Boston Partners Has $8.02 Million Holdings in Perella Weinberg Partners (NASDAQ:PWP)

Boston Partners decreased its position in Perella Weinberg Partners (NASDAQ:PWP) by 32.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 336,313 shares of the company’s stock after selling 163,707 shares during the period. Boston Partners owned about 0.38% of Perella Weinberg Partners worth $8,023,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Intech Investment Management LLC purchased a new stake in Perella Weinberg Partners in the 3rd quarter worth about $197,000. Charles Schwab Investment Management Inc. grew its position in Perella Weinberg Partners by 197.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 434,005 shares of the company’s stock valued at $8,381,000 after purchasing an additional 288,186 shares in the last quarter. Eagle Asset Management Inc. increased its stake in Perella Weinberg Partners by 32.1% in the 3rd quarter. Eagle Asset Management Inc. now owns 756,540 shares of the company’s stock valued at $14,609,000 after buying an additional 183,905 shares during the period. Algert Global LLC lifted its position in Perella Weinberg Partners by 7.2% in the 3rd quarter. Algert Global LLC now owns 158,646 shares of the company’s stock worth $3,063,000 after buying an additional 10,621 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Perella Weinberg Partners during the 3rd quarter valued at $389,000. 41.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Perella Weinberg Partners Stock Performance

Shares of NASDAQ:PWP opened at $19.52 on Friday. The stock’s 50-day moving average is $23.16 and its 200-day moving average is $22.58. The company has a market cap of $1.69 billion, a P/E ratio of -12.35 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.

Perella Weinberg Partners (NASDAQ:PWP) last released its earnings results on Friday, February 7th. The company reported $0.26 earnings per share (EPS) 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 business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were given a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.28 annualized dividend and a yield of 1.43%. Perella Weinberg Partners’s dividend 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.