1 week Ago By Defense World 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 filing with the Securities & Exchange Commission.
The firm 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 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of PWP. Vanguard Group Inc. lifted its stake in shares of Perella Weinberg Partners by 9.
0% in the 4th quarter. Vanguard Group Inc. now owns 3,163,844 shares of the company’s stock valued at $75,426,000 after purchasing an additional 260,319 shares during the period.
State Street Corp increased its stake in shares of Perella Weinberg Partners by 4.5% in the 3rd quarter. State Street Corp now owns 1,379,418 shares of the company’s stock valued at $26,637,000 after purchasing an additional 59,989 shares in the last quarter.
Geode Capital Management LLC raised its holdings in Perella Weinberg Partners by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,257,620 shares of the company’s stock worth $24,289,000 after purchasing an additional 34,301 shares during the period.
William Blair Investment Management LLC grew its holdings in Perella Weinberg Partners by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 1,236,570 shares of the company’s stock valued at $29,480,000 after purchasing an additional 30,441 shares during the period.
Finally, Wellington Management Group LLP increased its position in shares of Perella Weinberg Partners by 200.0% in the third 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 in the last quarter.
Hedge funds and other institutional investors own 41.07% of the company’s stock. Wall Street Analysts Forecast Growth Several brokerages have recently weighed in on PWP.
Keefe, Bruyette & Woods upped their target price on Perella Weinberg Partners from $27.00 to $29.00 and gave the stock 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 for the company in a research report on Wednesday, April 2nd.
Perella Weinberg Partners Trading Up 1.4 % NASDAQ:PWP opened at $16.11 on Tuesday.
The stock has a 50 day moving average of $21.67 and a two-hundred day moving average of $22.65.
Perella Weinberg Partners has a 12 month low of $11.68 and a 12 month high of $27.03.
The firm has a market cap of $1.40 billion, a P/E ratio of -10.20 and a beta of 1.
68. Perella Weinberg Partners ( NASDAQ:PWP – Get Free Report ) last issued its quarterly earnings results on Friday, February 7th. The company reported $0.
26 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.02).
Perella Weinberg Partners had a negative return on equity of 72.27% and a negative net margin of 7.37%.
Perella Weinberg Partners Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 18th were given a $0.07 dividend.
This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.74%.
The ex-dividend date of this dividend was Tuesday, February 18th. Perella Weinberg Partners’s dividend payout ratio (DPR) is -17.72%.
Perella 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. Featured Stories Five stocks we like better than Perella Weinberg Partners Which Wall Street Analysts are the Most Accurate? Options Activity Points to More Volatility for Palantir Stock Stock Market Upgrades: What Are They? NVIDIA Stock: Oversold, Undervalued — How Low Can It Go? What is a Death Cross in Stocks? MicroStrategy Sees Insider Buy-Sell Action in Q1 Want to see what other hedge funds are holding PWP? Visit HoldingsChannel.
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