Boston Partners Has $11.39 Million Stake in Perella Weinberg Partners $PWP

Core Insights - Boston Partners increased its stake in Perella Weinberg Partners by 19.6% during Q2, owning 586,419 shares valued at approximately $11.39 million [2] - Institutional investors and hedge funds currently own 41.07% of Perella Weinberg Partners' stock [3] Institutional Investment Activity - US Bancorp DE raised its stake by 5.8%, now holding 18,623 shares valued at $343,000 [3] - Ameritas Investment Partners Inc. increased its position by 20.9%, owning 6,225 shares worth $121,000 [3] - ProShare Advisors LLC lifted its position by 11.6%, now owning 12,502 shares valued at $243,000 [3] - MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings by 4.6%, owning 30,745 shares worth $566,000 [3] - Universal Beteiligungs und Servicegesellschaft mbH raised its stake by 3.7%, now holding 42,145 shares valued at $818,000 [3] Analyst Ratings and Price Targets - Keefe, Bruyette & Woods reduced the target price from $21.00 to $19.00, maintaining a "market perform" rating [4] - Wall Street Zen downgraded the stock from "hold" to "sell" [4] - Weiss Ratings reiterated a "hold (c)" rating [4] - The consensus rating is "Hold" with a price target of $22.00 [4] Stock Performance - Perella Weinberg Partners' stock opened at $18.27, with a 52-week low of $14.12 and a high of $27.03 [5] - The company has a market cap of $1.62 billion, a P/E ratio of 27.68, and a beta of 1.63 [5] - The 50-day moving average price is $19.42, and the 200-day moving average price is $19.95 [5] Earnings Results - The company reported an EPS of $0.13, missing the consensus estimate of $0.14 by $0.01 [6] - Revenue for the quarter was $164.65 million, below the consensus estimate of $179.83 million [6] - The company had a negative return on equity of 21.55% and a net margin of 6.15% [6] Dividend Announcement - A quarterly dividend of $0.07 will be paid on December 15th, with a yield of 1.5% [7] - The dividend payout ratio is currently 42.42% [7] Company Overview - Perella Weinberg Partners is an independent investment banking firm providing strategic and financial advisory services [8][9]