Y Intercept Hong Kong Ltd Reduces Holdings in Perella Weinberg Partners $PWP

Y Intercept Hong Kong Ltd decreased its holdings in Perella Weinberg Partners (NASDAQ:PWP) by 26.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,733 shares of the company’s stock after selling 23,806 shares during the quarter. Y Intercept Hong Kong Ltd owned 0.07% of Perella Weinberg Partners worth $1,380,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in PWP. State of Alaska Department of Revenue purchased a new position in Perella Weinberg Partners during the third quarter worth $53,000. CWM LLC grew its holdings in Perella Weinberg Partners by 162.4% in the second quarter. CWM LLC now owns 3,936 shares of the company’s stock valued at $76,000 after purchasing an additional 2,436 shares during the period. New York State Teachers Retirement System purchased a new stake in shares of Perella Weinberg Partners during the second quarter worth approximately $92,000. Tower Research Capital LLC TRC grew its holdings in shares of Perella Weinberg Partners by 460.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,151 shares of the company’s stock worth $100,000 after purchasing an additional 4,232 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its holdings in shares of 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 acquiring an additional 1,075 shares during the last quarter. 41.07% of the stock is owned by institutional investors.

Perella Weinberg Partners Trading Down 0.9%

Shares of Perella Weinberg Partners stock opened at $22.31 on Friday. Perella Weinberg Partners has a 1 year low of $14.12 and a 1 year high of $26.94. The stock has a 50-day moving average price of $19.05 and a 200 day moving average price of $20.07. The company has a market cap of $1.98 billion, a P/E ratio of 33.80 and a beta of 1.64.

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

Perella Weinberg Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, November 17th were given a $0.07 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.28 annualized dividend and a dividend yield of 1.3%. Perella Weinberg Partners’s dividend payout ratio is presently 42.42%.

Wall Street Analysts Forecast Growth

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

Perella Weinberg Partners Company 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.