WisdomTree Investments, Inc. (NASDAQ:WETF) Director Frank Salerno sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was 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 SEC, which is accessible through the SEC website.

Shares of WisdomTree Investments, Inc. (WETF) traded up $0.04 during trading on Wednesday, reaching $12.02. The company had a trading volume of 1,158,400 shares, compared to its average volume of 2,029,249. WisdomTree Investments, Inc. has a fifty-two week low of $7.87 and a fifty-two week high of $12.38. The company has a market cap of $1,640.20, a PE ratio of 52.09, a P/E/G ratio of 2.83 and a beta of 3.16.

WisdomTree Investments (NASDAQ:WETF) last announced its quarterly earnings data on Friday, October 27th. The asset manager reported $0.06 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.06. WisdomTree Investments had a return on equity of 15.47% and a net margin of 12.98%. The business had revenue of $57.99 million for the quarter, compared to analysts’ expectations of $57.89 million. During the same period in the previous year, the business posted $0.06 EPS. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. sell-side analysts expect that WisdomTree Investments, Inc. will post 0.25 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend was Tuesday, November 7th. WisdomTree Investments’s dividend payout ratio is presently 145.46%.

Several institutional investors and hedge funds have recently made changes to their positions in WETF. California Public Employees Retirement System increased its position in shares of WisdomTree Investments by 1.6% during the first quarter. California Public Employees Retirement System now owns 50,100 shares of the asset manager’s stock valued at $455,000 after buying an additional 800 shares during the period. Capstone Asset Management Co. increased its position in shares of WisdomTree Investments by 49.6% during the second quarter. Capstone Asset Management Co. now owns 19,730 shares of the asset manager’s stock valued at $201,000 after buying an additional 6,541 shares during the period. Bank of Montreal Can increased its position in shares of WisdomTree Investments by 0.7% during the second quarter. Bank of Montreal Can now owns 50,078 shares of the asset manager’s stock valued at $508,000 after buying an additional 356 shares during the period. Aperio Group LLC increased its position in shares of WisdomTree Investments by 31.7% during the second quarter. Aperio Group LLC now owns 13,353 shares of the asset manager’s stock valued at $136,000 after buying an additional 3,212 shares during the period. Finally, Great West Life Assurance Co. Can increased its position in shares of WisdomTree Investments by 3.9% during the second quarter. Great West Life Assurance Co. Can now owns 166,748 shares of the asset manager’s stock valued at $1,694,000 after buying an additional 6,200 shares during the period. Hedge funds and other institutional investors own 89.41% of the company’s stock.

A number of equities analysts recently weighed in on the stock. Citigroup reissued a “buy” rating and issued a $15.00 price target on shares of WisdomTree Investments in a report on Monday, October 30th. UBS boosted their price target on shares of WisdomTree Investments from $8.00 to $8.50 and gave the stock a “sell” rating in a report on Tuesday, November 14th. Keefe, Bruyette & Woods restated a “sell” rating and issued a $10.00 price objective on shares of WisdomTree Investments in a research note on Thursday, October 12th. Zacks Investment Research cut WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Finally, Jefferies Group restated a “buy” rating and issued a $14.00 price objective on shares of WisdomTree Investments in a research note on Thursday, September 7th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. WisdomTree Investments currently has an average rating of “Hold” and a consensus price target of $11.44.

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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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