Sei Investments Co. grew its holdings in shares of WisdomTree Investments, Inc. (NASDAQ:WETF) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,253,847 shares of the asset manager’s stock after acquiring an additional 63,715 shares during the quarter. Sei Investments Co.’s holdings in WisdomTree Investments were worth $15,736,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of WETF. Robeco Institutional Asset Management B.V. acquired a new position in shares of WisdomTree Investments in the fourth quarter valued at approximately $5,194,000. Vanguard Group Inc. increased its stake in shares of WisdomTree Investments by 3.2% in the second quarter. Vanguard Group Inc. now owns 10,709,512 shares of the asset manager’s stock valued at $108,916,000 after buying an additional 327,661 shares during the period. Jackson Square Partners LLC increased its stake in shares of WisdomTree Investments by 4.9% in the third quarter. Jackson Square Partners LLC now owns 3,310,365 shares of the asset manager’s stock valued at $33,699,000 after buying an additional 153,705 shares during the period. Engineers Gate Manager LP increased its stake in shares of WisdomTree Investments by 237.6% in the fourth quarter. Engineers Gate Manager LP now owns 157,462 shares of the asset manager’s stock valued at $1,976,000 after buying an additional 110,825 shares during the period. Finally, State Street Corp increased its stake in shares of WisdomTree Investments by 3.8% in the second quarter. State Street Corp now owns 3,002,162 shares of the asset manager’s stock valued at $30,531,000 after buying an additional 110,032 shares during the period. 88.90% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $12.00 price objective on shares of WisdomTree Investments in a research note on Friday, February 2nd. Bank of America lowered their price objective on WisdomTree Investments from $10.00 to $9.50 and set an “underperform” rating for the company in a research note on Monday, February 5th. Citigroup lowered their price objective on WisdomTree Investments from $15.00 to $13.50 and set a “buy” rating for the company in a research note on Tuesday, February 6th. Northland Securities reaffirmed a “hold” rating and issued a $12.00 price objective on shares of WisdomTree Investments in a research note on Sunday, October 29th. Finally, BidaskClub raised WisdomTree Investments from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 22nd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $11.85.
In other WisdomTree Investments news, CEO Jonathan L. Steinberg sold 81,663 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $10.15, for a total transaction of $828,879.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kurt Macalpine bought 19,710 shares of the firm’s stock in a transaction 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. Corporate insiders own 16.60% of the company’s stock.
Shares of WisdomTree Investments, Inc. (NASDAQ:WETF) opened at $10.45 on Wednesday. The firm has a market cap of $1,430.00, a P/E ratio of 52.25, a price-to-earnings-growth ratio of 1.65 and a beta of 2.68. WisdomTree Investments, Inc. has a 52-week low of $7.87 and a 52-week high of $13.41.
WisdomTree Investments (NASDAQ:WETF) last released its earnings results on Friday, February 2nd. The asset manager reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). The firm had revenue of $61.39 million for the quarter, compared to analyst estimates of $60.89 million. WisdomTree Investments had a net margin of 11.46% and a return on equity of 16.00%. The business’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.03 EPS. equities research analysts anticipate that WisdomTree Investments, Inc. will post 0.42 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Tuesday, February 13th. WisdomTree Investments’s dividend payout ratio is presently 60.00%.
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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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