Wells Fargo & Company MN boosted its position in shares of WisdomTree Investments, Inc. (NASDAQ:WETF) by 3.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 1,157,742 shares of the asset manager’s stock after acquiring an additional 40,510 shares during the quarter. Wells Fargo & Company MN owned about 0.85% of WisdomTree Investments worth $11,786,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of WETF. JPMorgan Chase & Co. raised its stake in shares of WisdomTree Investments by 5.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 765,395 shares of the asset manager’s stock valued at $7,584,000 after buying an additional 42,923 shares during the last quarter. Legal & General Group Plc raised its stake in shares of WisdomTree Investments by 2.0% during the 3rd quarter. Legal & General Group Plc now owns 232,188 shares of the asset manager’s stock valued at $2,362,000 after buying an additional 4,487 shares during the last quarter. Guyasuta Investment Advisors Inc. purchased a new position in shares of WisdomTree Investments during the 3rd quarter valued at about $356,000. American International Group Inc. raised its stake in shares of WisdomTree Investments by 5.8% during the 3rd quarter. American International Group Inc. now owns 91,317 shares of the asset manager’s stock valued at $930,000 after buying an additional 5,005 shares during the last quarter. Finally, Alpine Woods Capital Investors LLC raised its stake in shares of WisdomTree Investments by 16.2% during the 3rd quarter. Alpine Woods Capital Investors LLC now owns 122,000 shares of the asset manager’s stock valued at $1,242,000 after buying an additional 17,000 shares during the last quarter. 89.41% of the stock is owned by institutional investors.
In other WisdomTree Investments news, Director Frank Salerno sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $11.71, for a total transaction of $585,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 16.10% of the stock is currently owned by insiders.
WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings data on Friday, October 27th. The asset manager reported $0.06 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. WisdomTree Investments had a return on equity of 15.47% and a net margin of 12.98%. The company had revenue of $57.99 million during the quarter, compared to analyst estimates of $57.89 million. During the same period in the previous year, the business earned $0.06 EPS. WisdomTree Investments’s quarterly revenue was up 12.0% on a year-over-year basis. analysts forecast that WisdomTree Investments, Inc. will post 0.25 earnings per share for the current year.
WETF has been the subject of several recent analyst reports. Northland Securities restated a “hold” rating and issued a $12.00 price target on shares of WisdomTree Investments in a research note on Sunday, October 29th. Zacks Investment Research lowered WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. BidaskClub upgraded WisdomTree Investments from a “buy” rating to a “strong-buy” rating in a research note on Friday. Citigroup restated a “buy” rating and issued a $15.00 price target on shares of WisdomTree Investments in a research note on Monday, October 30th. Finally, Keefe, Bruyette & Woods restated a “sell” rating and issued a $10.00 price target on shares of WisdomTree Investments in a research note on Thursday, October 12th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. WisdomTree Investments has an average rating of “Hold” and an average target price of $11.44.
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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.
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