Whittier Trust Co. boosted its stake in shares of WisdomTree Investments, Inc. (NASDAQ:WETF) by 2.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,988 shares of the asset manager’s stock after buying an additional 2,297 shares during the period. Whittier Trust Co. owned approximately 0.07% of WisdomTree Investments worth $915,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of WETF. State of Alaska Department of Revenue purchased a new stake in WisdomTree Investments during the first quarter valued at $115,000. Capstone Asset Management Co. purchased a new stake in WisdomTree Investments during the first quarter valued at $120,000. Aperio Group LLC increased its stake in 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 buying an additional 3,212 shares during the last quarter. Tudor Investment Corp ET AL purchased a new stake in WisdomTree Investments during the first quarter valued at $123,000. Finally, GSA Capital Partners LLP increased its stake in WisdomTree Investments by 0.8% in the fourth quarter. GSA Capital Partners LLP now owns 17,544 shares of the asset manager’s stock valued at $195,000 after buying an additional 144 shares during the last quarter.
Shares of WisdomTree Investments, Inc. (WETF) traded down 1.59% during midday trading on Friday, hitting $10.54. The company had a trading volume of 1,335,036 shares. WisdomTree Investments, Inc. has a 12 month low of $7.87 and a 12 month high of $13.32. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 70.27 and a beta of 3.10. The stock’s 50-day moving average price is $10.09 and its 200-day moving average price is $9.55.
WisdomTree Investments (NASDAQ:WETF) last released its quarterly earnings data on Friday, April 28th. The asset manager reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.01. WisdomTree Investments had a return on equity of 11.15% and a net margin of 9.83%. The business had revenue of $54.60 million during the quarter, compared to analyst estimates of $53.38 million. During the same quarter in the previous year, the firm posted $0.09 EPS. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year. On average, equities research analysts forecast that WisdomTree Investments, Inc. will post $0.25 EPS for the current year.
Several equities research analysts have recently weighed in on the company. ValuEngine downgraded WisdomTree Investments from a “hold” rating to a “sell” rating in a report on Thursday. Zacks Investment Research raised WisdomTree Investments from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Tuesday, July 4th. 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. Keefe, Bruyette & Woods reissued a “sell” rating and issued a $8.00 price objective on shares of WisdomTree Investments in a report on Monday, April 10th. Finally, BidaskClub raised WisdomTree Investments from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Five investment analysts have rated the stock with a sell rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $9.94.
WisdomTree Investments Company 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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