Northwestern Mutual Investment Management Company LLC raised its stake in WisdomTree Investments Inc. (NASDAQ:WETF) by 0.1% during the second quarter, Holdings Channel reports. The institutional investor owned 19,552 shares of the company’s stock after buying an additional 18 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in WisdomTree Investments were worth $191,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in WETF. Mason Street Advisors LLC purchased a new position in shares of WisdomTree Investments during the second quarter valued at $506,000. Schwab Charles Investment Management Inc. increased its position in shares of 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. Stifel Financial Corp increased its position in shares of 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. Amalgamated Bank increased its position in shares of WisdomTree Investments by 10.4% in the second quarter. Amalgamated Bank now owns 13,840 shares of the company’s stock valued at $144,000 after buying an additional 1,304 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of WisdomTree Investments by 2.1% in the second quarter. Legal & General Group Plc now owns 28,156 shares of the company’s stock valued at $268,000 after buying an additional 575 shares during the last quarter. Institutional investors and hedge funds own 96.12% of the company’s stock.
Shares of WisdomTree Investments Inc. (NASDAQ:WETF) opened at 9.86 on Friday. The company’s 50-day moving average is $10.26 and its 200-day moving average is $10.84. WisdomTree Investments Inc. has a 52-week low of $8.70 and a 52-week high of $22.33. The firm has a market cap of $1.32 billion, a P/E ratio of 22.88 and a beta of 2.67.
WisdomTree Investments (NASDAQ:WETF) last released its quarterly earnings results on Friday, July 29th. The company reported $0.07 earnings per share for the quarter, beating 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 business earned $55.98 million during the quarter, compared to analyst estimates of $55.01 million. During the same quarter last year, the company posted $0.18 EPS. WisdomTree Investments’s revenue for the quarter was down 31.4% on a year-over-year basis. Equities research analysts forecast that WisdomTree Investments Inc. will post $0.23 earnings per share for the current fiscal year.
Several brokerages recently weighed in on WETF. Credit Suisse Group AG set a $14.00 target price on shares of WisdomTree Investments and gave the company a “buy” rating in a research note on Saturday, September 17th. Zacks Investment Research raised shares of WisdomTree Investments from a “sell” rating to a “hold” rating in a research note on Wednesday, July 6th. Jefferies Group reissued a “buy” rating on shares of WisdomTree Investments in a research note on Friday, August 5th. Bank of America Corp. downgraded shares of WisdomTree Investments from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 28th. Finally, Citigroup Inc. reissued a “sell” rating and issued a $6.00 target price on shares of WisdomTree Investments in a research note on Tuesday, June 21st. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. WisdomTree Investments presently has an average rating of “Hold” and a consensus price target of $14.23.
In other WisdomTree Investments news, Director Anthony Bossone acquired 50,000 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The stock was purchased at an average cost of $9.90 per share, for a total transaction of $495,000.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jonathan L. Steinberg acquired 100,000 shares of the firm’s stock in a transaction on Wednesday, September 14th. The shares were acquired at an average price of $10.23 per share, with a total value of $1,023,000.00. The disclosure for this purchase can be found here. 16.10% of the stock is owned by corporate insiders.
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 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.
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