Wells Fargo & Company MN Cuts Stake in WisdomTree Investments (NASDAQ:WETF)

Wells Fargo & Company MN decreased its position in shares of WisdomTree Investments (NASDAQ:WETF) by 1.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,143,239 shares of the asset manager’s stock after selling 14,503 shares during the quarter. Wells Fargo & Company MN owned approximately 0.83% of WisdomTree Investments worth $14,348,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WETF. Fisher Asset Management LLC increased its holdings in WisdomTree Investments by 1.9% in the 4th quarter. Fisher Asset Management LLC now owns 1,118,641 shares of the asset manager’s stock valued at $14,039,000 after acquiring an additional 20,656 shares during the last quarter. Essex Investment Management Co. LLC bought a new stake in WisdomTree Investments in the 4th quarter valued at $387,000. Schwab Charles Investment Management Inc. increased its holdings in WisdomTree Investments by 19.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 548,883 shares of the asset manager’s stock valued at $6,889,000 after acquiring an additional 91,183 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in WisdomTree Investments by 59.0% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 43,060 shares of the asset manager’s stock valued at $438,000 after acquiring an additional 15,970 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of WisdomTree Investments by 5.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 765,395 shares of the asset manager’s stock worth $7,584,000 after buying an additional 42,923 shares during the last quarter. Institutional investors own 86.35% of the company’s stock.

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Shares of WETF traded down $0.24 during mid-day trading on Friday, hitting $8.80. The company’s stock had a trading volume of 916,014 shares, compared to its average volume of 1,200,240. WisdomTree Investments has a 52-week low of $7.87 and a 52-week high of $13.41. The stock has a market capitalization of $1,245.09, a PE ratio of 36.67, a PEG ratio of 1.43 and a beta of 2.67.

WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings data on Friday, February 2nd. The asset manager reported $0.04 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.03). The firm had revenue of $61.39 million for the quarter, compared to the consensus estimate of $60.89 million. WisdomTree Investments had a return on equity of 16.16% and a net margin of 11.46%. The company’s revenue was up 20.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.03 EPS. equities analysts expect that WisdomTree Investments will post 0.42 earnings per share for the current fiscal year.

In other news, insider Kurt Macalpine acquired 19,710 shares of WisdomTree Investments stock in a transaction that occurred on Monday, February 5th. The stock was purchased at an average price of $10.38 per share, for a total transaction of $204,589.80. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jonathan L. Steinberg sold 81,663 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $10.15, for a total transaction of $828,879.45. The disclosure for this sale can be found here. In the last quarter, insiders have sold 941,936 shares of company stock valued at $9,354,156. 16.10% of the stock is currently owned by company insiders.

A number of research firms have recently weighed in on WETF. Deutsche Bank reduced their target price on shares of WisdomTree Investments from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Friday. BidaskClub downgraded shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a report on Tuesday, March 13th. ValuEngine downgraded shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Morgan Stanley cut their price target on shares of WisdomTree Investments from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 13th. Finally, Citigroup cut their price target on shares of WisdomTree Investments from $15.00 to $13.50 and set a “buy” rating on the stock in a report on Tuesday, February 6th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. WisdomTree Investments presently has an average rating of “Hold” and an average target price of $12.17.

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WisdomTree Investments Profile

WisdomTree Investments, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.

Institutional Ownership by Quarter for WisdomTree Investments (NASDAQ:WETF)

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