WisdomTree Investments Inc. (NASDAQ:WETF) CEO Jonathan L. Steinberg bought 100,000 shares of WisdomTree Investments stock in a transaction dated Wednesday, September 14th. The shares were acquired at an average cost of $10.23 per share, for a total transaction of $1,023,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Jonathan L. Steinberg also recently made the following trade(s):
- On Friday, August 19th, Jonathan L. Steinberg bought 250,000 shares of WisdomTree Investments stock. The shares were acquired at an average cost of $10.16 per share, for a total transaction of $2,540,000.00.
WisdomTree Investments Inc. (NASDAQ:WETF) opened at 10.94 on Tuesday. WisdomTree Investments Inc. has a one year low of $8.70 and a one year high of $22.33. The company has a market capitalization of $1.47 billion, a P/E ratio of 25.38 and a beta of 2.67. The stock’s 50 day moving average price is $10.26 and its 200-day moving average price is $10.98.
WisdomTree Investments (NASDAQ:WETF) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.04. WisdomTree Investments had a return on equity of 26.72% and a net margin of 21.72%. The firm earned $55.98 million during the quarter, compared to analyst estimates of $55.01 million. During the same period last year, the company earned $0.18 EPS. WisdomTree Investments’s quarterly revenue was down 31.4% compared to the same quarter last year. Equities analysts forecast that WisdomTree Investments Inc. will post $0.23 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 24th. Investors of record on Wednesday, August 10th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend was Monday, August 8th. WisdomTree Investments’s dividend payout ratio is currently 72.73%.
WETF has been the topic of several research analyst reports. Citigroup Inc. reissued a “sell” rating and set a $6.00 target price on shares of WisdomTree Investments in a research note on Tuesday, June 21st. Jefferies Group reaffirmed a “buy” rating and issued a $13.00 price target on shares of WisdomTree Investments in a research note on Tuesday, July 5th. Bank of America Corp. cut WisdomTree Investments from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 28th. Zacks Investment Research raised WisdomTree Investments from a “sell” rating to a “hold” rating in a research note on Wednesday, September 14th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating on shares of WisdomTree Investments in a research note on Monday, August 1st. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $14.23.
Large investors have recently modified their holdings of the company. Macquarie Group Ltd. increased its position in WisdomTree Investments by 98.8% in the second quarter. Macquarie Group Ltd. now owns 3,074,614 shares of the company’s stock valued at $30,100,000 after buying an additional 1,528,032 shares during the last quarter. Nomura Holdings Inc. increased its position in WisdomTree Investments by 156.1% in the second quarter. Nomura Holdings Inc. now owns 61,333 shares of the company’s stock valued at $610,000 after buying an additional 37,381 shares during the last quarter. Mason Street Advisors LLC purchased a new position in WisdomTree Investments during the second quarter valued at approximately $506,000. Schwab Charles Investment Management Inc. increased its position in WisdomTree Investments by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 383,738 shares of the company’s stock valued at $3,757,000 after buying an additional 6,786 shares during the last quarter. Finally, Stifel Financial Corp increased its position in WisdomTree Investments by 3.7% in the second quarter. Stifel Financial Corp now owns 129,844 shares of the company’s stock valued at $1,271,000 after buying an additional 4,681 shares during the last quarter. 96.12% of the stock is owned by hedge funds and other institutional investors.
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 fundamentally weighted funds that track its own indexes, funds that track third party indexes and actively managed funds. The Company operates through exchange traded products (ETP) sponsor and asset manager providing investment advisory services segment.
Receive News & Ratings for WisdomTree Investments Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WisdomTree Investments Inc. and related companies with MarketBeat.com's FREE daily email newsletter.