SG Americas Securities LLC Sells 45,852 Shares of Perella Weinberg Partners $PWP

SG Americas Securities LLC lessened its stake in shares of Perella Weinberg Partners (NASDAQ:PWP) by 83.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,136 shares of the company’s stock after selling 45,852 shares during the quarter. SG Americas Securities LLC’s holdings in Perella Weinberg Partners were worth $195,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Ameritas Investment Partners Inc. lifted its holdings in Perella Weinberg Partners by 20.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,225 shares of the company’s stock worth $121,000 after purchasing an additional 1,075 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of Perella Weinberg Partners by 11.6% in the second quarter. ProShare Advisors LLC now owns 12,502 shares of the company’s stock worth $243,000 after buying an additional 1,303 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Perella Weinberg Partners by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,745 shares of the company’s stock worth $566,000 after buying an additional 1,342 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in Perella Weinberg Partners by 3.7% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 42,145 shares of the company’s stock valued at $818,000 after buying an additional 1,516 shares during the last quarter. Finally, CWM LLC raised its holdings in Perella Weinberg Partners by 162.4% in the 2nd quarter. CWM LLC now owns 3,936 shares of the company’s stock worth $76,000 after acquiring an additional 2,436 shares during the period. 41.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Perella Weinberg Partners in a report on Thursday, January 22nd. Wall Street Zen cut Perella Weinberg Partners from a “hold” rating to a “sell” rating in a research report on Sunday, December 14th. Keefe, Bruyette & Woods raised their target price on Perella Weinberg Partners from $19.00 to $20.00 and gave the company a “market perform” rating in a report on Wednesday, December 17th. Wolfe Research set a $21.00 price target on Perella Weinberg Partners in a research report on Wednesday, January 7th. Finally, The Goldman Sachs Group reiterated a “sell” rating and set a $19.00 price target on shares of Perella Weinberg Partners in a report on Tuesday, January 20th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Perella Weinberg Partners presently has an average rating of “Hold” and a consensus target price of $22.25.

Perella Weinberg Partners Stock Performance

Shares of Perella Weinberg Partners stock opened at $22.51 on Friday. The firm has a market cap of $2.00 billion, a P/E ratio of 34.11 and a beta of 1.64. The firm’s 50-day simple moving average is $18.96 and its 200-day simple moving average is $20.05. Perella Weinberg Partners has a twelve month low of $14.12 and a twelve month high of $26.94.

Perella Weinberg Partners (NASDAQ:PWP) last posted its quarterly earnings results on Friday, November 7th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.01). The business had revenue of $164.65 million during the quarter, compared to analyst estimates of $179.83 million. Perella Weinberg Partners had a negative return on equity of 21.55% and a net margin of 6.15%.

Perella Weinberg Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, November 17th were paid a $0.07 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.28 annualized dividend and a yield of 1.2%. Perella Weinberg Partners’s payout ratio is currently 42.42%.

Perella Weinberg Partners Profile

Perella Weinberg Partners L.P. is a global, partner-led advisory firm specializing in strategic and financial counsel. Founded in 2006 by Joseph R. Perella and Peter Weinberg—both veterans of leading Wall Street institutions—the firm delivers independent advice on mergers and acquisitions, financing, restructuring and capital markets. As an independent entity, it emphasizes senior banker involvement throughout every transaction, ensuring clients benefit from depth of experience and continuity of service.

The firm’s core offerings encompass M&A advisory, debt and equity financing, corporate restructuring and capital markets solutions.