Swiss National Bank raised its position in Wisdom Tree Investments Inc (NASDAQ:WETF) by 2.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 237,500 shares of the asset manager’s stock after purchasing an additional 4,700 shares during the period. Swiss National Bank owned 0.15% of Wisdom Tree Investments worth $1,150,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of WETF. State Street Corp increased its stake in Wisdom Tree Investments by 3.0% in the third quarter. State Street Corp now owns 3,741,991 shares of the asset manager’s stock valued at $19,552,000 after purchasing an additional 107,526 shares in the last quarter. Millennium Management LLC grew its stake in Wisdom Tree Investments by 13.6% in the third quarter. Millennium Management LLC now owns 2,780,072 shares of the asset manager’s stock valued at $14,525,000 after acquiring an additional 333,687 shares during the period. Philadelphia Financial Management of San Francisco LLC acquired a new stake in Wisdom Tree Investments in the third quarter valued at approximately $6,039,000. State of New Jersey Common Pension Fund D increased its holdings in shares of Wisdom Tree Investments by 18.4% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 428,353 shares of the asset manager’s stock valued at $2,073,000 after acquiring an additional 66,553 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Wisdom Tree Investments by 4.5% during the fourth quarter. Rhumbline Advisers now owns 401,880 shares of the asset manager’s stock valued at $1,945,000 after acquiring an additional 17,132 shares in the last quarter. 73.85% of the stock is currently owned by institutional investors.
Several research firms recently issued reports on WETF. Morgan Stanley raised shares of Wisdom Tree Investments from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $5.25 to $6.00 in a research report on Wednesday, February 12th. BidaskClub lowered shares of Wisdom Tree Investments from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Zacks Investment Research raised shares of Wisdom Tree Investments from a “hold” rating to a “buy” rating and set a $4.75 price objective on the stock in a research note on Saturday, January 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Wisdom Tree Investments currently has a consensus rating of “Hold” and an average price target of $5.75.
WETF traded down $0.29 during midday trading on Monday, reaching $3.50. 16,820 shares of the company were exchanged, compared to its average volume of 1,907,016. The company has a market cap of $538.15 million, a price-to-earnings ratio of 35.00, a price-to-earnings-growth ratio of 7.45 and a beta of 1.45. Wisdom Tree Investments Inc has a one year low of $3.66 and a one year high of $8.00. The company’s fifty day moving average price is $4.36 and its 200 day moving average price is $4.82. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.67 and a current ratio of 1.56.
Wisdom Tree Investments (NASDAQ:WETF) last announced its earnings results on Friday, January 31st. The asset manager reported $0.06 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. Wisdom Tree Investments had a return on equity of 10.16% and a net margin of 7.34%. The company had revenue of $68.90 million for the quarter, compared to analysts’ expectations of $67.90 million. During the same quarter in the previous year, the firm earned $0.06 earnings per share. Wisdom Tree Investments’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Wisdom Tree Investments Inc will post 0.25 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend was Tuesday, February 11th. Wisdom Tree Investments’s dividend payout ratio (DPR) is presently 54.55%.
In other news, CEO Jonathan L. Steinberg acquired 177,099 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was purchased at an average price of $4.29 per share, for a total transaction of $759,754.71. Also, CFO Amit Muni sold 28,500 shares of Wisdom Tree Investments stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $3.87, for a total transaction of $110,295.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 325,628 shares of company stock worth $1,378,944. Company insiders own 14.90% of the company’s stock.
Wisdom Tree Investments Company Profile
WisdomTree Investments, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.
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