Comerica Bank decreased its position in shares of Wisdom Tree Investments Inc (NASDAQ:WETF) by 5.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 111,066 shares of the asset manager’s stock after selling 6,269 shares during the quarter. Comerica Bank owned approximately 0.07% of Wisdom Tree Investments worth $690,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mason Street Advisors LLC boosted its position in Wisdom Tree Investments by 4.8% during the first quarter. Mason Street Advisors LLC now owns 37,869 shares of the asset manager’s stock valued at $267,000 after purchasing an additional 1,750 shares in the last quarter. Piedmont Investment Advisors Inc. raised its stake in shares of Wisdom Tree Investments by 6.6% in the first quarter. Piedmont Investment Advisors Inc. now owns 29,510 shares of the asset manager’s stock worth $208,000 after purchasing an additional 1,822 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Wisdom Tree Investments by 13.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 19,574 shares of the asset manager’s stock worth $121,000 after purchasing an additional 2,260 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Wisdom Tree Investments by 1.6% in the first quarter. Arizona State Retirement System now owns 181,896 shares of the asset manager’s stock worth $1,284,000 after purchasing an additional 2,784 shares during the last quarter. Finally, Texas Permanent School Fund raised its stake in shares of Wisdom Tree Investments by 5.2% in the first quarter. Texas Permanent School Fund now owns 80,061 shares of the asset manager’s stock worth $565,000 after purchasing an additional 3,951 shares during the last quarter. 73.08% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently issued reports on the company. BidaskClub upgraded Wisdom Tree Investments from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Zacks Investment Research lowered Wisdom Tree Investments from a “hold” rating to a “sell” rating in a report on Sunday, July 14th. Five investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. Wisdom Tree Investments has a consensus rating of “Sell” and a consensus price target of $7.80.
In other news, insider Jeremy Schwartz acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were purchased at an average price of $4.73 per share, for a total transaction of $47,300.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 14.90% of the stock is currently owned by insiders.
Shares of NASDAQ:WETF traded up $0.25 during trading on Friday, reaching $5.55. The stock had a trading volume of 81,651 shares, compared to its average volume of 994,313. Wisdom Tree Investments Inc has a 1-year low of $4.56 and a 1-year high of $8.53. The stock has a market cap of $803.41 million, a PE ratio of 17.25, a PEG ratio of 2.28 and a beta of 1.58. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.78 and a current ratio of 1.93. The business has a fifty day moving average price of $5.41 and a 200-day moving average price of $6.49.
Wisdom Tree Investments (NASDAQ:WETF) last posted its earnings results on Friday, July 26th. The asset manager reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.01). Wisdom Tree Investments had a net margin of 8.00% and a return on equity of 11.09%. The business had revenue of $66.30 million during the quarter, compared to analysts’ expectations of $66.98 million. During the same quarter in the prior year, the firm earned $0.10 EPS. Wisdom Tree Investments’s revenue for the quarter was down 11.4% compared to the same quarter last year. Sell-side analysts expect that Wisdom Tree Investments Inc will post 0.22 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th were issued a $0.03 dividend. The ex-dividend date was Tuesday, August 6th. This represents a $0.12 annualized dividend and a dividend yield of 2.16%. Wisdom Tree Investments’s dividend payout ratio is presently 37.50%.
Wisdom Tree Investments Profile
WisdomTree Investments, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.
Further Reading: After-Hours Trading
Receive News & Ratings for Wisdom Tree Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wisdom Tree Investments and related companies with MarketBeat.com's FREE daily email newsletter.