Geode Capital Management LLC raised its stake in WisdomTree Investments, Inc. (NASDAQ:WETF) by 3.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 905,034 shares of the asset manager’s stock after buying an additional 33,442 shares during the period. Geode Capital Management LLC’s holdings in WisdomTree Investments were worth $8,217,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. GSA Capital Partners LLP raised 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 worth $195,000 after buying an additional 144 shares during the last quarter. Teachers Advisors LLC raised its stake in WisdomTree Investments by 6.7% in the fourth quarter. Teachers Advisors LLC now owns 221,994 shares of the asset manager’s stock worth $2,473,000 after buying an additional 14,015 shares during the last quarter. Russell Investments Group Ltd. raised its stake in WisdomTree Investments by 57.5% in the first quarter. Russell Investments Group Ltd. now owns 518,282 shares of the asset manager’s stock worth $4,707,000 after buying an additional 189,168 shares during the last quarter. Capstone Asset Management Co. purchased a new stake in WisdomTree Investments during the first quarter worth $120,000. Finally, Suntrust Banks Inc. raised its stake in WisdomTree Investments by 24.9% in the first quarter. Suntrust Banks Inc. now owns 24,272 shares of the asset manager’s stock worth $219,000 after buying an additional 4,845 shares during the last quarter. 95.28% of the stock is owned by institutional investors.
Shares of WisdomTree Investments, Inc. (NASDAQ WETF) traded up 0.344% on Thursday, reaching $10.205. 131,638 shares of the company’s stock traded hands. WisdomTree Investments, Inc. has a 52 week low of $7.87 and a 52 week high of $13.32. The company’s 50-day moving average is $10.29 and its 200-day moving average is $9.47. The firm has a market capitalization of $1.37 billion, a P/E ratio of 46.598 and a beta of 3.09.
WisdomTree Investments (NASDAQ:WETF) last announced its earnings results on Friday, July 28th. The asset manager reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.02. WisdomTree Investments had a net margin of 13.33% and a return on equity of 15.41%. The business had revenue of $63.40 million for the quarter, compared to analyst estimates of $57.27 million. During the same quarter in the previous year, the firm posted $0.07 earnings per share. WisdomTree Investments’s revenue was up 13.2% compared to the same quarter last year. Equities research analysts anticipate that WisdomTree Investments, Inc. will post $0.24 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Monday, August 7th. WisdomTree Investments’s dividend payout ratio (DPR) is currently 145.46%.
WETF has been the subject of a number of recent analyst reports. ValuEngine raised shares of WisdomTree Investments from a “sell” rating to a “hold” rating in a report on Tuesday. Citigroup Inc. raised shares of WisdomTree Investments from a “neutral” rating to a “buy” rating and set a $10.50 price target for the company in a report on Monday, May 15th. Keefe, Bruyette & Woods reaffirmed a “sell” rating and set a $8.00 price target on shares of WisdomTree Investments in a report on Monday, April 10th. Zacks Investment Research lowered shares of WisdomTree Investments from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Finally, BidaskClub raised shares of WisdomTree Investments from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $10.11.
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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