Victory Capital Management Inc. Raises Holdings in WisdomTree Investments, Inc. (WETF)
Victory Capital Management Inc. grew its position in WisdomTree Investments, Inc. (NASDAQ:WETF) by 8.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,108 shares of the asset manager’s stock after buying an additional 2,697 shares during the quarter. Victory Capital Management Inc.’s holdings in WisdomTree Investments were worth $367,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of WETF. Bank of Montreal Can lifted its holdings in shares of WisdomTree Investments by 427.4% in the 1st quarter. Bank of Montreal Can now owns 49,722 shares of the asset manager’s stock worth $451,000 after buying an additional 40,294 shares during the period. Capstone Asset Management Co. purchased a new stake in shares of WisdomTree Investments in the 1st quarter worth $120,000. Russell Investments Group Ltd. lifted its holdings in shares of WisdomTree Investments by 57.5% in the 1st quarter. Russell Investments Group Ltd. now owns 518,282 shares of the asset manager’s stock worth $4,707,000 after buying an additional 189,168 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of WisdomTree Investments by 1.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 39,845 shares of the asset manager’s stock worth $362,000 after buying an additional 600 shares during the period. Finally, Great West Life Assurance Co. Can lifted its holdings in shares of WisdomTree Investments by 137.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 160,548 shares of the asset manager’s stock worth $1,455,000 after buying an additional 92,868 shares during the period. Institutional investors and hedge funds own 92.49% of the company’s stock.
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In other WisdomTree Investments news, Director Bruce I. Lavine sold 19,849 shares of WisdomTree Investments stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $9.95, for a total transaction of $197,497.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.60% of the stock is owned by insiders.
WisdomTree Investments, Inc. (NASDAQ:WETF) opened at 8.94 on Wednesday. WisdomTree Investments, Inc. has a 12 month low of $7.87 and a 12 month high of $13.32. The company’s 50-day moving average price is $9.25 and its 200 day moving average price is $9.38. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 40.64 and a beta of 3.14.
WisdomTree Investments (NASDAQ:WETF) last released its earnings results on Friday, July 28th. The asset manager reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.02. The firm had revenue of $63.40 million during the quarter, compared to analyst estimates of $57.27 million. WisdomTree Investments had a return on equity of 15.41% and a net margin of 13.33%. WisdomTree Investments’s revenue was up 13.2% compared to the same quarter last year. During the same period last year, the business posted $0.07 earnings per share. Analysts predict that WisdomTree Investments, Inc. will post $0.24 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend was Monday, August 7th. WisdomTree Investments’s dividend payout ratio (DPR) is 145.46%.
Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods reiterated an “underperform” rating on shares of WisdomTree Investments in a report on Thursday, August 10th. BidaskClub cut WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. ValuEngine upgraded WisdomTree Investments from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Gabelli restated a “buy” rating on shares of WisdomTree Investments in a research note on Monday, July 31st. Finally, UBS AG restated a “sell” rating and set a $8.00 price objective (up from $7.50) on shares of WisdomTree Investments in a research note on Monday, July 31st. Five equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $10.11.
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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