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

Schroder Investment Management Group lowered its stake in Perella Weinberg Partners (NASDAQ:PWP) by 32.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,172,740 shares of the company’s stock after selling 567,493 shares during the period. Schroder Investment Management Group’s holdings in Perella Weinberg Partners were worth $27,747,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Perella Weinberg Partners by 9.0% in the fourth quarter. Vanguard Group Inc. now owns 3,163,844 shares of the company’s stock worth $75,426,000 after purchasing an additional 260,319 shares during the period. LPL Financial LLC grew its position in shares of Perella Weinberg Partners by 22.7% during the 4th quarter. LPL Financial LLC now owns 54,917 shares of the company’s stock worth $1,309,000 after buying an additional 10,173 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Perella Weinberg Partners during the fourth quarter worth approximately $248,000. Quantbot Technologies LP lifted its holdings in Perella Weinberg Partners by 109.6% in the fourth quarter. Quantbot Technologies LP now owns 78,622 shares of the company’s stock valued at $1,874,000 after buying an additional 41,106 shares during the period. Finally, William Blair Investment Management LLC boosted its stake in Perella Weinberg Partners by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 1,236,570 shares of the company’s stock valued at $29,480,000 after acquiring an additional 30,441 shares during the last quarter. Institutional investors own 41.07% of the company’s stock.

Perella Weinberg Partners Stock Performance

PWP opened at $19.48 on Thursday. The firm’s fifty day moving average is $22.22 and its two-hundred day moving average is $22.67. The firm has a market cap of $1.69 billion, a PE ratio of -12.33 and a beta of 1.61. Perella Weinberg Partners has a twelve month low of $11.68 and a twelve month high of $27.03.

Perella Weinberg Partners (NASDAQ:PWP) last issued its quarterly earnings data on Friday, February 7th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.02). Perella Weinberg Partners had a negative return on equity of 72.27% and a negative net margin of 7.37%.

Perella Weinberg Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Tuesday, February 18th. Perella Weinberg Partners’s dividend payout ratio (DPR) is presently -17.72%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on PWP shares. The Goldman Sachs Group cut their price target on Perella Weinberg Partners from $20.00 to $18.00 and set a “sell” rating on the stock in a research note on Wednesday. Keefe, Bruyette & Woods raised their target price on 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 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.