Legal & General Group Plc lifted its position in WisdomTree Investments, Inc. (NASDAQ:WETF) by 12.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 227,701 shares of the asset manager’s stock after purchasing an additional 24,603 shares during the quarter. Legal & General Group Plc owned about 0.17% of WisdomTree Investments worth $2,316,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Quantitative Systematic Strategies LLC purchased a new stake in shares of WisdomTree Investments in the second quarter valued at about $133,000. Capstone Asset Management Co. purchased a new stake in shares of WisdomTree Investments in the first quarter valued at about $120,000. Aperio Group LLC grew its holdings in shares of WisdomTree Investments by 31.7% in the second quarter. Aperio Group LLC now owns 13,353 shares of the asset manager’s stock valued at $136,000 after purchasing an additional 3,212 shares during the period. Tudor Investment Corp ET AL purchased a new stake in shares of WisdomTree Investments in the first quarter valued at about $123,000. Finally, State of Alaska Department of Revenue grew its holdings in shares of WisdomTree Investments by 78.1% in the second quarter. State of Alaska Department of Revenue now owns 22,651 shares of the asset manager’s stock valued at $230,000 after purchasing an additional 9,931 shares during the period. 92.49% of the stock is owned by hedge funds and other institutional investors.
In other WisdomTree Investments news, Director Bruce I. Lavine sold 19,849 shares of WisdomTree Investments stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $9.95, for a total value of $197,497.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 16.10% of the stock is owned by insiders.
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WisdomTree Investments, Inc. (NASDAQ:WETF) opened at 9.02 on Friday. WisdomTree Investments, Inc. has a 52 week low of $7.87 and a 52 week high of $13.32. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 41.00 and a beta of 3.14. The firm’s 50-day moving average is $9.25 and its 200 day moving average is $9.38.
WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings results on Friday, July 28th. The asset manager reported $0.09 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02. The company had revenue of $63.40 million during the quarter, compared to analysts’ expectations of $57.27 million. WisdomTree Investments had a return on equity of 15.41% and a net margin of 13.33%. The firm’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.07 EPS. On average, equities research analysts expect that WisdomTree Investments, Inc. will post $0.26 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend was Monday, August 7th. WisdomTree Investments’s dividend payout ratio (DPR) is 145.46%.
A number of equities research analysts recently issued reports on WETF shares. BidaskClub raised shares of WisdomTree Investments from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Jefferies Group LLC reissued a “buy” rating and issued a $14.00 price objective on shares of WisdomTree Investments in a report on Wednesday, June 28th. Zacks Investment Research lowered shares of WisdomTree Investments from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. ValuEngine lowered shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. Finally, Northland Securities reissued a “hold” rating and issued a $10.50 price objective on shares of WisdomTree Investments in a report on Sunday, July 30th. Five investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. WisdomTree Investments has a consensus rating of “Hold” and a consensus price target of $10.25.
About WisdomTree Investments
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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