California State Teachers Retirement System Lowers Stake in WisdomTree Investments, Inc. (WETF)
California State Teachers Retirement System trimmed its position in shares of WisdomTree Investments, Inc. (NASDAQ:WETF) by 9.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 204,366 shares of the asset manager’s stock after selling 22,114 shares during the quarter. California State Teachers Retirement System owned 0.15% of WisdomTree Investments worth $2,078,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the company. Bank of Montreal Can raised its position in shares of WisdomTree Investments by 0.7% during the second quarter. Bank of Montreal Can now owns 50,078 shares of the asset manager’s stock worth $508,000 after purchasing an additional 356 shares during the period. PNC Financial Services Group Inc. raised its position in shares of WisdomTree Investments by 3.5% during the second quarter. PNC Financial Services Group Inc. now owns 19,688 shares of the asset manager’s stock worth $201,000 after purchasing an additional 668 shares during the period. Texas Permanent School Fund raised its position in shares of WisdomTree Investments by 0.8% during the second quarter. Texas Permanent School Fund now owns 83,782 shares of the asset manager’s stock worth $852,000 after purchasing an additional 692 shares during the period. Tudor Investment Corp ET AL raised its position in shares of WisdomTree Investments by 5.4% during the second quarter. Tudor Investment Corp ET AL now owns 14,289 shares of the asset manager’s stock worth $145,000 after purchasing an additional 726 shares during the period. Finally, Amalgamated Bank raised its position in shares of WisdomTree Investments by 5.0% during the second quarter. Amalgamated Bank now owns 15,966 shares of the asset manager’s stock worth $162,000 after purchasing an additional 760 shares during the period. 91.83% of the stock is currently owned by institutional investors.
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WisdomTree Investments, Inc. (NASDAQ WETF) opened at $11.13 on Wednesday. The stock has a market capitalization of $1,544.36, a price-to-earnings ratio of 49.04, a price-to-earnings-growth ratio of 2.81 and a beta of 3.18. WisdomTree Investments, Inc. has a 12 month low of $7.87 and a 12 month high of $13.32.
WisdomTree Investments (NASDAQ:WETF) last announced its quarterly earnings data on Friday, October 27th. The asset manager reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. The firm had revenue of $57.99 million during the quarter, compared to the consensus estimate of $57.89 million. WisdomTree Investments had a return on equity of 15.47% and a net margin of 12.98%. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 EPS. equities analysts forecast that WisdomTree Investments, Inc. will post 0.25 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $0.32 dividend on an annualized basis and a yield of 2.88%. WisdomTree Investments’s dividend payout ratio (DPR) is presently 145.46%.
A number of equities analysts have recently weighed in on the company. UBS AG upped their target price on WisdomTree Investments from $8.00 to $8.50 and gave the stock a “sell” rating in a research report on Tuesday. Keefe, Bruyette & Woods upgraded WisdomTree Investments from an “underperform” rating to a “mkt perform” rating in a report on Tuesday. Zacks Investment Research downgraded WisdomTree Investments from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Citigroup Inc. reiterated a “buy” rating and set a $15.00 price target on shares of WisdomTree Investments in a report on Monday, October 30th. Finally, Northland Securities reiterated a “hold” rating and set a $12.00 price target on shares of WisdomTree Investments in a report on Sunday, October 29th. Five 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 a consensus price target of $11.28.
WisdomTree Investments Company 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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