Russell Investments Group Ltd. Acquires 35,803 Shares of WisdomTree Investments, Inc. (WETF)
Russell Investments Group Ltd. raised its holdings in shares of WisdomTree Investments, Inc. (NASDAQ:WETF) by 42.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 120,529 shares of the asset manager’s stock after acquiring an additional 35,803 shares during the period. Russell Investments Group Ltd. owned approximately 0.09% of WisdomTree Investments worth $1,227,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the business. Mengis Capital Management Inc. raised its position in shares of WisdomTree Investments by 100.0% during the 3rd quarter. Mengis Capital Management Inc. now owns 20,000 shares of the asset manager’s stock valued at $203,000 after acquiring an additional 10,000 shares during the last quarter. 3D Asset Management Inc. bought a new stake in shares of WisdomTree Investments in the 3rd quarter valued at $112,000. Municipal Employees Retirement System of Michigan increased its position in shares of WisdomTree Investments by 59.0% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 43,060 shares of the asset manager’s stock valued at $438,000 after buying an additional 15,970 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of WisdomTree Investments by 87.2% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 71,190 shares of the asset manager’s stock valued at $725,000 after buying an additional 33,156 shares in the last quarter. Finally, Cambridge Trust Co. increased its position in shares of WisdomTree Investments by 26.3% in the 3rd quarter. Cambridge Trust Co. now owns 44,939 shares of the asset manager’s stock valued at $457,000 after buying an additional 9,361 shares in the last quarter. Institutional investors own 89.41% of the company’s stock.
A number of analysts recently commented on WETF shares. Deutsche Bank started coverage on shares of WisdomTree Investments in a research report on Tuesday, October 17th. They issued a “buy” rating and a $13.00 price objective for the company. Jefferies Group restated a “buy” rating and issued a $14.00 price objective on shares of WisdomTree Investments in a research report on Thursday, September 7th. Zacks Investment Research cut shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Keefe, Bruyette & Woods restated a “sell” rating and issued a $9.25 price objective on shares of WisdomTree Investments in a research report on Thursday, September 21st. Finally, BidaskClub upgraded shares of WisdomTree Investments from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 6th. Three analysts have rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. WisdomTree Investments has a consensus rating of “Hold” and an average price target of $11.44.
WisdomTree Investments (NASDAQ:WETF) last released its earnings results on Friday, October 27th. The asset manager reported $0.06 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.06. The firm had revenue of $57.99 million during the quarter, compared to analysts’ expectations of $57.89 million. WisdomTree Investments had a return on equity of 15.78% and a net margin of 13.76%. The company’s revenue 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 expect that WisdomTree Investments, Inc. will post 0.25 earnings per share for the current year.
In other WisdomTree Investments news, Director Frank Salerno sold 50,000 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $11.71, for a total transaction of $585,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 16.60% of the stock is currently owned by corporate insiders.
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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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