Fred Alger Management Inc. lessened its stake in shares of WisdomTree Investments, Inc. (NASDAQ:WETF) by 28.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,751,552 shares of the asset manager’s stock after selling 1,862,624 shares during the period. Fred Alger Management Inc. owned 3.53% of WisdomTree Investments worth $48,323,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WETF. Great West Life Assurance Co. Can grew its position in shares of WisdomTree Investments by 137.2% during 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 purchasing an additional 92,868 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of WisdomTree Investments by 11.6% in the first quarter. First Trust Advisors LP now owns 45,778 shares of the asset manager’s stock worth $416,000 after purchasing an additional 4,741 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of WisdomTree Investments by 21.1% in the first quarter. Bank of New York Mellon Corp now owns 2,139,638 shares of the asset manager’s stock worth $19,427,000 after purchasing an additional 372,427 shares during the last quarter. Suntrust Banks Inc. increased its holdings in shares of WisdomTree Investments by 24.9% in the first quarter. Suntrust Banks Inc. now owns 24,272 shares of the asset manager’s stock worth $219,000 after purchasing an additional 4,845 shares during the last quarter. Finally, Comerica Bank lifted its position in shares of WisdomTree Investments by 50.2% in the first quarter. Comerica Bank now owns 126,887 shares of the asset manager’s stock worth $1,062,000 after buying an additional 42,433 shares in the last quarter. 92.49% of the stock is owned by institutional investors and hedge funds.

WisdomTree Investments, Inc. (WETF) traded up 0.49% during midday trading on Wednesday, hitting $10.34. The stock had a trading volume of 217,046 shares. The firm has a 50-day moving average of $9.23 and a 200-day moving average of $9.42. The company has a market cap of $1.39 billion, a PE ratio of 47.00 and a beta of 3.15. WisdomTree Investments, Inc. has a 12-month low of $7.87 and a 12-month high of $13.32.

WisdomTree Investments (NASDAQ:WETF) last issued its quarterly earnings data on Friday, July 28th. The asset manager reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The firm had revenue of $63.40 million during the quarter, compared to the consensus estimate of $57.27 million. WisdomTree Investments had a return on equity of 15.41% and a net margin of 13.33%. The company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the company earned $0.07 EPS. Equities research analysts forecast that WisdomTree Investments, Inc. will post $0.26 EPS for the current year.

In other WisdomTree Investments news, Director Bruce I. Lavine sold 10,289 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $10.10, for a total transaction of $103,918.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 16.60% of the company’s stock.

A number of equities analysts recently commented on WETF shares. Gabelli reissued a “buy” rating on shares of WisdomTree Investments in a research note on Monday, July 31st. Zacks Investment Research upgraded WisdomTree Investments from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Tuesday, July 4th. Northland Securities reaffirmed a “hold” rating and issued a $10.50 price objective on shares of WisdomTree Investments in a research note on Sunday, July 30th. BidaskClub downgraded WisdomTree Investments from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $14.00 price objective on shares of WisdomTree Investments in a report on Wednesday, June 28th. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $10.25.

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

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