WisdomTree Investments, Inc. (WETF) Position Increased by Credit Agricole S A
Credit Agricole S A raised its position in shares of WisdomTree Investments, Inc. (NASDAQ:WETF) by 115.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 40,634 shares of the company’s stock after buying an additional 21,809 shares during the period. Credit Agricole S A’s holdings in WisdomTree Investments were worth $453,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in WETF. MSI Financial Services Inc increased its position in shares of WisdomTree Investments by 36.4% in the third quarter. MSI Financial Services Inc now owns 10,959 shares of the company’s stock worth $113,000 after buying an additional 2,925 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of WisdomTree Investments during the third quarter worth approximately $113,000. Brown Advisory Securities LLC increased its position in shares of WisdomTree Investments by 12.7% in the third quarter. Brown Advisory Securities LLC now owns 15,050 shares of the company’s stock worth $153,000 after buying an additional 1,700 shares in the last quarter. Aperio Group LLC acquired a new position in shares of WisdomTree Investments during the third quarter worth approximately $167,000. Finally, Rothschild Asset Management Inc. increased its position in shares of WisdomTree Investments by 2.6% in the third quarter. Rothschild Asset Management Inc. now owns 19,400 shares of the company’s stock worth $200,000 after buying an additional 495 shares in the last quarter. Institutional investors own 96.38% of the company’s stock.
WisdomTree Investments, Inc. (NASDAQ:WETF) opened at 8.96 on Tuesday. The firm has a 50-day moving average price of $9.23 and a 200-day moving average price of $10.19. The company has a market cap of $1.20 billion, a P/E ratio of 47.16 and a beta of 3.25. WisdomTree Investments, Inc. has a 12-month low of $8.00 and a 12-month high of $13.32.
WisdomTree Investments (NASDAQ:WETF) last released its quarterly earnings data on Friday, February 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.03. WisdomTree Investments had a return on equity of 13.61% and a net margin of 11.92%. The firm earned $50.80 million during the quarter, compared to the consensus estimate of $50.85 million. During the same period in the previous year, the firm earned $0.15 EPS. The business’s revenue was down 33.6% compared to the same quarter last year. On average, equities research analysts forecast that WisdomTree Investments, Inc. will post $0.23 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Shareholders of record on Wednesday, February 15th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend was Monday, February 13th. WisdomTree Investments’s payout ratio is 160.00%.
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WETF has been the subject of a number of recent analyst reports. Jefferies Group LLC set a $14.00 target price on WisdomTree Investments and gave the company a “buy” rating in a report on Tuesday, January 10th. Zacks Investment Research upgraded WisdomTree Investments from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a report on Saturday, December 31st. Citigroup Inc upgraded WisdomTree Investments from a “sell” rating to a “neutral” rating and set a $9.00 target price for the company in a report on Monday, February 6th. Credit Suisse Group AG restated an “outperform” rating on shares of WisdomTree Investments in a report on Saturday, December 10th. Finally, Goldman Sachs Group Inc upped their target price on WisdomTree Investments from $7.00 to $8.00 and gave the company a “sell” rating in a report on Wednesday, March 15th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. WisdomTree Investments currently has a consensus rating of “Hold” and an average price target of $10.63.
In other news, CEO Jonathan L. Steinberg acquired 97,971 shares of WisdomTree Investments stock in a transaction on Thursday, March 16th. The shares were acquired at an average price of $9.14 per share, with a total value of $895,454.94. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 fundamentally weighted funds that track its own indexes, funds that track third party indexes and actively managed funds. The Company operates through exchange traded products (ETP) sponsor and asset manager providing investment advisory services segment.
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