Dimensional Fund Advisors LP decreased its position in shares of WisdomTree Investments, Inc. (NASDAQ:WETF) by 5.9% in the third quarter, HoldingsChannel reports. The firm owned 2,359,211 shares of the asset manager’s stock after selling 147,154 shares during the quarter. Dimensional Fund Advisors LP’s holdings in WisdomTree Investments were worth $24,016,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of WETF. Janus Henderson Group PLC purchased a new position in shares of WisdomTree Investments during the second quarter valued at about $46,241,000. Capital World Investors grew its position in shares of WisdomTree Investments by 123.0% during the second quarter. Capital World Investors now owns 6,800,000 shares of the asset manager’s stock valued at $69,156,000 after purchasing an additional 3,750,000 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of WisdomTree Investments by 43.2% during the second quarter. Wells Fargo & Company MN now owns 1,117,232 shares of the asset manager’s stock valued at $11,362,000 after purchasing an additional 337,097 shares in the last quarter. Vanguard Group Inc. grew its position in shares of WisdomTree Investments by 3.2% during the second quarter. Vanguard Group Inc. now owns 10,709,512 shares of the asset manager’s stock valued at $108,916,000 after purchasing an additional 327,661 shares in the last quarter. Finally, Junto Capital Management LP purchased a new position in shares of WisdomTree Investments during the second quarter valued at about $2,757,000. Hedge funds and other institutional investors own 89.41% of the company’s stock.
WisdomTree Investments, Inc. (WETF) opened at $12.90 on Friday. The company has a market capitalization of $1,780.00, a PE ratio of 58.64, a P/E/G ratio of 1.98 and a beta of 3.16. WisdomTree Investments, Inc. has a 12-month low of $7.87 and a 12-month high of $13.41.
In other WisdomTree Investments news, Director Frank Salerno sold 50,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $11.71, for a total value of $585,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 16.10% of the stock is owned by company insiders.
Several research analysts recently commented on WETF shares. Citigroup reiterated a “buy” rating and issued a $15.00 price target on shares of WisdomTree Investments in a research report on Monday, October 30th. UBS Group lifted their price target on WisdomTree Investments from $8.00 to $8.50 and gave the stock a “sell” rating in a research report on Tuesday, November 14th. Keefe, Bruyette & Woods reiterated a “sell” rating and issued a $10.00 price target on shares of WisdomTree Investments in a research report on Thursday, October 12th. Zacks Investment Research lowered WisdomTree Investments from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Finally, Northland Securities reiterated a “hold” rating and issued a $12.00 price target on shares of WisdomTree Investments in a research report on Sunday, October 29th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $12.06.
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About WisdomTree Investments
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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