Perella Weinberg Partners $PWP Shares Purchased by William Blair Investment Management LLC

William Blair Investment Management LLC increased its position in shares of Perella Weinberg Partners (NASDAQ:PWP) by 10.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,946,163 shares of the company’s stock after purchasing an additional 379,652 shares during the period. William Blair Investment Management LLC’s holdings in Perella Weinberg Partners were worth $68,269,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. ProShare Advisors LLC increased its position in Perella Weinberg Partners by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 11,366 shares of the company’s stock worth $197,000 after purchasing an additional 733 shares during the last quarter. First Eagle Investment Management LLC increased its position in Perella Weinberg Partners by 24.8% during the fourth quarter. First Eagle Investment Management LLC now owns 583,848 shares of the company’s stock worth $10,101,000 after purchasing an additional 116,056 shares during the last quarter. Wesbanco Bank Inc. acquired a new stake in Perella Weinberg Partners during the fourth quarter worth about $986,000. Torren Management LLC acquired a new stake in shares of Perella Weinberg Partners during the fourth quarter valued at about $62,000. Finally, Comerica Bank increased its position in shares of Perella Weinberg Partners by 1,794.1% during the fourth quarter. Comerica Bank now owns 16,554 shares of the company’s stock valued at $286,000 after acquiring an additional 15,680 shares during the last quarter. 41.07% of the stock is currently owned by institutional investors and hedge funds.

Perella Weinberg Partners Stock Performance

Shares of PWP stock opened at $18.68 on Monday. The stock has a market capitalization of $1.74 billion, a P/E ratio of 77.83 and a beta of 1.74. The company has a 50 day moving average price of $18.94 and a 200 day moving average price of $19.18. Perella Weinberg Partners has a fifty-two week low of $15.74 and a fifty-two week high of $25.92.

Perella Weinberg Partners (NASDAQ:PWP) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.11). The business had revenue of $148.92 million during the quarter, compared to analyst estimates of $158.82 million. Perella Weinberg Partners had a net margin of 2.82% and a negative return on equity of 19.90%.

Perella Weinberg Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a $0.07 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.5%. Perella Weinberg Partners’s payout ratio is 116.67%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PWP. Wall Street Zen upgraded shares of Perella Weinberg Partners from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Keefe, Bruyette & Woods lifted their price target on shares of Perella Weinberg Partners from $21.00 to $23.50 and gave the company an “outperform” rating in a research report on Monday, May 4th. Citizens Jmp dropped their price target on shares of Perella Weinberg Partners from $32.00 to $30.00 and set a “market outperform” rating for the company in a research report on Friday, April 10th. The Goldman Sachs Group lifted their price target on shares of Perella Weinberg Partners from $17.50 to $19.50 and gave the company a “sell” rating in a research report on Tuesday, April 14th. Finally, Weiss Ratings cut shares of Perella Weinberg Partners from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $23.50.

Insider Buying and Selling at Perella Weinberg Partners

In related news, CFO Alexandra Gottschalk sold 51,671 shares of Perella Weinberg Partners stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $19.74, for a total value of $1,019,985.54. Following the completion of the transaction, the chief financial officer owned 72,492 shares in the company, valued at approximately $1,430,992.08. The trade was a 41.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 109,477 shares of company stock valued at $2,034,533 in the last ninety days. Insiders own 26.10% of the company’s stock.

About Perella Weinberg Partners

Perella Weinberg Partners L.P. is a global, partner-led advisory firm specializing in strategic and financial counsel. Founded in 2006 by Joseph R. Perella and Peter Weinberg—both veterans of leading Wall Street institutions—the firm delivers independent advice on mergers and acquisitions, financing, restructuring and capital markets. As an independent entity, it emphasizes senior banker involvement throughout every transaction, ensuring clients benefit from depth of experience and continuity of service.

The firm’s core offerings encompass M&A advisory, debt and equity financing, corporate restructuring and capital markets solutions.