Bleakley Financial Group LLC Takes Position in Perella Weinberg Partners (NASDAQ:PWP)

Bleakley Financial Group LLC acquired a new stake in Perella Weinberg Partners (NASDAQ:PWP – Get Rating) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 12,872 shares of the company’s stock, valued at approximately $126,000.

Several other large investors have also modified their holdings of PWP. Swiss National Bank raised its stake in shares of Perella Weinberg Partners by 9.2% during the 1st quarter. Swiss National Bank now owns 85,700 shares of the company’s stock worth $810,000 after buying an additional 7,200 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Perella Weinberg Partners by 35,285.4% during the 1st quarter. JPMorgan Chase & Co. now owns 70,063 shares of the company’s stock valued at $662,000 after acquiring an additional 69,865 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Perella Weinberg Partners by 2.2% during the 1st quarter. Bank of New York Mellon Corp now owns 81,682 shares of the company’s stock worth $771,000 after acquiring an additional 1,728 shares in the last quarter. Citigroup Inc. increased its stake in Perella Weinberg Partners by 1,846.9% in the 1st quarter. Citigroup Inc. now owns 12,791 shares of the company’s stock valued at $121,000 after purchasing an additional 12,134 shares in the last quarter. Finally, BlackRock Inc. boosted its position in Perella Weinberg Partners by 21.9% during the first quarter. BlackRock Inc. now owns 758,099 shares of the company’s stock worth $7,164,000 after purchasing an additional 136,450 shares in the last quarter. 42.74% of the stock is owned by institutional investors and hedge funds.

Perella Weinberg Partners Price Performance

Perella Weinberg Partners stock opened at $7.94 on Thursday. Perella Weinberg Partners has a 12 month low of $5.47 and a 12 month high of $12.00. The stock’s 50-day moving average is $8.84 and its 200-day moving average is $9.38. The company has a market cap of $693.16 million, a price-to-earnings ratio of -9.45 and a beta of 1.54.

Perella Weinberg Partners (NASDAQ:PWP – Get Rating) last issued its earnings results on Thursday, February 9th. The company reported $0.11 earnings per share for the quarter. Perella Weinberg Partners had a return on equity of 33.52% and a net margin of 0.63%. The company had revenue of $183.15 million during the quarter.

Perella Weinberg Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Friday, May 26th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date is Thursday, May 25th. Perella Weinberg Partners’s payout ratio is -33.33%.

Insider Transactions at Perella Weinberg Partners

In other news, Director Daniel G. Cohen sold 28,490 shares of the firm’s stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $11.12, for a total transaction of $316,808.80. Following the completion of the sale, the director now owns 708,022 shares of the company’s stock, valued at $7,873,204.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Daniel G. Cohen sold 10,968 shares of the business’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $10.73, for a total transaction of $117,686.64. Following the completion of the transaction, the director now owns 595,871 shares in the company, valued at approximately $6,393,695.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel G. Cohen sold 28,490 shares of the business’s stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $11.12, for a total value of $316,808.80. Following the transaction, the director now owns 708,022 shares of the company’s stock, valued at approximately $7,873,204.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 245,520 shares of company stock valued at $2,620,891. 48.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PWP. JMP Securities reissued a “market outperform” rating and issued a $18.00 price objective on shares of Perella Weinberg Partners in a research note on Monday, March 13th. The Goldman Sachs Group boosted their price target on Perella Weinberg Partners from $11.00 to $12.50 and gave the stock a “buy” rating in a report on Friday, February 10th.

Perella Weinberg Partners Company Profile

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Perella Weinberg Partners, an independent investment banking company, provides strategic and financial advice services in the United States and internationally. The company offers advice services related to mission-critical strategic and financial decisions, mergers and acquisition execution, shareholder and defense advisory, capital raising, structure and restructuring, capital markets advisory, energy underwriting, and equity research.