Perella Weinberg Partners (NASDAQ:PWP) CFO Alexandra Gottschalk Sells 14,018 Shares

Perella Weinberg Partners (NASDAQ:PWP) CFO Alexandra Gottschalk sold 14,018 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $17.46, for a total transaction of $244,754.28. Following the completion of the sale, the chief financial officer owned 72,492 shares in the company, valued at approximately $1,265,710.32. This trade represents a 16.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Alexandra Gottschalk also recently made the following trade(s):

• On Tuesday, May 19th, Alexandra Gottschalk sold 43,788 shares of Perella Weinberg Partners stock. The stock was sold at an average price of $17.58, for a total transaction of $769,793.04.
• On Tuesday, May 5th, Alexandra Gottschalk sold 51,671 shares of Perella Weinberg Partners stock. The stock was sold at an average price of $19.74, for a total transaction of $1,019,985.54.

Perella Weinberg Partners Stock Performance

PWP opened at $17.71 on Thursday. The firm’s fifty day moving average is $18.87 and its two-hundred day moving average is $19.18. The firm has a market cap of $1.65 billion, a PE ratio of 73.79 and a beta of 1.74. Perella Weinberg Partners has a twelve month low of $15.74 and a twelve month high of $25.92.

Perella Weinberg Partners (NASDAQ:PWP) last posted its earnings results on Friday, May 1st. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.11). The firm had revenue of $148.92 million during the quarter, compared to analyst estimates of $158.82 million. Perella Weinberg Partners had a negative return on equity of 19.90% and a net margin of 2.82%.

Perella Weinberg Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a $0.07 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.28 annualized dividend and a yield of 1.6%. Perella Weinberg Partners’s dividend payout ratio (DPR) is 116.67%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PWP. William Blair Investment Management LLC boosted its holdings in Perella Weinberg Partners by 10.6% during the fourth quarter. William Blair Investment Management LLC now owns 3,946,163 shares of the company’s stock worth $68,269,000 after purchasing an additional 379,652 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Perella Weinberg Partners by 6.9% during the fourth quarter. Vanguard Group Inc. now owns 3,722,756 shares of the company’s stock worth $64,404,000 after purchasing an additional 241,363 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its holdings in Perella Weinberg Partners by 73.5% during the second quarter. Adage Capital Partners GP L.L.C. now owns 3,136,484 shares of the company’s stock worth $60,911,000 after purchasing an additional 1,328,312 shares during the last quarter. Nuveen LLC boosted its holdings in Perella Weinberg Partners by 29.2% during the fourth quarter. Nuveen LLC now owns 2,861,405 shares of the company’s stock worth $49,502,000 after purchasing an additional 646,143 shares during the last quarter. Finally, State Street Corp boosted its holdings in Perella Weinberg Partners by 2.2% during the fourth quarter. State Street Corp now owns 1,798,302 shares of the company’s stock worth $31,111,000 after purchasing an additional 39,544 shares during the last quarter. Institutional investors and hedge funds own 41.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Perella Weinberg Partners from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Keefe, Bruyette & Woods upped their price target on shares of Perella Weinberg Partners from $21.00 to $23.50 and gave the company an “outperform” rating in a report on Monday, May 4th. Weiss Ratings cut shares of Perella Weinberg Partners from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Citizens Jmp reduced their price target on shares of Perella Weinberg Partners from $32.00 to $30.00 and set a “market outperform” rating for the company in a report on Friday, April 10th. Finally, The Goldman Sachs Group upped their price target on shares of Perella Weinberg Partners from $17.50 to $19.50 and gave the company a “sell” rating in a report on Tuesday, April 14th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Perella Weinberg Partners has a consensus rating of “Hold” and a consensus target price of $23.50.

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.