TIAA CREF Investment Management LLC Decreases Position in WisdomTree Investments, Inc. (WETF)

TIAA CREF Investment Management LLC cut its stake in WisdomTree Investments, Inc. (NASDAQ:WETF) by 6.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 309,845 shares of the asset manager’s stock after selling 19,831 shares during the period. TIAA CREF Investment Management LLC owned 0.23% of WisdomTree Investments worth $2,813,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in WisdomTree Investments by 70.0% in the fourth quarter. FMR LLC now owns 1,027,500 shares of the asset manager’s stock valued at $11,446,000 after buying an additional 423,000 shares during the period. GSA Capital Partners LLP boosted 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 valued at $195,000 after buying an additional 144 shares during the period. Teachers Advisors LLC boosted 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 valued at $2,473,000 after buying an additional 14,015 shares during the period. New England Research & Management Inc. boosted its stake in WisdomTree Investments by 60.1% in the first quarter. New England Research & Management Inc. now owns 55,300 shares of the asset manager’s stock valued at $502,000 after buying an additional 20,750 shares during the period. Finally, Koshinski Asset Management Inc. boosted its stake in WisdomTree Investments by 41.4% in the first quarter. Koshinski Asset Management Inc. now owns 69,119 shares of the asset manager’s stock valued at $628,000 after buying an additional 20,249 shares during the period. Institutional investors own 95.28% of the company’s stock.

WisdomTree Investments, Inc. (NASDAQ:WETF) traded up 0.34% during midday trading on Friday, reaching $8.91. 1,204,379 shares of the company were exchanged. WisdomTree Investments, Inc. has a 52-week low of $7.87 and a 52-week high of $13.32. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 40.50 and a beta of 3.09. The firm’s 50-day moving average price is $10.10 and its 200 day moving average price is $9.39.

WisdomTree Investments (NASDAQ:WETF) last issued its earnings results on Friday, July 28th. The asset manager reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. WisdomTree Investments had a return on equity of 15.41% and a net margin of 13.33%. The company had revenue of $63.40 million for the quarter, compared to the consensus estimate of $57.27 million. During the same quarter in the prior year, the company earned $0.07 EPS. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. Equities analysts predict that WisdomTree Investments, Inc. will post $0.24 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, August 7th. This represents a $0.32 dividend on an annualized basis and a yield of 3.59%. WisdomTree Investments’s dividend payout ratio is currently 145.46%.

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Several analysts recently commented on WETF shares. Citigroup Inc. upgraded shares of WisdomTree Investments from a “neutral” rating to a “buy” rating and set a $10.50 price objective for the company in a research note on Monday, May 15th. BidaskClub upgraded shares of WisdomTree Investments from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Jefferies Group LLC reiterated a “buy” rating and issued a $14.00 price objective on shares of WisdomTree Investments in a research note on Wednesday, June 28th. Zacks Investment Research upgraded shares of WisdomTree Investments from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Tuesday, July 4th. Finally, ValuEngine cut shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $10.11.

In related news, Director Bruce I. Lavine sold 19,849 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $9.95, for a total value of $197,497.55. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 16.10% of the company’s stock.

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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