2 weeks Ago By Defense World Staff
JPMorgan Chase & Co. reduced its position in shares of Perella Weinberg Partners (NASDAQ:PWP – Free Report) by 46.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.
The firm owned 233,751 shares of the company’s stock after selling 202,171 shares during the period. JPMorgan Chase & Co. owned 0.
27% of Perella Weinberg Partners worth $5,573,000 as of its most recent SEC filing. Several other large investors also recently modified their holdings of PWP. Venturi Wealth Management LLC bought a new stake in shares of Perella Weinberg Partners during the 4th quarter valued at $64,000.
KLP Kapitalforvaltning AS purchased a new position in Perella Weinberg Partners during the 4th quarter valued at about $248,000. Aigen Investment Management LP purchased a new stake in Perella Weinberg Partners in the fourth quarter worth about $311,000. Versor Investments LP purchased a new position in shares of Perella Weinberg Partners during the fourth quarter valued at approximately $384,000.
Finally, US Bancorp DE boosted its position 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 purchasing an additional 746 shares in the last quarter.
41.07% of the stock is owned by institutional investors. Perella Weinberg Partners Price PerformanceNASDAQ:PWP opened at $15.
80 on Friday. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of -10.
00 and a beta of 1.68. The business has a 50 day simple moving average of $19.
63 and a 200-day simple moving average of $22.32. Perella Weinberg Partners has a 1 year low of $11.
68 and a 1 year high of $27.03. Perella Weinberg Partners (NASDAQ:PWP – Get Free Report) last released its 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 Dividend AnnouncementThe company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors 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 1.77%. Perella Weinberg Partners’s payout ratio is -17.
72%. Analyst Upgrades and DowngradesSeveral brokerages have recently issued reports on PWP. JMP Securities dropped their target price on shares of Perella Weinberg Partners from $33.
00 to $29.00 and set a “market outperform” rating on the stock in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods upped their price target on Perella Weinberg Partners from $27.
00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Finally, The Goldman Sachs Group reduced their price objective on shares of Perella Weinberg Partners from $20.
00 to $18.00 and set a “sell” rating on the stock in a research report on Wednesday, April 2nd.View Our Latest Stock Report on PWPPerella Weinberg Partners Profile (Free Report)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.Read MoreFive stocks we like better than Perella Weinberg PartnersStock Analyst Ratings and Canadian Analyst Ratings3 Mid-Cap to Mega-Cap Stocks Have Announced Significant BuybacksWhy Invest in High-Yield Dividend Stocks?These 3 Stocks Have Huge Last 12 Months Shareholder YieldsTSX Venture Exchange (Formerly Canadian Venture Exchange)Prominent Hedge Fund Acquires Huge Stake in HPE: Is It a Buy Now?.
