State of Tennessee Treasury Department Trims Position in WisdomTree Investments, Inc. (WETF)
State of Tennessee Treasury Department lowered its stake in shares of WisdomTree Investments, Inc. (NASDAQ:WETF) by 5.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 102,365 shares of the asset manager’s stock after selling 6,470 shares during the quarter. State of Tennessee Treasury Department owned approximately 0.08% of WisdomTree Investments worth $1,042,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of WETF. Everence Capital Management Inc. bought a new position in WisdomTree Investments during the third quarter valued at about $103,000. Penserra Capital Management LLC bought a new position in WisdomTree Investments during the second quarter valued at about $107,000. Traynor Capital Management Inc. bought a new position in WisdomTree Investments during the third quarter valued at about $111,000. Shelton Capital Management bought a new position in WisdomTree Investments during the second quarter valued at about $116,000. Finally, Tudor Investment Corp ET AL bought a new position in WisdomTree Investments during the first quarter valued at about $123,000. Institutional investors own 92.34% of the company’s stock.
Several equities analysts recently weighed in on WETF shares. Zacks Investment Research lowered shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Northland Securities restated a “hold” rating and set a $12.00 price target on shares of WisdomTree Investments in a research report on Sunday, October 29th. Jefferies Group LLC reiterated a “buy” rating and set a $14.00 target price on shares of WisdomTree Investments in a research report on Thursday, September 7th. Keefe, Bruyette & Woods reiterated a “sell” rating and set a $10.00 target price on shares of WisdomTree Investments in a research report on Thursday, October 12th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $15.00 target price on shares of WisdomTree Investments in a research report on Monday, October 30th. Five investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $11.28.
WisdomTree Investments, Inc. (WETF) opened at $11.16 on Friday. The firm has a market cap of $1,527.94, a PE ratio of 48.52, a price-to-earnings-growth ratio of 2.63 and a beta of 3.18. WisdomTree Investments, Inc. has a 1 year low of $7.87 and a 1 year high of $13.32.
WisdomTree Investments (NASDAQ:WETF) last issued its earnings results on Friday, October 27th. The asset manager reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. WisdomTree Investments had a net margin of 12.98% and a return on equity of 15.47%. The firm had revenue of $57.99 million during the quarter, compared to analyst estimates of $57.89 million. During the same quarter last year, the business earned $0.06 earnings per share. The company’s quarterly revenue was up 12.0% on a year-over-year basis. equities analysts expect that WisdomTree Investments, Inc. will post 0.25 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend was Tuesday, November 7th. WisdomTree Investments’s payout ratio is 145.46%.
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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.
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