Oregon Public Employees Retirement Fund purchased a new position in shares of Wisdom Tree Investments Inc (NASDAQ:WETF) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 294,143 shares of the asset manager’s stock, valued at approximately $44,000.
Several other large investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Wisdom Tree Investments by 62.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,320 shares of the asset manager’s stock valued at $69,000 after purchasing an additional 3,956 shares during the last quarter. Virtu Financial LLC acquired a new position in Wisdom Tree Investments in the 4th quarter valued at about $182,000. Victory Capital Management Inc. raised its stake in Wisdom Tree Investments by 4.1% in the 4th quarter. Victory Capital Management Inc. now owns 51,792 shares of the asset manager’s stock valued at $344,000 after purchasing an additional 2,018 shares during the last quarter. Raymond James & Associates raised its stake in Wisdom Tree Investments by 24.6% in the 2nd quarter. Raymond James & Associates now owns 58,038 shares of the asset manager’s stock valued at $527,000 after purchasing an additional 11,462 shares during the last quarter. Finally, MetLife Investment Advisors LLC raised its stake in Wisdom Tree Investments by 51.6% in the 3rd quarter. MetLife Investment Advisors LLC now owns 81,408 shares of the asset manager’s stock valued at $690,000 after purchasing an additional 27,720 shares during the last quarter. 68.73% of the stock is owned by institutional investors and hedge funds.
WETF opened at $7.20 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.84 and a quick ratio of 1.77. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 2.67 and a beta of 1.66. Wisdom Tree Investments Inc has a 12 month low of $5.73 and a 12 month high of $11.82.
Wisdom Tree Investments (NASDAQ:WETF) last posted its quarterly earnings results on Friday, February 1st. The asset manager reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). The business had revenue of $67.90 million during the quarter, compared to analysts’ expectations of $68.18 million. Wisdom Tree Investments had a net margin of 13.33% and a return on equity of 16.32%. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.04 EPS. As a group, sell-side analysts forecast that Wisdom Tree Investments Inc will post 0.25 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 27th. Shareholders of record on Wednesday, February 13th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Tuesday, February 12th. Wisdom Tree Investments’s dividend payout ratio (DPR) is 37.50%.
Several brokerages recently weighed in on WETF. Credit Suisse Group cut their target price on shares of Wisdom Tree Investments from $12.00 to $10.00 and set an “outperform” rating for the company in a research note on Monday, October 29th. Morgan Stanley set a $9.00 target price on shares of Wisdom Tree Investments and gave the company a “hold” rating in a research note on Wednesday, November 14th. BidaskClub raised shares of Wisdom Tree Investments from a “strong sell” rating to a “sell” rating in a research note on Wednesday. Zacks Investment Research raised shares of Wisdom Tree Investments from a “sell” rating to a “hold” rating in a research note on Saturday, January 19th. Finally, Citigroup raised shares of Wisdom Tree Investments from a “sell” rating to a “neutral” rating and boosted their target price for the company from $6.00 to $6.50 in a research note on Tuesday, December 18th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $8.70.
In other Wisdom Tree Investments news, Director Anthony Bossone purchased 50,000 shares of the stock in a transaction on Monday, February 4th. The stock was bought at an average price of $5.92 per share, for a total transaction of $296,000.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Peter M. Ziemba purchased 16,000 shares of the stock in a transaction on Monday, February 4th. The stock was acquired at an average price of $6.07 per share, with a total value of $97,120.00. The disclosure for this purchase can be found here. Insiders acquired a total of 164,500 shares of company stock valued at $982,285 in the last 90 days. 14.50% of the stock is owned by company insiders.
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Wisdom Tree Investments Profile
WisdomTree Investments, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.
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