ExodusPoint Capital Management LP Increases Holdings in Perella Weinberg Partners (NASDAQ:PWP)

ExodusPoint Capital Management LP boosted its stake in Perella Weinberg Partners (NASDAQ:PWP) by 334.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 477,870 shares of the company’s stock after purchasing an additional 367,869 shares during the quarter. ExodusPoint Capital Management LP owned approximately 0.54% of Perella Weinberg Partners worth $11,392,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of Perella Weinberg Partners by 49.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 435,922 shares of the company’s stock valued at $8,418,000 after purchasing an additional 144,222 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Perella Weinberg Partners by 197.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 434,005 shares of the company’s stock worth $8,381,000 after buying an additional 288,186 shares in the last quarter. Geode Capital Management LLC increased its stake 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 acquiring an additional 34,301 shares during the last quarter. Kings Path Partners LLC purchased a new stake in shares of Perella Weinberg Partners in the 4th quarter valued at about $535,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Perella Weinberg Partners by 47.6% during the 4th quarter. Bank of New York Mellon Corp now owns 190,553 shares of the company’s stock valued at $4,543,000 after acquiring an additional 61,428 shares during the last quarter. Hedge funds and other institutional investors own 41.07% of the company’s stock.

Analyst Upgrades and Downgrades

PWP has been the topic of several research analyst reports. The Goldman Sachs Group decreased 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 research report on Wednesday. Keefe, Bruyette & Woods increased their price target on shares of Perella Weinberg Partners from $27.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, February 10th.

Perella Weinberg Partners Trading Down 6.4 %

PWP opened at $15.89 on Friday. The stock has a market capitalization of $1.38 billion, a P/E ratio of -10.06 and a beta of 1.61. The stock has a 50-day moving average price of $21.84 and a 200-day moving average price of $22.62. Perella Weinberg Partners has a 12-month low of $11.68 and a 12-month high of $27.03.

Perella Weinberg Partners (NASDAQ:PWP) last issued its quarterly earnings results on Friday, February 7th. The company reported $0.26 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 firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.07 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.28 annualized dividend and a yield of 1.76%. Perella Weinberg Partners’s payout ratio is -17.72%.

Perella Weinberg Partners 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.