CIBC World Markets Inc. Takes Position in WisdomTree Investments, Inc. (WETF)
CIBC World Markets Inc. purchased a new stake in shares of WisdomTree Investments, Inc. (NASDAQ:WETF) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 83,205 shares of the asset manager’s stock, valued at approximately $846,000. CIBC World Markets Inc. owned approximately 0.06% of WisdomTree Investments as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Penserra Capital Management LLC acquired a new stake in shares of WisdomTree Investments during the 2nd quarter valued at $107,000. Capstone Asset Management Co. acquired a new stake in shares of WisdomTree Investments during the 1st quarter valued at $120,000. Tudor Investment Corp ET AL acquired a new stake in shares of WisdomTree Investments during the 1st quarter valued at $123,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of WisdomTree Investments during the 2nd quarter valued at $133,000. Finally, Aperio Group LLC lifted its position in shares of WisdomTree Investments by 31.7% during the 2nd quarter. Aperio Group LLC now owns 13,353 shares of the asset manager’s stock valued at $136,000 after acquiring an additional 3,212 shares during the last quarter. 92.71% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently commented on WETF. Northland Securities reiterated a “hold” rating and set a $10.50 price objective on shares of WisdomTree Investments in a research report on Sunday, July 30th. ValuEngine upgraded WisdomTree Investments from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. BidaskClub downgraded WisdomTree Investments from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Gabelli reiterated a “buy” rating on shares of WisdomTree Investments in a research report on Monday, July 31st. Finally, Keefe, Bruyette & Woods reiterated an “underperform” rating on shares of WisdomTree Investments in a research report on Thursday, August 10th. Five analysts have rated the stock with a sell rating, three have given 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 $10.11.
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In other news, Director Bruce I. Lavine sold 10,289 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $10.10, for a total value of $103,918.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 16.10% of the stock is owned by insiders.
Shares of WisdomTree Investments, Inc. (NASDAQ:WETF) opened at 9.08 on Friday. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 41.27 and a beta of 3.14. The stock has a 50 day moving average price of $9.32 and a 200-day moving average price of $9.38. WisdomTree Investments, Inc. has a 12-month low of $7.87 and a 12-month high of $13.32.
WisdomTree Investments (NASDAQ:WETF) last released its earnings results on Friday, July 28th. The asset manager reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. WisdomTree Investments had a net margin of 13.33% and a return on equity of 15.41%. The firm had revenue of $63.40 million during the quarter, compared to analyst estimates of $57.27 million. During the same quarter in the previous year, the business earned $0.07 EPS. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. Equities analysts anticipate that WisdomTree Investments, Inc. will post $0.24 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend was Monday, August 7th. WisdomTree Investments’s dividend payout ratio (DPR) is 145.46%.
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.
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