Perella Weinberg Partners $PWP Shares Purchased by First Eagle Investment Management LLC

First Eagle Investment Management LLC lifted its position in Perella Weinberg Partners (NASDAQ:PWP) by 5.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 406,078 shares of the company’s stock after purchasing an additional 21,000 shares during the quarter. First Eagle Investment Management LLC owned about 0.46% of Perella Weinberg Partners worth $7,886,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in Perella Weinberg Partners by 128.6% in the first quarter. Wellington Management Group LLP now owns 3,009,484 shares of the company’s stock valued at $55,375,000 after acquiring an additional 1,692,922 shares during the last quarter. Channing Capital Management LLC raised its position in Perella Weinberg Partners by 215.2% in the first quarter. Channing Capital Management LLC now owns 2,142,888 shares of the company’s stock valued at $39,429,000 after purchasing an additional 1,463,083 shares during the period. Adage Capital Partners GP L.L.C. lifted its stake in shares of Perella Weinberg Partners by 124.4% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,808,172 shares of the company’s stock valued at $33,270,000 after purchasing an additional 1,002,387 shares during the last quarter. William Blair Investment Management LLC lifted its stake in shares of Perella Weinberg Partners by 70.0% in the 2nd quarter. William Blair Investment Management LLC now owns 2,268,265 shares of the company’s stock valued at $44,050,000 after purchasing an additional 934,382 shares during the last quarter. Finally, New York State Common Retirement Fund grew its holdings in shares of Perella Weinberg Partners by 402.6% during the 1st quarter. New York State Common Retirement Fund now owns 849,590 shares of the company’s stock worth $15,632,000 after purchasing an additional 680,563 shares during the period. 41.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PWP. Weiss Ratings reissued a “hold (c)” rating on shares of Perella Weinberg Partners in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods cut their target price on Perella Weinberg Partners from $24.00 to $21.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. Finally, Wall Street Zen cut Perella Weinberg Partners from a “buy” rating to a “hold” rating in a research note on Saturday, July 12th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $22.67.

Perella Weinberg Partners Trading Down 4.4%

Perella Weinberg Partners stock opened at $18.02 on Friday. The firm has a market capitalization of $1.58 billion, a P/E ratio of 21.98 and a beta of 1.63. Perella Weinberg Partners has a twelve month low of $14.12 and a twelve month high of $27.03. The stock’s fifty day simple moving average is $20.62 and its 200-day simple moving average is $19.85.

Perella Weinberg Partners (NASDAQ:PWP) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). Perella Weinberg Partners had a negative return on equity of 26.14% and a net margin of 6.57%.The company had revenue of $164.65 million for the quarter, compared to analyst estimates of $179.83 million.

Perella Weinberg Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, November 17th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, November 17th. Perella Weinberg Partners’s dividend payout ratio (DPR) is 34.15%.

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.