MetLife Investment Advisors LLC purchased a new position in shares of WisdomTree Investments (NASDAQ:WETF) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 53,688 shares of the asset manager’s stock, valued at approximately $674,000.
Several other hedge funds have also recently added to or reduced their stakes in the stock. TimesSquare Capital Management LLC boosted its stake in shares of WisdomTree Investments by 16.3% during the 4th quarter. TimesSquare Capital Management LLC now owns 8,403,900 shares of the asset manager’s stock worth $105,469,000 after purchasing an additional 1,176,600 shares during the period. Fred Alger Management Inc. boosted its stake in shares of WisdomTree Investments by 26.2% during the 4th quarter. Fred Alger Management Inc. now owns 7,392,054 shares of the asset manager’s stock worth $92,770,000 after purchasing an additional 1,535,994 shares during the period. Clearbridge Investments LLC boosted its stake in shares of WisdomTree Investments by 0.7% during the 4th quarter. Clearbridge Investments LLC now owns 4,842,415 shares of the asset manager’s stock worth $60,772,000 after purchasing an additional 34,160 shares during the period. Standard Life Aberdeen plc boosted its stake in shares of WisdomTree Investments by 19.4% during the 4th quarter. Standard Life Aberdeen plc now owns 3,694,333 shares of the asset manager’s stock worth $46,383,000 after purchasing an additional 600,276 shares during the period. Finally, Granite Investment Partners LLC boosted its stake in shares of WisdomTree Investments by 1.7% during the 4th quarter. Granite Investment Partners LLC now owns 1,483,974 shares of the asset manager’s stock worth $18,624,000 after purchasing an additional 24,513 shares during the period. 86.35% of the stock is owned by hedge funds and other institutional investors.
In other WisdomTree Investments news, insider Kurt Macalpine purchased 19,710 shares of the stock in a transaction dated Monday, February 5th. The stock was purchased at an average price of $10.38 per share, with a total value of $204,589.80. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael H. Steinhardt sold 453,926 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $9.89, for a total transaction of $4,489,328.14. 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. 16.60% of the stock is owned by corporate insiders.
WETF has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of WisdomTree Investments from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Jefferies Group reaffirmed a “buy” rating and set a $15.00 price target on shares of WisdomTree Investments in a research note on Thursday, January 11th. Morgan Stanley dropped their price target on shares of WisdomTree Investments from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 13th. BidaskClub cut shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Tuesday, March 13th. Finally, Deutsche Bank set a $13.00 price target on shares of WisdomTree Investments and gave the stock a “buy” rating in a research note on Tuesday, March 6th. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $11.83.
WisdomTree Investments stock opened at $9.11 on Tuesday. The stock has a market capitalization of $1,227.19, a price-to-earnings ratio of 37.96, a P/E/G ratio of 1.57 and a beta of 2.67. WisdomTree Investments has a 1 year low of $7.87 and a 1 year high of $13.41.
WisdomTree Investments (NASDAQ:WETF) last released its quarterly earnings data on Friday, February 2nd. The asset manager reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.03). The company had revenue of $61.39 million during the quarter, compared to analysts’ expectations of $60.89 million. WisdomTree Investments had a net margin of 11.46% and a return on equity of 16.16%. WisdomTree Investments’s quarterly revenue was up 20.8% on a year-over-year basis. During the same period last year, the firm earned $0.03 earnings per share. equities research analysts anticipate that WisdomTree Investments will post 0.38 earnings per share for the current year.
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WisdomTree Investments Company 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.
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