Boston Partners Buys 251,353 Shares of Perella Weinberg Partners (NASDAQ:PWP)

Boston Partners increased its stake in Perella Weinberg Partners (NASDAQ:PWP) by 487.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 302,937 shares of the company’s stock after purchasing an additional 251,353 shares during the period. Boston Partners’ holdings in Perella Weinberg Partners were worth $2,525,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. New York State Teachers Retirement System acquired a new stake in shares of Perella Weinberg Partners in the 2nd quarter valued at $27,000. Quarry LP acquired a new stake in Perella Weinberg Partners in the first quarter worth about $35,000. Jane Street Group LLC bought a new stake in Perella Weinberg Partners during the 3rd quarter worth about $69,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Perella Weinberg Partners during the 2nd quarter valued at about $78,000. Finally, Legal & General Group Plc lifted its position in Perella Weinberg Partners by 33.5% during the 2nd quarter. Legal & General Group Plc now owns 15,601 shares of the company’s stock valued at $91,000 after purchasing an additional 3,911 shares during the period. Institutional investors and hedge funds own 39.38% of the company’s stock.

Perella Weinberg Partners Price Performance

Shares of NASDAQ:PWP opened at $11.18 on Tuesday. The company has a market capitalization of $963.15 million, a price-to-earnings ratio of -10.07 and a beta of 1.49. The firm’s 50 day simple moving average is $10.17 and its 200 day simple moving average is $9.55. Perella Weinberg Partners has a fifty-two week low of $6.80 and a fifty-two week high of $12.00.

Perella Weinberg Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 24th will be issued a $0.07 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $0.28 annualized dividend and a yield of 2.50%. Perella Weinberg Partners’s dividend payout ratio (DPR) is presently -25.23%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PWP. TheStreet raised shares of Perella Weinberg Partners from a “d+” rating to a “c-” rating in a research note on Monday, September 18th. The Goldman Sachs Group upped their target price on shares of Perella Weinberg Partners from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Finally, JMP Securities restated a “market outperform” rating and issued a $18.00 price target on shares of Perella Weinberg Partners in a research report on Monday.

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 advice services related to mission-critical strategic and financial decisions, mergers and acquisition execution, shareholder and defense advisory, capital markets advisory, private capital placement, and financing and capital advisory solutions focused on restructuring and liability management, as well as underwriting and research services primarily for the energy and related industries.