Texas Permanent School Fund lessened its stake in WisdomTree Investments, Inc. (NASDAQ:WETF) by 7.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,740 shares of the asset manager’s stock after selling 6,235 shares during the period. Texas Permanent School Fund owned 0.06% of WisdomTree Investments worth $976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its stake in WisdomTree Investments by 3.5% in the second quarter. PNC Financial Services Group Inc. now owns 19,688 shares of the asset manager’s stock valued at $201,000 after purchasing an additional 668 shares during the last quarter. Tudor Investment Corp ET AL grew its stake in WisdomTree Investments by 5.4% in the second quarter. Tudor Investment Corp ET AL now owns 14,289 shares of the asset manager’s stock valued at $145,000 after purchasing an additional 726 shares during the last quarter. Amalgamated Bank grew its stake in WisdomTree Investments by 5.0% in the second quarter. Amalgamated Bank now owns 15,966 shares of the asset manager’s stock valued at $162,000 after purchasing an additional 760 shares during the last quarter. TIAA CREF Investment Management LLC grew its stake in WisdomTree Investments by 0.3% in the second quarter. TIAA CREF Investment Management LLC now owns 310,856 shares of the asset manager’s stock valued at $3,161,000 after purchasing an additional 1,011 shares during the last quarter. Finally, Advisor Group Inc. grew its stake in WisdomTree Investments by 12.4% in the second quarter. Advisor Group Inc. now owns 15,383 shares of the asset manager’s stock valued at $157,000 after purchasing an additional 1,700 shares during the last quarter. Institutional investors own 89.79% of the company’s stock.
Shares of WisdomTree Investments, Inc. (NASDAQ WETF) opened at $10.06 on Thursday. The firm has a market capitalization of $1,404.21, a PE ratio of 50.30, a price-to-earnings-growth ratio of 1.59 and a beta of 2.69. WisdomTree Investments, Inc. has a twelve month low of $7.87 and a twelve month high of $13.41.
WisdomTree Investments (NASDAQ:WETF) last issued its quarterly earnings results on Friday, February 2nd. The asset manager reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03). The business had revenue of $61.39 million during the quarter, compared to analyst estimates of $60.89 million. WisdomTree Investments had a return on equity of 16.00% and a net margin of 11.46%. WisdomTree Investments’s revenue was up 20.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.03 EPS. research analysts anticipate that WisdomTree Investments, Inc. will post 0.43 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.19%. The ex-dividend date is Tuesday, February 13th. WisdomTree Investments’s dividend payout ratio is presently 160.00%.
In related news, Director Frank Salerno sold 50,000 shares of WisdomTree Investments stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $11.71, for a total transaction of $585,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kurt Macalpine bought 19,710 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were purchased at an average cost of $10.38 per share, with a total value of $204,589.80. The disclosure for this purchase can be found here. 16.60% of the stock is currently owned by company insiders.
WETF has been the topic of several analyst reports. Northland Securities reiterated a “hold” rating and issued a $12.00 target price on shares of WisdomTree Investments in a research note on Sunday, October 29th. BidaskClub upgraded WisdomTree Investments from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 6th. Keefe, Bruyette & Woods upgraded WisdomTree Investments from an “underperform” rating to a “mkt perform” rating in a research note on Tuesday, November 14th. Citigroup reissued a “buy” rating and issued a $15.00 price target on shares of WisdomTree Investments in a report on Monday, October 30th. Finally, Zacks Investment Research downgraded WisdomTree Investments from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $11.85.
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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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