Rothschild Investment Corp IL decreased its holdings in shares of WisdomTree Investments, Inc. (NASDAQ:WETF) by 13.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 140,171 shares of the asset manager’s stock after selling 21,250 shares during the period. Rothschild Investment Corp IL owned approximately 0.10% of WisdomTree Investments worth $1,427,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in WETF. First Trust Advisors LP boosted its stake in shares of WisdomTree Investments by 11.6% during the first quarter. First Trust Advisors LP now owns 45,778 shares of the asset manager’s stock worth $416,000 after buying an additional 4,741 shares during the period. UBS Asset Management Americas Inc. boosted its stake in shares of WisdomTree Investments by 32.0% during the first quarter. UBS Asset Management Americas Inc. now owns 60,555 shares of the asset manager’s stock worth $550,000 after buying an additional 14,695 shares during the period. Parametric Portfolio Associates LLC boosted its stake in shares of WisdomTree Investments by 54.5% during the first quarter. Parametric Portfolio Associates LLC now owns 164,532 shares of the asset manager’s stock worth $1,494,000 after buying an additional 58,014 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of WisdomTree Investments by 3.5% during the first quarter. JPMorgan Chase & Co. now owns 742,431 shares of the asset manager’s stock worth $6,741,000 after buying an additional 25,403 shares during the period. Finally, Prudential Financial Inc. boosted its stake in shares of WisdomTree Investments by 178.2% during the first quarter. Prudential Financial Inc. now owns 194,620 shares of the asset manager’s stock worth $1,767,000 after buying an additional 124,660 shares during the period. Institutional investors and hedge funds own 92.46% of the company’s stock.
Shares of WisdomTree Investments, Inc. (NASDAQ:WETF) opened at 11.56 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 50-day moving average of $10.20 and a 200-day moving average of $9.68. The firm has a market cap of $1.56 billion, a P/E ratio of 52.55 and a beta of 3.15.
WisdomTree Investments (NASDAQ:WETF) last posted its earnings results on Friday, October 27th. The asset manager reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. WisdomTree Investments had a net margin of 12.98% and a return on equity of 15.47%. The firm had revenue of $57.99 million during the quarter, compared to analysts’ expectations of $57.89 million. During the same quarter in the prior year, the firm earned $0.06 EPS. WisdomTree Investments’s quarterly revenue was up 12.0% on a year-over-year basis. Equities analysts forecast that WisdomTree Investments, Inc. will post $0.26 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.77%. The ex-dividend date is Tuesday, November 7th. WisdomTree Investments’s dividend payout ratio (DPR) is 145.46%.
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WETF has been the subject of several recent research reports. Zacks Investment Research upgraded shares of WisdomTree Investments from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Tuesday, July 4th. ValuEngine downgraded shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th. Northland Securities reiterated a “hold” rating and set a $10.50 target price on shares of WisdomTree Investments in a research note on Sunday, July 30th. UBS AG reiterated a “sell” rating and set a $8.00 target price (up previously from $7.50) on shares of WisdomTree Investments in a research note on Monday, July 31st. Finally, BidaskClub downgraded shares of WisdomTree Investments from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Six investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. WisdomTree Investments presently has a consensus rating of “Hold” and a consensus price target of $10.75.
In other WisdomTree Investments news, Director Bruce I. Lavine sold 10,289 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $10.10, for a total value of $103,918.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 16.60% of the stock is currently owned by corporate insiders.
WisdomTree Investments Company 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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