Y Intercept Hong Kong Ltd Lowers Stock Position in Perella Weinberg Partners $PWP

Y Intercept Hong Kong Ltd lowered its stake in Perella Weinberg Partners (NASDAQ:PWP) by 26.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 64,733 shares of the company’s stock after selling 23,806 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Perella Weinberg Partners were worth $1,380,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. New York State Teachers Retirement System boosted its stake in shares of Perella Weinberg Partners by 16.6% in the 3rd quarter. New York State Teachers Retirement System now owns 5,510 shares of the company’s stock worth $117,000 after buying an additional 786 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of Perella Weinberg Partners by 20.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,225 shares of the company’s stock worth $121,000 after purchasing an additional 1,075 shares during the period. ProShare Advisors LLC grew its position in Perella Weinberg Partners by 11.6% in the 2nd quarter. ProShare Advisors LLC now owns 12,502 shares of the company’s stock valued at $243,000 after acquiring an additional 1,303 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Perella Weinberg Partners by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,745 shares of the company’s stock valued at $566,000 after acquiring an additional 1,342 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Perella Weinberg Partners by 3.7% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 42,145 shares of the company’s stock worth $818,000 after purchasing an additional 1,516 shares during the period. Hedge funds and other institutional investors own 41.07% of the company’s stock.

Perella Weinberg Partners Trading Down 0.9%

Shares of NASDAQ PWP opened at $22.31 on Friday. The business has a 50 day simple moving average of $19.05 and a 200-day simple moving average of $20.07. Perella Weinberg Partners has a twelve month low of $14.12 and a twelve month high of $26.94. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 33.80 and a beta of 1.64.

Perella Weinberg Partners (NASDAQ:PWP) last posted its quarterly earnings results on Friday, November 7th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.01). Perella Weinberg Partners had a negative return on equity of 21.55% and a net margin of 6.15%.The business had revenue of $164.65 million during the quarter, compared to analyst estimates of $179.83 million.

Perella Weinberg Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, November 17th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, November 17th. Perella Weinberg Partners’s dividend payout ratio (DPR) is currently 42.42%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Wolfe Research set a $21.00 price target on shares of Perella Weinberg Partners in a report on Wednesday, January 7th. Wall Street Zen cut Perella Weinberg Partners from a “hold” rating to a “sell” rating in a report on Sunday, December 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Perella Weinberg Partners in a report on Thursday, January 22nd. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $19.00 price objective on shares of Perella Weinberg Partners in a research note on Tuesday, January 20th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Perella Weinberg Partners from $19.00 to $20.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 17th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $22.25.

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.