Sei Investments Co. trimmed its position in shares of WisdomTree Investments, Inc. (NASDAQ:WETF) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,190,132 shares of the asset manager’s stock after selling 10,919 shares during the quarter. Sei Investments Co. owned approximately 0.87% of WisdomTree Investments worth $12,116,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of WETF. Everence Capital Management Inc. purchased a new stake in WisdomTree Investments during the third quarter worth $103,000. Penserra Capital Management LLC purchased a new stake in shares of WisdomTree Investments in the second quarter valued at $107,000. Traynor Capital Management Inc. purchased a new stake in shares of WisdomTree Investments in the third quarter valued at $111,000. Shelton Capital Management purchased a new stake in shares of WisdomTree Investments in the second quarter valued at $116,000. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of WisdomTree Investments in the first quarter valued at $123,000. Institutional investors own 91.61% of the company’s stock.
Shares of WisdomTree Investments, Inc. (NASDAQ:WETF) traded up $0.27 during trading hours on Monday, reaching $12.00. The company’s stock had a trading volume of 2,602,919 shares, compared to its average volume of 2,063,275. The firm has a market capitalization of $1,605.97, a price-to-earnings ratio of 51.00, a PEG ratio of 2.77 and a beta of 3.16. WisdomTree Investments, Inc. has a 12 month low of $7.87 and a 12 month high of $13.32.
WisdomTree Investments (NASDAQ:WETF) last announced its quarterly earnings results on Friday, October 27th. The asset manager reported $0.06 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. WisdomTree Investments had a return on equity of 15.47% and a net margin of 12.98%. The company had revenue of $57.99 million during the quarter, compared to analyst estimates of $57.89 million. During the same period in the prior year, the firm posted $0.06 earnings per share. The firm’s revenue was up 12.0% on a year-over-year basis. research analysts forecast that WisdomTree Investments, Inc. will post 0.25 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th were paid a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.67%. WisdomTree Investments’s dividend payout ratio (DPR) is currently 145.46%.
Several analysts have recently issued reports on the company. Citigroup restated a “buy” rating and issued a $15.00 price objective on shares of WisdomTree Investments in a research report on Monday, October 30th. Northland Securities restated a “hold” rating and issued a $12.00 price objective on shares of WisdomTree Investments in a research report on Sunday, October 29th. Keefe, Bruyette & Woods upgraded WisdomTree Investments from an “underperform” rating to a “mkt perform” rating in a research report on Tuesday, November 14th. Zacks Investment Research downgraded WisdomTree Investments from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. Finally, UBS increased their target price on WisdomTree Investments from $8.00 to $8.50 and gave the stock a “sell” rating in a research report on Tuesday, November 14th. Five analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. WisdomTree Investments has a consensus rating of “Hold” and a consensus target price of $11.28.
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WisdomTree Investments Profile
WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (ETFs). The Company’s family of ETFs includes funds that track its own indexes, funds that track third party indexes and actively managed funds. It operates as an exchange traded products sponsor and asset manager providing investment advisory services in the United States, Europe, Canada and Japan.
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