WisdomTree Investments, Inc. (WETF) Position Boosted by Legal & General Group Plc

Legal & General Group Plc boosted its position in WisdomTree Investments, Inc. (NASDAQ:WETF) by 2.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 232,188 shares of the asset manager’s stock after buying an additional 4,487 shares during the period. Legal & General Group Plc owned approximately 0.17% of WisdomTree Investments worth $2,362,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in WETF. PNC Financial Services Group Inc. increased its stake in WisdomTree Investments by 3.5% in the second quarter. PNC Financial Services Group Inc. now owns 19,688 shares of the asset manager’s stock valued at $201,000 after purchasing an additional 668 shares in the last quarter. Tudor Investment Corp ET AL increased its stake in WisdomTree Investments by 5.4% in the second quarter. Tudor Investment Corp ET AL now owns 14,289 shares of the asset manager’s stock valued at $145,000 after purchasing an additional 726 shares in the last quarter. Amalgamated Bank increased its stake in WisdomTree Investments by 5.0% in the second quarter. Amalgamated Bank now owns 15,966 shares of the asset manager’s stock valued at $162,000 after purchasing an additional 760 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in WisdomTree Investments by 0.3% in the second quarter. TIAA CREF Investment Management LLC now owns 310,856 shares of the asset manager’s stock valued at $3,161,000 after purchasing an additional 1,011 shares in the last quarter. Finally, Advisor Group Inc. increased its stake in WisdomTree Investments by 12.4% in the second quarter. Advisor Group Inc. now owns 15,383 shares of the asset manager’s stock valued at $157,000 after purchasing an additional 1,700 shares in the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.

Shares of WisdomTree Investments, Inc. (WETF) opened at $12.53 on Thursday. The company has a market cap of $1,733.30, a PE ratio of 56.96, a PEG ratio of 2.99 and a beta of 3.16. WisdomTree Investments, Inc. has a 52-week low of $7.87 and a 52-week high of $12.68.

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. The company had revenue of $57.99 million during the quarter, compared to the consensus estimate of $57.89 million. WisdomTree Investments had a net margin of 13.76% and a return on equity of 15.78%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.06 earnings per share. equities analysts anticipate that WisdomTree Investments, Inc. will post 0.25 EPS for the current fiscal year.

WETF has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Northland Securities reaffirmed a “hold” rating and issued a $12.00 price target on shares of WisdomTree Investments in a research note on Sunday, October 29th. Keefe, Bruyette & Woods raised shares of WisdomTree Investments from an “underperform” rating to a “mkt perform” rating in a research note on Tuesday, November 14th. Jefferies Group reaffirmed a “buy” rating and issued a $14.00 price target on shares of WisdomTree Investments in a research note on Thursday, September 7th. Finally, Citigroup reaffirmed a “buy” rating and issued a $15.00 price target on shares of WisdomTree Investments in a research note on Monday, October 30th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. WisdomTree Investments has an average rating of “Hold” and a consensus price target of $11.44.

In other news, Director Frank Salerno sold 50,000 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $11.71, for a total transaction of $585,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 16.60% of the company’s stock.

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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.

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

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