1 week Ago By ABMN Staff
Corebridge Financial Inc. lessened its stake in Perella Weinberg Partners ( NASDAQ:PWP – Free Report ) by 8.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC.
The fund owned 25,718 shares of the company’s stock after selling 2,388 shares during the quarter. Corebridge Financial Inc.’s holdings in Perella Weinberg Partners were worth $613,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in Perella Weinberg Partners in the 4th quarter valued at about $18,493,000.
Wellington Management Group LLP raised its position in shares of Perella Weinberg Partners by 200.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,157,605 shares of the company’s stock valued at $22,353,000 after buying an additional 771,736 shares during the period.
Channing Capital Management LLC acquired a new position in Perella Weinberg Partners in the fourth quarter valued at approximately $16,207,000. Charles Schwab Investment Management Inc. grew its position in Perella Weinberg Partners by 197.
6% in the third quarter. Charles Schwab Investment Management Inc. now owns 434,005 shares of the company’s stock worth $8,381,000 after acquiring an additional 288,186 shares during the period.
Finally, Vanguard Group Inc. increased its stake in Perella Weinberg Partners by 9.0% during the fourth quarter.
Vanguard Group Inc. now owns 3,163,844 shares of the company’s stock worth $75,426,000 after acquiring an additional 260,319 shares during the last quarter. Hedge funds and other institutional investors own 41.
07% of the company’s stock. Perella Weinberg Partners Stock Performance Perella Weinberg Partners stock opened at $16.11 on Tuesday.
The company has a market capitalization of $1.40 billion, a PE ratio of -10.20 and a beta of 1.
68. Perella Weinberg Partners has a fifty-two week low of $11.68 and a fifty-two week high of $27.
03. The firm has a 50 day moving average price of $21.67 and a 200 day moving average price of $22.
65. Perella Weinberg Partners Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.
07 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.
28 dividend on an annualized basis and a yield of 1.74%. Perella Weinberg Partners’s dividend payout ratio (DPR) is presently -17.
72%. Wall Street Analysts Forecast Growth Several brokerages have recently commented on PWP. Keefe, Bruyette & Woods upped their price target on Perella Weinberg Partners from $27.
00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. 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 report on Wednesday, April 2nd. Read Our Latest Stock Report on Perella Weinberg Partners About Perella Weinberg Partners ( 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. Featured Stories Want to see what other hedge funds are holding PWP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Perella Weinberg Partners ( NASDAQ:PWP – Free Report ).
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