Perella Weinberg Partners (NASDAQ:PWP) Shares Acquired by Eagle Asset Management Inc.

Eagle Asset Management Inc. lifted its holdings in Perella Weinberg Partners (NASDAQ:PWP) by 32.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 756,540 shares of the company’s stock after purchasing an additional 183,905 shares during the period. Eagle Asset Management Inc.’s holdings in Perella Weinberg Partners were worth $14,609,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Perella Weinberg Partners by 122.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,763 shares of the company’s stock valued at $159,000 after purchasing an additional 5,379 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Perella Weinberg Partners by 16.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,306 shares of the company’s stock valued at $174,000 after buying an additional 1,753 shares in the last quarter. Intech Investment Management LLC purchased a new stake in Perella Weinberg Partners during the 3rd quarter worth approximately $197,000. Arizona State Retirement System raised its holdings in shares of Perella Weinberg Partners by 15.3% during the second quarter. Arizona State Retirement System now owns 13,020 shares of the company’s stock valued at $212,000 after acquiring an additional 1,724 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of Perella Weinberg Partners by 17.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 16,709 shares of the company’s stock valued at $272,000 after acquiring an additional 2,537 shares in the last quarter. Institutional investors and hedge funds own 41.07% of the company’s stock.

Insiders Place Their Bets

In other Perella Weinberg Partners news, President Dietrich Becker sold 442,889 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $24.48, for a total transaction of $10,841,922.72. Following the completion of the sale, the president now owns 379,140 shares of the company’s stock, valued at $9,281,347.20. This trade represents a 53.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew Bednar sold 300,579 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $24.48, for a total value of $7,358,173.92. Following the completion of the transaction, the chief executive officer now directly owns 566,386 shares in the company, valued at approximately $13,865,129.28. This trade represents a 34.67 % decrease in their position. The disclosure for this sale can be found here. 43.53% of the stock is owned by insiders.

Perella Weinberg Partners Trading Down 0.5 %

PWP stock opened at $25.64 on Friday. The firm has a 50-day moving average of $21.56 and a two-hundred day moving average of $18.51. Perella Weinberg Partners has a 12 month low of $10.73 and a 12 month high of $26.62. The company has a market cap of $2.26 billion, a price-to-earnings ratio of -10.82 and a beta of 1.49.

Perella Weinberg Partners (NASDAQ:PWP) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.14. The firm had revenue of $278.20 million for the quarter, compared to the consensus estimate of $196.42 million. Perella Weinberg Partners had a negative return on equity of 295.65% and a negative net margin of 11.09%. The firm’s revenue was up 100.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.12 earnings per share.

Perella Weinberg Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.09%. The ex-dividend date is Wednesday, December 4th. Perella Weinberg Partners’s payout ratio is currently -11.81%.

Wall Street Analysts Forecast Growth

Separately, JMP Securities boosted their price target on Perella Weinberg Partners from $22.00 to $26.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th.

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.