Macquarie Group Ltd. Has $7.50 Million Holdings in WisdomTree Investments, Inc. (WETF)
Macquarie Group Ltd. cut its position in WisdomTree Investments, Inc. (NASDAQ:WETF) by 55.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 737,764 shares of the asset manager’s stock after selling 936,912 shares during the period. Macquarie Group Ltd. owned about 0.55% of WisdomTree Investments worth $7,503,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. raised its holdings in WisdomTree Investments by 25,214.1% in the first quarter. BlackRock Inc. now owns 13,399,791 shares of the asset manager’s stock worth $121,669,000 after purchasing an additional 13,346,857 shares during the period. Clarity Capital KCPS Ltd. acquired a new stake in WisdomTree Investments in the first quarter worth $530,215,000. Vanguard Group Inc. raised its holdings in WisdomTree Investments by 3.2% in the second quarter. Vanguard Group Inc. now owns 10,709,512 shares of the asset manager’s stock worth $108,916,000 after purchasing an additional 327,661 shares during the period. TimesSquare Capital Management LLC raised its holdings in WisdomTree Investments by 7.5% in the second quarter. TimesSquare Capital Management LLC now owns 7,936,900 shares of the asset manager’s stock worth $80,718,000 after purchasing an additional 553,400 shares during the period. Finally, Morgan Stanley raised its holdings in WisdomTree Investments by 6.7% in the first quarter. Morgan Stanley now owns 6,928,870 shares of the asset manager’s stock worth $62,914,000 after purchasing an additional 432,552 shares during the period. Institutional investors own 92.53% of the company’s stock.
In other WisdomTree Investments news, Director Bruce I. Lavine sold 19,849 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $9.95, for a total transaction of $197,497.55. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 16.60% of the company’s stock.
Shares of WisdomTree Investments, Inc. (WETF) opened at 11.00 on Tuesday. WisdomTree Investments, Inc. has a 12 month low of $7.87 and a 12 month high of $13.32. The stock’s 50 day moving average is $9.62 and its 200 day moving average is $9.53. The company has a market cap of $1.48 billion, a P/E ratio of 50.00 and a beta of 3.15.
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. WisdomTree Investments had a net margin of 13.33% and a return on equity of 15.41%. The company had revenue of $63.40 million for the quarter, compared to the consensus estimate of $57.27 million. During the same quarter in the previous year, the company earned $0.07 EPS. WisdomTree Investments’s quarterly revenue was up 13.2% compared to the same quarter last year. On average, analysts anticipate that WisdomTree Investments, Inc. will post $0.25 EPS for the current fiscal year.
Several equities research analysts have weighed in on WETF shares. Deutsche Bank AG started coverage on shares of WisdomTree Investments in a report on Tuesday. They issued a “buy” rating and a $13.00 target price on the stock. ValuEngine raised shares of WisdomTree Investments from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Zacks Investment Research downgraded shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. BidaskClub downgraded shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Finally, Keefe, Bruyette & Woods reissued a “sell” rating and set a $9.25 price objective on shares of WisdomTree Investments in a research report on Thursday, September 21st. Six analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $10.60.
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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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