3D Asset Management Inc. bought a new stake in WisdomTree Investments, Inc. (NASDAQ:WETF) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,034 shares of the asset manager’s stock, valued at approximately $112,000.
A number of other institutional investors have also added to or reduced their stakes in the business. Bank of Montreal Can grew its position in WisdomTree Investments by 0.7% in the second quarter. Bank of Montreal Can now owns 50,078 shares of the asset manager’s stock valued at $508,000 after acquiring an additional 356 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of WisdomTree Investments by 3.5% in the second quarter. PNC Financial Services Group Inc. now owns 19,688 shares of the asset manager’s stock worth $201,000 after acquiring an additional 668 shares during the period. Texas Permanent School Fund lifted its stake in shares of WisdomTree Investments by 0.8% in the second quarter. Texas Permanent School Fund now owns 83,782 shares of the asset manager’s stock worth $852,000 after acquiring an additional 692 shares during the period. Tudor Investment Corp ET AL lifted its stake in shares of WisdomTree Investments by 5.4% in the second quarter. Tudor Investment Corp ET AL now owns 14,289 shares of the asset manager’s stock worth $145,000 after acquiring an additional 726 shares during the period. Finally, Amalgamated Bank lifted its stake in shares of WisdomTree Investments by 5.0% in the second quarter. Amalgamated Bank now owns 15,966 shares of the asset manager’s stock worth $162,000 after acquiring an additional 760 shares during the period. Hedge funds and other institutional investors own 91.83% of the company’s stock.
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Shares of WisdomTree Investments, Inc. (NASDAQ WETF) traded up $0.05 during trading on Monday, reaching $11.94. The company had a trading volume of 1,593,800 shares, compared to its average volume of 2,063,135. WisdomTree Investments, Inc. has a 1-year low of $7.87 and a 1-year high of $13.32. The company has a market capitalization of $1,550.00, a P/E ratio of 51.91, a P/E/G ratio of 2.97 and a beta of 3.18.
WisdomTree Investments (NASDAQ:WETF) last announced its quarterly earnings results on Friday, October 27th. The asset manager reported $0.06 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $57.89 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. WisdomTree Investments’s 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 fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $0.32 annualized dividend and a yield of 2.68%. WisdomTree Investments’s dividend payout ratio (DPR) is currently 145.45%.
A number of equities analysts recently commented on WETF shares. Deutsche Bank AG started coverage on WisdomTree Investments in a research note on Tuesday, October 17th. They issued a “buy” rating and a $13.00 price objective on the stock. Zacks Investment Research lowered WisdomTree Investments from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $14.00 price objective on shares of WisdomTree Investments in a research note on Thursday, September 7th. BidaskClub lowered WisdomTree Investments from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. Finally, Keefe, Bruyette & Woods reaffirmed a “sell” rating and issued a $9.25 price objective on shares of WisdomTree Investments in a research note on Thursday, September 21st. Six analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $11.22.
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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