Dimensional Fund Advisors LP Boosts Holdings in Perella Weinberg Partners $PWP

Dimensional Fund Advisors LP raised its stake in Perella Weinberg Partners (NASDAQ:PWP) by 45.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 852,987 shares of the company’s stock after acquiring an additional 267,859 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.93% of Perella Weinberg Partners worth $15,488,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of PWP. William Blair Investment Management LLC lifted its holdings in Perella Weinberg Partners by 10.6% during the fourth quarter. William Blair Investment Management LLC now owns 3,946,163 shares of the company’s stock valued at $68,269,000 after purchasing an additional 379,652 shares during the last quarter. Vanguard Group Inc. raised its stake in Perella Weinberg Partners by 6.9% in the fourth quarter. Vanguard Group Inc. now owns 3,722,756 shares of the company’s stock valued at $64,404,000 after purchasing an additional 241,363 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its position in shares of Perella Weinberg Partners by 73.5% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 3,136,484 shares of the company’s stock valued at $60,911,000 after buying an additional 1,328,312 shares in the last quarter. Nuveen LLC lifted its stake in Perella Weinberg Partners by 29.2% during the fourth quarter. Nuveen LLC now owns 2,861,405 shares of the company’s stock worth $49,502,000 after purchasing an additional 646,143 shares during the last quarter. Finally, State Street Corp lifted its position in Perella Weinberg Partners by 2.2% in the 4th quarter. State Street Corp now owns 1,798,302 shares of the company’s stock worth $31,111,000 after buying an additional 39,544 shares during the last quarter. 41.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $21.00 price objective (up from $19.00) on shares of Perella Weinberg Partners in a research note on Monday, August 3rd. Citizens Jmp reduced their price target on shares of Perella Weinberg Partners from $32.00 to $30.00 and set a “market outperform” rating on the stock in a research report on Friday, April 10th. The Goldman Sachs Group raised their price objective on Perella Weinberg Partners from $14.50 to $16.00 and gave the company a “sell” rating in a research report on Monday. Finally, Weiss Ratings raised Perella Weinberg Partners from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $22.00.

Insider Activity at Perella Weinberg Partners

In other Perella Weinberg Partners news, CFO Alexandra Gottschalk sold 43,788 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $17.58, for a total value of $769,793.04. Following the completion of the transaction, the chief financial officer directly owned 86,510 shares in the company, valued at $1,520,845.80. This represents a 33.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew Bednar sold 80,045 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $17.17, for a total transaction of $1,374,372.65. Following the completion of the transaction, the chief executive officer directly owned 1,139,013 shares of the company’s stock, valued at $19,556,853.21. This represents a 6.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 293,503 shares of company stock worth $5,094,926 in the last ninety days. Insiders own 26.10% of the company’s stock.

Perella Weinberg Partners Price Performance

PWP stock opened at $17.50 on Friday. Perella Weinberg Partners has a 1 year low of $14.11 and a 1 year high of $25.92. The company has a market cap of $1.63 billion, a P/E ratio of 67.31 and a beta of 1.64. The stock’s fifty day moving average price is $15.95 and its 200-day moving average price is $18.35.

Perella Weinberg Partners (NASDAQ:PWP) last issued its quarterly earnings data on Friday, July 31st. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.14. The firm had revenue of $156.53 million for the quarter, compared to analysts’ expectations of $144.76 million. Perella Weinberg Partners had a net margin of 3.19% and a negative return on equity of 35.84%.

Perella Weinberg Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be given a dividend of $0.07 per share. 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 Friday, August 28th. Perella Weinberg Partners’s payout ratio is presently 107.69%.

About Perella Weinberg Partners

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.