William Blair Investment Management LLC Boosts Holdings in Perella Weinberg Partners (NASDAQ:PWP)

William Blair Investment Management LLC grew its position in Perella Weinberg Partners (NASDAQ:PWP) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,236,570 shares of the company’s stock after buying an additional 30,441 shares during the period. William Blair Investment Management LLC’s holdings in Perella Weinberg Partners were worth $29,480,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. US Bancorp DE lifted its holdings in shares of Perella Weinberg Partners by 4.4% in the 4th 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 4th 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 lifted its holdings 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 worth $2,384,000 after acquiring an additional 900 shares during the last quarter. Barclays PLC lifted its holdings in shares of Perella Weinberg Partners by 0.8% in the 3rd quarter. Barclays PLC now owns 186,387 shares of the company’s stock worth $3,600,000 after acquiring an additional 1,517 shares during the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in shares of Perella Weinberg Partners in the 4th quarter worth approximately $64,000. Hedge funds and other institutional investors own 41.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PWP. The Goldman Sachs Group decreased their price objective on shares of Perella Weinberg Partners from $23.00 to $20.00 and set a “sell” rating on the stock in a report on Friday, March 14th. Keefe, Bruyette & Woods increased their target price on shares of Perella Weinberg Partners from $27.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, February 10th.

Perella Weinberg Partners Stock Down 1.3 %

Perella Weinberg Partners stock opened at $19.13 on Wednesday. The firm has a market cap of $1.66 billion, a PE ratio of -12.11 and a beta of 1.61. Perella Weinberg Partners has a 52-week low of $11.68 and a 52-week high of $27.03. The company’s 50 day moving average is $23.30 and its two-hundred day moving average is $22.62.

Perella Weinberg Partners (NASDAQ:PWP) last announced its quarterly earnings data on Friday, February 7th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were issued a $0.07 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.46%. Perella Weinberg Partners’s payout ratio is -17.72%.

Perella Weinberg Partners Company 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.