Schroder Investment Management Group Has $27.75 Million Holdings in Perella Weinberg Partners (NASDAQ:PWP)

Schroder Investment Management Group trimmed its holdings in Perella Weinberg Partners (NASDAQ:PWP) by 32.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,172,740 shares of the company’s stock after selling 567,493 shares during the quarter. Schroder Investment Management Group owned 1.33% of Perella Weinberg Partners worth $27,747,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. increased its stake in Perella Weinberg Partners by 49.4% during the third quarter. JPMorgan Chase & Co. now owns 435,922 shares of the company’s stock valued at $8,418,000 after acquiring an additional 144,222 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Perella Weinberg Partners by 197.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 434,005 shares of the company’s stock worth $8,381,000 after purchasing an additional 288,186 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Perella Weinberg Partners by 2.8% during the third quarter. Geode Capital Management LLC now owns 1,257,620 shares of the company’s stock valued at $24,289,000 after purchasing an additional 34,301 shares during the period. Kings Path Partners LLC acquired a new position in shares of Perella Weinberg Partners in the fourth quarter valued at $535,000. Finally, Bank of New York Mellon Corp lifted its position in Perella Weinberg Partners by 47.6% in the fourth quarter. Bank of New York Mellon Corp now owns 190,553 shares of the company’s stock worth $4,543,000 after purchasing an additional 61,428 shares during the period. Institutional investors and hedge funds own 41.07% of the company’s stock.

Perella Weinberg Partners Stock Performance

Shares of NASDAQ PWP opened at $19.48 on Thursday. The business has a fifty day moving average of $22.22 and a two-hundred day moving average of $22.67. Perella Weinberg Partners has a 52-week low of $11.68 and a 52-week high of $27.03. The stock has a market cap of $1.69 billion, a PE ratio of -12.33 and a beta of 1.61.

Perella Weinberg Partners (NASDAQ:PWP) last released its quarterly earnings results on Friday, February 7th. The company reported $0.26 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 Announces Dividend

The firm also recently disclosed 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 1.44%. Perella Weinberg Partners’s payout ratio is -17.72%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. 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. The Goldman Sachs Group dropped their price target on shares of Perella Weinberg Partners from $20.00 to $18.00 and set a “sell” rating for the company in a research report on Wednesday.

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.