ExodusPoint Capital Management LP Grows Position in Perella Weinberg Partners (NASDAQ:PWP)

ExodusPoint Capital Management LP increased its position in Perella Weinberg Partners (NASDAQ:PWP) by 334.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 477,870 shares of the company’s stock after buying an additional 367,869 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Perella Weinberg Partners were worth $11,392,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in PWP. Venturi Wealth Management LLC purchased a new stake in Perella Weinberg Partners in the 4th quarter worth approximately $64,000. Meeder Asset Management Inc. purchased a new stake in Perella Weinberg Partners in the fourth quarter worth $179,000. Intech Investment Management LLC bought a new stake in Perella Weinberg Partners in the third quarter valued at $197,000. KLP Kapitalforvaltning AS purchased a new position in Perella Weinberg Partners during the 4th quarter valued at $248,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Perella Weinberg Partners in the 3rd quarter worth $214,000. 41.07% of the stock is owned by hedge funds and other institutional investors.

Perella Weinberg Partners Trading Down 6.4 %

Shares of Perella Weinberg Partners stock opened at $15.89 on Friday. Perella Weinberg Partners has a 12 month low of $11.68 and a 12 month high of $27.03. The firm has a market capitalization of $1.38 billion, a P/E ratio of -10.06 and a beta of 1.61. The business has a fifty day simple moving average of $21.84 and a two-hundred day simple moving average of $22.62.

Perella Weinberg Partners (NASDAQ:PWP) last issued its quarterly earnings results on Friday, February 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). Perella Weinberg Partners had a negative net margin of 7.37% and a negative return on equity of 72.27%.

Perella Weinberg Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 18th were paid a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.28 annualized dividend and a dividend yield of 1.76%. Perella Weinberg Partners’s payout ratio is currently -17.72%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on PWP shares. Keefe, Bruyette & Woods lifted their target price on shares of 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 cut their price objective on Perella Weinberg Partners from $20.00 to $18.00 and set a “sell” rating on the stock in a research report on Wednesday.

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.