ING Groep NV acquired a new stake in WisdomTree Investments, Inc. (NASDAQ:WETF) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 79,000 shares of the asset manager’s stock, valued at approximately $717,000. ING Groep NV owned about 0.06% of WisdomTree Investments as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in WETF. Great West Life Assurance Co. Can boosted its position in shares of WisdomTree Investments by 137.2% in the first quarter. Great West Life Assurance Co. Can now owns 160,548 shares of the asset manager’s stock valued at $1,455,000 after buying an additional 92,868 shares during the period. North Star Investment Management Corp. boosted its stake in WisdomTree Investments by 30.8% in the first quarter. North Star Investment Management Corp. now owns 321,332 shares of the asset manager’s stock worth $2,918,000 after buying an additional 75,717 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in WisdomTree Investments by 1.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 39,845 shares of the asset manager’s stock worth $362,000 after buying an additional 600 shares during the last quarter. Whittier Trust Co. boosted its stake in WisdomTree Investments by 5.3% in the first quarter. Whittier Trust Co. now owns 87,691 shares of the asset manager’s stock worth $796,000 after buying an additional 4,413 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in WisdomTree Investments by 57.5% in the first quarter. Russell Investments Group Ltd. now owns 518,282 shares of the asset manager’s stock worth $4,707,000 after buying an additional 189,168 shares during the last quarter. Hedge funds and other institutional investors own 96.38% of the company’s stock.
Shares of WisdomTree Investments, Inc. (NASDAQ:WETF) traded down 0.47% during midday trading on Friday, hitting $8.49. 3,058,133 shares of the company were exchanged. The company’s 50 day moving average price is $8.67 and its 200 day moving average price is $9.80. The firm has a market cap of $1.14 billion, a P/E ratio of 44.68 and a beta of 3.25. WisdomTree Investments, Inc. has a one year low of $7.87 and a one year high of $13.32.
WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings data on Friday, April 28th. The asset manager reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The company had revenue of $54.60 million for the quarter, compared to analyst estimates of $53.38 million. WisdomTree Investments had a return on equity of 13.61% and a net margin of 11.92%. The business’s revenue was down 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.09 earnings per share. Equities analysts expect that WisdomTree Investments, Inc. will post $0.23 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 24th. Shareholders of record on Wednesday, May 10th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend is Monday, May 8th. WisdomTree Investments’s dividend payout ratio is currently 160.00%.
WETF has been the topic of a number of recent research reports. Zacks Investment Research cut WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Wednesday, March 15th. Goldman Sachs Group Inc raised their target price on WisdomTree Investments from $7.00 to $8.00 and gave the company a “sell” rating in a research note on Wednesday, March 15th. Jefferies Group LLC set a $14.00 target price on WisdomTree Investments and gave the company a “buy” rating in a research note on Tuesday, January 10th. Citigroup Inc upgraded WisdomTree Investments from a “sell” rating to a “neutral” rating and set a $9.00 target price on the stock in a research note on Monday, February 6th. Finally, Keefe, Bruyette & Woods reiterated a “sell” rating and issued a $8.00 target price on shares of WisdomTree Investments in a research note on Monday, April 10th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $10.43.
In other WisdomTree Investments news, CEO Jonathan L. Steinberg acquired 97,971 shares of WisdomTree Investments stock in a transaction on Thursday, March 16th. The shares were bought at an average price of $9.14 per share, with a total value of $895,454.94. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 16.10% of the stock is currently owned by 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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