Perella Weinberg Partners L.P. is a global financial services firm focused on investment banking advisory services. The firm was founded in 2006 by Joseph R. Perella, Peter A. Weinberg and Terry Meguid, and went public in 2021.
Company profile
Ticker
PWP
Exchange
Website
CEO
Peter A. Weinberg
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
FinTech Acquisition Corp. IV
SEC CIK
Corporate docs
Subsidiaries
PWP GP LLC • PWP Holdings LP • PWP Group GP LLC • Perella Weinberg Partners Group LP • PWP Employer LLC • PWP Employer LP • Perella Weinberg Partners Europe (Cayman) LDC • TPH International GP LLC • Perella Weinberg Partners France SAS • Perella Weinberg GmbH ...
IRS number
841770732
PWP stock data
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
1 Mar 24
424B5
Prospectus supplement for primary offering
29 Feb 24
424B5
Prospectus supplement for primary offering
27 Feb 24
10-K
2023 FY
Annual report
23 Feb 24
S-8
Registration of securities for employees
9 Feb 24
8-K
Results of Operations and Financial Condition
8 Feb 24
8-K
Entry into a Material Definitive Agreement
2 Jan 24
8-K
Unregistered Sales of Equity Securities
4 Dec 23
10-Q
2023 Q3
Quarterly report
7 Nov 23
8-K
Financial Overview - Third Quarter
7 Nov 23
Transcripts
PWP
Earnings call transcript
2023 Q4
8 Feb 24
PWP
Earnings call transcript
2023 Q3
7 Nov 23
PWP
Earnings call transcript
2023 Q2
3 Aug 23
PWP
Earnings call transcript
2023 Q2
3 Aug 23
PWP
Earnings call transcript
2023 Q1
4 May 23
PWP
Earnings call transcript
2023 Q1
4 May 23
PWP
Earnings call transcript
2022 Q4
9 Feb 23
PWP
Earnings call transcript
2022 Q3
5 Nov 22
PWP
Earnings call transcript
2022 Q2
4 Aug 22
PWP
Earnings call transcript
2022 Q1
7 May 22
Latest ownership filings
144
Notice of proposed sale of securities
7 Mar 24
4
Alexandra Gottschalk
7 Mar 24
4
ROBERT K STEEL
7 Mar 24
4
Dietrich Becker
7 Mar 24
4
Andrew Bednar
7 Mar 24
4
Peter A Weinberg
7 Mar 24
144
Notice of proposed sale of securities
6 Mar 24
144
Notice of proposed sale of securities
5 Mar 24
144
Notice of proposed sale of securities
4 Mar 24
4
Change in insider ownership
1 Mar 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | |
---|---|---|---|---|
Revenue | ||||
Cost of revenue | ||||
Operating income | ||||
Operating margin | ||||
Net income | ||||
Net profit margin | ||||
Cash on hand | ||||
Change in cash | ||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 129.20 mm | 129.20 mm | 129.20 mm | 129.20 mm | 129.20 mm | 129.20 mm |
Cash burn (monthly) | 1.07 mm | 1.36 mm | 8.90 mm | 7.93 mm | (no burn) | (no burn) |
Cash used (since last report) | 6.40 mm | 8.13 mm | 53.24 mm | 47.46 mm | n/a | n/a |
Cash remaining | 122.80 mm | 121.07 mm | 75.96 mm | 81.74 mm | n/a | n/a |
Runway (months of cash) | 114.8 | 89.1 | 8.5 | 10.3 | n/a | n/a |
Institutional ownership, Q2 2023
89.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 100 |
Opened positions | 17 |
Closed positions | 15 |
Increased positions | 34 |
Reduced positions | 35 |
13F shares | Current |
---|---|
Total value | 276.45 bn |
Total shares | 37.37 mm |
Total puts | 0.00 |
Total calls | 25.30 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
FMR | 5.57 mm | $46.40 bn |
BLK Blackrock | 3.20 mm | $26.64 bn |
Wellington Management | 2.82 mm | $23.34 bn |
Adage Capital Partners GP, L.L.C. | 2.76 mm | $22.97 bn |
Vanguard | 2.33 mm | $19.40 bn |
Schroder Investment Management | 2.29 mm | $19.04 bn |
Bay Pond Partners | 2.16 mm | $21.13 mm |
Hotchkis & Wiley Capital Management | 1.93 mm | $16.10 bn |
Integrated Core Strategies | 1.88 mm | $24.22 mm |
Russell Investments | 1.51 mm | $12.55 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Mar 24 | PWP VoteCo Professionals | Class B-1 Common Stock Class A Common Stock | Other | Dispose J | No | No | 0 | 793,354 | 0.00 | 39,673,721 |
26 Feb 24 | Dietrich Becker | Class A Common Stock | Payment of exercise | Dispose F | No | No | 12.97 | 16,059 | 208.29 k | 464,337 |
26 Feb 24 | Andrew Bednar | Class A Common Stock | Payment of exercise | Dispose F | No | No | 12.97 | 17,318 | 224.61 k | 543,896 |
26 Feb 24 | Peter A Weinberg | Class A Common Stock | Payment of exercise | Dispose F | No | No | 12.97 | 15,809 | 205.04 k | 2,043,117 |
26 Feb 24 | Steel Robert K | Class A Common Stock | Payment of exercise | Dispose F | No | No | 12.97 | 2,609 | 33.84 k | 75,161 |
News
Perella Weinberg Q4 2023 Adj EPS $0.08 Beats $0.04 Estimate, Sales $212.68M Beat $176.24M Estimate
8 Feb 24
Earnings Scheduled For February 8, 2024
8 Feb 24
Earnings Preview For Perella Weinberg
7 Feb 24
Keefe, Bruyette & Woods Reinstates Outperform on Perella Weinberg, Announces $16 Price Target
29 Jan 24
Goldman Sachs Downgrades Perella Weinberg to Sell, Lowers Price Target to $11.5
9 Jan 24
Press releases
Perella Weinberg Partners Prices Upsized Public Offering of Class A Common Stock
27 Feb 24
Perella Weinberg Partners Commences Public Offering of Class A Common Stock
27 Feb 24
Perella Weinberg to Present at the Bank of America 2024 Financial Services Conference
14 Feb 24
Perella Weinberg Reports Full Year and Fourth Quarter 2023 Results
8 Feb 24
Perella Weinberg to Announce Full Year and Fourth Quarter 2023 Financial Results and to Host Conference Call on February 8, 2024
25 Jan 24