WisdomTree Investments, Inc. (WETF) Stake Lessened by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its position in shares of WisdomTree Investments, Inc. (NASDAQ:WETF) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,857,573 shares of the asset manager’s stock after selling 10,424 shares during the period. Bank of New York Mellon Corp owned about 1.36% of WisdomTree Investments worth $18,911,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in WETF. California Public Employees Retirement System lifted its position in shares of WisdomTree Investments by 1.6% during the 1st quarter. California Public Employees Retirement System now owns 50,100 shares of the asset manager’s stock worth $455,000 after purchasing an additional 800 shares during the last quarter. Capstone Asset Management Co. lifted its position in shares of WisdomTree Investments by 49.6% during the 2nd quarter. Capstone Asset Management Co. now owns 19,730 shares of the asset manager’s stock worth $201,000 after purchasing an additional 6,541 shares during the last quarter. Bank of Montreal Can raised its stake in WisdomTree Investments by 0.7% during the 2nd quarter. Bank of Montreal Can now owns 50,078 shares of the asset manager’s stock worth $508,000 after acquiring an additional 356 shares in the last quarter. Aperio Group LLC raised its stake in WisdomTree Investments by 31.7% during the 2nd quarter. Aperio Group LLC now owns 13,353 shares of the asset manager’s stock worth $136,000 after acquiring an additional 3,212 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in WisdomTree Investments by 3.9% during the 2nd quarter. Great West Life Assurance Co. Can now owns 166,748 shares of the asset manager’s stock worth $1,694,000 after acquiring an additional 6,200 shares in the last quarter. 91.61% of the stock is owned by institutional investors and hedge funds.

WisdomTree Investments, Inc. (WETF) opened at $11.75 on Friday. The company has a market cap of $1,569.01, a price-to-earnings ratio of 49.83, a price-to-earnings-growth ratio of 2.70 and a beta of 3.16. WisdomTree Investments, Inc. has a one year low of $7.87 and a one year high of $12.47.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th were paid a $0.08 dividend. The ex-dividend date was Tuesday, November 7th. This represents a $0.32 dividend on an annualized basis and a yield of 2.72%. WisdomTree Investments’s dividend payout ratio is presently 145.46%.

Several equities research analysts recently commented on the stock. BidaskClub upgraded shares of WisdomTree Investments from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 6th. Citigroup reiterated a “buy” rating and set a $15.00 price target on shares of WisdomTree Investments in a research note on Monday, October 30th. Northland Securities reiterated a “hold” rating and set a $12.00 price target on shares of WisdomTree Investments in a research note on Sunday, October 29th. UBS lifted their price target on shares of WisdomTree Investments from $8.00 to $8.50 and gave the stock a “sell” rating in a research note on Tuesday, November 14th. Finally, Keefe, Bruyette & Woods upgraded shares of WisdomTree Investments from an “underperform” rating to a “mkt perform” rating in a research note on Tuesday, November 14th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $11.44.

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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.

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

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