BlackRock Inc. Has $133.26 Million Position in WisdomTree Investments, Inc. (WETF)

BlackRock Inc. lowered its holdings in WisdomTree Investments, Inc. (NASDAQ:WETF) by 2.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,103,232 shares of the asset manager’s stock after selling 296,559 shares during the period. BlackRock Inc. owned about 9.74% of WisdomTree Investments worth $133,261,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new position in WisdomTree Investments in the second quarter valued at $107,000. Quantitative Systematic Strategies LLC bought a new position in WisdomTree Investments in the second quarter valued at $133,000. Aperio Group LLC grew its position 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 purchasing an additional 3,212 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in WisdomTree Investments in the first quarter valued at $123,000. Finally, Flagship Harbor Advisors LLC grew its position in WisdomTree Investments by 35.0% in the second quarter. Flagship Harbor Advisors LLC now owns 16,257 shares of the asset manager’s stock valued at $174,000 after purchasing an additional 4,212 shares in the last quarter. 92.53% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently weighed in on WETF. Keefe, Bruyette & Woods reaffirmed an “underperform” rating on shares of WisdomTree Investments in a research report on Thursday, August 10th. BidaskClub downgraded shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. ValuEngine raised shares of WisdomTree Investments from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Gabelli reaffirmed a “buy” rating on shares of WisdomTree Investments in a research report on Monday, July 31st. Finally, UBS AG reaffirmed a “sell” rating and issued a $8.00 target price (up previously from $7.50) on shares of WisdomTree Investments in a research report on Monday, July 31st. Six equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $10.33.

In other news, Director Bruce I. Lavine sold 19,849 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $9.95, for a total value of $197,497.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 16.60% of the company’s stock.

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WisdomTree Investments, Inc. (NASDAQ:WETF) opened at 10.99 on Monday. 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 $1.48 billion, a P/E ratio of 49.95 and a beta of 3.15. The stock has a 50 day moving average of $9.62 and a 200-day moving average of $9.53.

WisdomTree Investments (NASDAQ:WETF) last posted its earnings results on Friday, July 28th. The asset manager reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $63.40 million during the quarter, compared to analyst estimates of $57.27 million. During the same quarter in the prior year, the business posted $0.07 EPS. The business’s revenue was up 13.2% compared to the same quarter last year. Equities research analysts expect that WisdomTree Investments, Inc. will post $0.25 EPS for the current year.

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.

Institutional Ownership by Quarter for WisdomTree Investments (NASDAQ:WETF)

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