The Manufacturers Life Insurance Company trimmed its position in shares of WisdomTree Investments, Inc. (NASDAQ:WETF) by 0.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 90,017 shares of the asset manager’s stock after selling 763 shares during the period. The Manufacturers Life Insurance Company owned about 0.07% of WisdomTree Investments worth $915,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in WETF. Penserra Capital Management LLC purchased a new position in shares of WisdomTree Investments during the 2nd quarter valued at about $107,000. Shelton Capital Management purchased a new position in shares of WisdomTree Investments during the 2nd quarter valued at about $116,000. Tudor Investment Corp ET AL purchased a new position in shares of WisdomTree Investments during the 1st quarter valued at about $123,000. Quantitative Systematic Strategies LLC purchased a new position in shares of WisdomTree Investments during the 2nd quarter valued at about $133,000. Finally, Aperio Group LLC raised its holdings in shares of WisdomTree Investments by 31.7% during the 2nd 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 in the last quarter. 91.83% of the stock is currently owned by institutional investors.
WisdomTree Investments, Inc. (WETF) opened at $11.13 on Wednesday. WisdomTree Investments, Inc. has a 1 year low of $7.87 and a 1 year high of $13.32. The stock has a market capitalization of $1,544.36, a P/E ratio of 49.04, a P/E/G ratio of 2.81 and a beta of 3.18.
WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings results on Friday, October 27th. The asset manager reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. WisdomTree Investments had a return on equity of 15.47% and a net margin of 12.98%. The business had revenue of $57.99 million for the quarter, compared to analyst estimates of $57.89 million. During the same period last year, the company earned $0.06 EPS. WisdomTree Investments’s revenue for the quarter was up 12.0% compared to the same quarter last year. equities analysts forecast that WisdomTree Investments, Inc. will post 0.25 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th will be given a dividend of $0.08 per share. The ex-dividend date is Tuesday, November 7th. This represents a $0.32 annualized dividend and a yield of 2.88%. WisdomTree Investments’s payout ratio is 145.46%.
A number of equities analysts recently weighed in on WETF shares. Zacks Investment Research cut WisdomTree Investments from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Northland Securities reissued a “hold” rating and set a $12.00 price objective on shares of WisdomTree Investments in a report on Sunday, October 29th. Jefferies Group LLC reissued a “buy” rating and set a $14.00 price objective on shares of WisdomTree Investments in a report on Thursday, September 7th. Keefe, Bruyette & Woods reissued a “sell” rating and set a $10.00 price objective on shares of WisdomTree Investments in a report on Thursday, October 12th. Finally, ValuEngine cut WisdomTree Investments from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. Five analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $11.28.
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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