Wells Fargo & Company MN decreased its position in shares of WisdomTree Investments, Inc. (NASDAQ:WETF) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,143,239 shares of the asset manager’s stock after selling 14,503 shares during the period. Wells Fargo & Company MN owned 0.83% of WisdomTree Investments worth $14,348,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WETF. Crossmark Global Holdings Inc. bought a new stake in shares of WisdomTree Investments during the third quarter valued at approximately $204,000. Victory Capital Management Inc. raised its position in shares of WisdomTree Investments by 58.4% during the third quarter. Victory Capital Management Inc. now owns 57,207 shares of the asset manager’s stock valued at $582,000 after buying an additional 21,099 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of WisdomTree Investments by 87.2% during the third quarter. BNP Paribas Arbitrage SA now owns 71,190 shares of the asset manager’s stock valued at $725,000 after buying an additional 33,156 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of WisdomTree Investments by 59.0% during the third quarter. Municipal Employees Retirement System of Michigan now owns 43,060 shares of the asset manager’s stock valued at $438,000 after buying an additional 15,970 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of WisdomTree Investments by 42.3% during the third quarter. Russell Investments Group Ltd. now owns 120,529 shares of the asset manager’s stock valued at $1,227,000 after buying an additional 35,803 shares during the last quarter. Institutional investors own 86.45% of the company’s stock.
WisdomTree Investments, Inc. (NASDAQ:WETF) opened at $9.52 on Friday. WisdomTree Investments, Inc. has a fifty-two week low of $7.87 and a fifty-two week high of $13.41. The firm has a market cap of $1,311.20, a price-to-earnings ratio of 39.67, a P/E/G ratio of 1.52 and a beta of 2.74.
WisdomTree Investments (NASDAQ:WETF) last posted its earnings results on Friday, February 2nd. The asset manager reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). WisdomTree Investments had a net margin of 11.46% and a return on equity of 16.16%. The business had revenue of $61.39 million during the quarter, compared to analysts’ expectations of $60.89 million. During the same period last year, the business posted $0.03 earnings per share. The company’s revenue for the quarter was up 20.8% compared to the same quarter last year. analysts anticipate that WisdomTree Investments, Inc. will post 0.42 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Tuesday, February 13th. WisdomTree Investments’s dividend payout ratio (DPR) is presently 60.00%.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of WisdomTree Investments from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. Jefferies Group reiterated a “buy” rating and set a $15.00 price objective on shares of WisdomTree Investments in a research report on Thursday, January 11th. BidaskClub upgraded shares of WisdomTree Investments from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 22nd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $12.00 price objective on shares of WisdomTree Investments in a research report on Friday, February 2nd. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.28.
In other WisdomTree Investments news, Director Michael H. Steinhardt sold 453,926 shares of WisdomTree Investments stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $9.89, for a total transaction of $4,489,328.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David J. Abner sold 25,000 shares of WisdomTree Investments stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $10.52, for a total transaction of $263,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 941,936 shares of company stock valued at $9,354,156. 16.10% of the stock is currently owned by insiders.
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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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