200-day moving average of $22.37. Perella Weinberg Partners has a 1 year low of $11.68 and a 1 year high of $27.03. The company has a market capitalization of $1.36 billion, a P/E ratio of -9.90 and a beta of 1.68.

Perella Weinberg Partners (NASDAQ:PWP) last announced its quarterly 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 business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Tuesday, February 18th. Perella Weinberg Partners’s dividend payout ratio is currently -17.72%.

About Perella Weinberg Partners

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.