Municipal Employees Retirement System of Michigan grew its position in WisdomTree Investments, Inc. (NASDAQ:WETF) by 59.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,060 shares of the asset manager’s stock after acquiring an additional 15,970 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in WisdomTree Investments were worth $438,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WETF. Janus Henderson Group PLC purchased a new position in WisdomTree Investments during the second quarter worth approximately $46,241,000. Capital World Investors lifted its position in WisdomTree Investments by 123.0% during the second quarter. Capital World Investors now owns 6,800,000 shares of the asset manager’s stock worth $69,156,000 after buying an additional 3,750,000 shares in the last quarter. TimesSquare Capital Management LLC lifted its position in WisdomTree Investments by 7.5% during the second quarter. TimesSquare Capital Management LLC now owns 7,936,900 shares of the asset manager’s stock worth $80,718,000 after buying an additional 553,400 shares in the last quarter. Granite Investment Partners LLC lifted its position in WisdomTree Investments by 40.2% during the second quarter. Granite Investment Partners LLC now owns 1,363,177 shares of the asset manager’s stock worth $13,863,000 after buying an additional 390,716 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in WisdomTree Investments by 43.2% during the second quarter. Wells Fargo & Company MN now owns 1,117,232 shares of the asset manager’s stock worth $11,362,000 after buying an additional 337,097 shares in the last quarter. Institutional investors and hedge funds own 91.61% of the company’s stock.

A number of equities research analysts have commented on WETF shares. Jefferies Group restated a “buy” rating and issued a $14.00 target price on shares of WisdomTree Investments in a research report on Thursday, September 7th. Deutsche Bank started coverage on WisdomTree Investments in a research report on Tuesday, October 17th. They issued a “buy” rating and a $13.00 target price on the stock. Citigroup restated a “buy” rating and issued a $15.00 target price on shares of WisdomTree Investments in a research report on Monday, October 30th. Northland Securities restated a “hold” rating and issued a $12.00 target price on shares of WisdomTree Investments in a research report on Sunday, October 29th. Finally, Keefe, Bruyette & Woods upgraded WisdomTree Investments from an “underperform” rating to a “mkt perform” rating in a research report on Tuesday, November 14th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $11.28.

WisdomTree Investments, Inc. (NASDAQ WETF) opened at $11.63 on Thursday. WisdomTree Investments, Inc. has a one year low of $7.87 and a one year high of $13.32. The company has a market capitalization of $1,633.36, a price-to-earnings ratio of 51.87, a P/E/G ratio of 2.81 and a beta of 3.16.

WisdomTree Investments (NASDAQ:WETF) last released its earnings results on Friday, October 27th. The asset manager reported $0.06 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. WisdomTree Investments had a return on equity of 15.47% and a net margin of 12.98%. The firm had revenue of $57.99 million during the quarter, compared to analysts’ expectations of $57.89 million. During the same period in the previous year, the firm posted $0.06 EPS. WisdomTree Investments’s revenue for the quarter was up 12.0% on a year-over-year basis. research analysts anticipate that WisdomTree Investments, Inc. will post 0.25 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $0.32 annualized dividend and a yield of 2.75%. WisdomTree Investments’s payout ratio is 145.46%.

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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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Institutional Ownership by Quarter for WisdomTree Investments (NASDAQ:WETF)

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