WisdomTree Investments, Inc. (WETF) Position Decreased by JPMorgan Chase & Co.
JPMorgan Chase & Co. lowered its stake in WisdomTree Investments, Inc. (NASDAQ:WETF) by 2.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 722,472 shares of the asset manager’s stock after selling 19,959 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.54% of WisdomTree Investments worth $7,348,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. BlackRock Inc. raised its holdings in WisdomTree Investments by 25,214.1% during the 1st quarter. BlackRock Inc. now owns 13,399,791 shares of the asset manager’s stock worth $121,669,000 after buying an additional 13,346,857 shares during the period. Clarity Capital KCPS Ltd. purchased a new stake in WisdomTree Investments during the first quarter valued at about $530,215,000. Vanguard Group Inc. lifted its stake in WisdomTree Investments by 15.5% during the first quarter. Vanguard Group Inc. now owns 10,381,851 shares of the asset manager’s stock valued at $94,267,000 after buying an additional 1,392,507 shares in the last quarter. TimesSquare Capital Management LLC lifted its stake in WisdomTree Investments by 67.9% during the first quarter. TimesSquare Capital Management LLC now owns 7,383,500 shares of the asset manager’s stock valued at $67,042,000 after buying an additional 2,987,215 shares in the last quarter. Finally, Morgan Stanley lifted its stake in WisdomTree Investments by 6.7% during the first quarter. Morgan Stanley now owns 6,928,870 shares of the asset manager’s stock valued at $62,914,000 after buying an additional 432,552 shares in the last quarter. 92.49% of the stock is currently owned by hedge funds and other institutional investors.
Shares of WisdomTree Investments, Inc. (WETF) opened at 10.18 on Monday. WisdomTree Investments, Inc. has a 12-month low of $7.87 and a 12-month high of $13.32. The firm has a market capitalization of $1.37 billion, a PE ratio of 46.27 and a beta of 3.15. The company’s 50 day moving average is $9.25 and its 200 day moving average is $9.38.
WisdomTree Investments (NASDAQ:WETF) last posted its earnings results on Friday, July 28th. The asset manager reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.02. The firm had revenue of $63.40 million for the quarter, compared to analyst estimates of $57.27 million. WisdomTree Investments had a return on equity of 15.41% and a net margin of 13.33%. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 earnings per share. On average, analysts forecast that WisdomTree Investments, Inc. will post $0.26 earnings per share for the current year.
Several brokerages have commented on WETF. Gabelli reiterated a “buy” rating on shares of WisdomTree Investments in a report on Monday, July 31st. Zacks Investment Research raised shares of WisdomTree Investments from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Tuesday, July 4th. Jefferies Group LLC restated a “buy” rating and set a $14.00 price target on shares of WisdomTree Investments in a report on Wednesday, June 28th. BidaskClub upgraded shares of WisdomTree Investments from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Finally, Northland Securities restated a “hold” rating and issued a $10.50 price target on shares of WisdomTree Investments in a research report on Sunday, July 30th. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $10.25.
In other WisdomTree Investments news, Director Bruce I. Lavine sold 10,289 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $10.10, for a total value of $103,918.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.60% of the stock is currently owned by insiders.
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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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