WisdomTree Investments, Inc. (WETF) Stake Raised by Teachers Retirement System of The State of Kentucky
Teachers Retirement System of The State of Kentucky boosted its stake in WisdomTree Investments, Inc. (NASDAQ:WETF) by 54.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,200 shares of the asset manager’s stock after buying an additional 12,800 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in WisdomTree Investments were worth $329,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in WETF. Teachers Advisors LLC raised its position in shares of WisdomTree Investments by 6.7% in the fourth quarter. Teachers Advisors LLC now owns 221,994 shares of the asset manager’s stock valued at $2,473,000 after buying an additional 14,015 shares during the period. Koshinski Asset Management Inc. raised its position in shares of WisdomTree Investments by 41.4% in the first quarter. Koshinski Asset Management Inc. now owns 69,119 shares of the asset manager’s stock valued at $628,000 after buying an additional 20,249 shares during the period. Carroll Financial Associates Inc. raised its position in shares of WisdomTree Investments by 82.0% in the first quarter. Carroll Financial Associates Inc. now owns 40,680 shares of the asset manager’s stock valued at $369,000 after buying an additional 18,330 shares during the period. Bank of Montreal Can raised its position in shares of WisdomTree Investments by 427.4% in the first quarter. Bank of Montreal Can now owns 49,722 shares of the asset manager’s stock valued at $451,000 after buying an additional 40,294 shares during the period. Finally, Capstone Asset Management Co. bought a new position in shares of WisdomTree Investments during the first quarter valued at $120,000. Hedge funds and other institutional investors own 95.28% of the company’s stock.
Shares of WisdomTree Investments, Inc. (NASDAQ:WETF) traded down 1.20% on Tuesday, reaching $9.89. 237,304 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $10.29 and its 200-day moving average price is $9.47. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 45.16 and a beta of 3.09. WisdomTree Investments, Inc. has a 52 week low of $7.87 and a 52 week high of $13.32.
WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings data on Friday, July 28th. The asset manager reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.02. WisdomTree Investments had a net margin of 13.33% and a return on equity of 15.41%. The company had revenue of $63.40 million during the quarter, compared to the consensus estimate of $57.27 million. During the same quarter in the prior year, the company posted $0.07 EPS. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. Equities analysts predict that WisdomTree Investments, Inc. will post $0.25 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend is Monday, August 7th. WisdomTree Investments’s dividend payout ratio is currently 145.46%.
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Several brokerages have weighed in on WETF. Zacks Investment Research lowered shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. Gabelli reaffirmed a “buy” rating on shares of WisdomTree Investments in a research note on Monday, July 31st. Northland Securities reaffirmed a “hold” rating and set a $10.50 target price on shares of WisdomTree Investments in a research note on Sunday, July 30th. BidaskClub lowered shares of WisdomTree Investments from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $14.00 target price on shares of WisdomTree Investments in a research note on Wednesday, June 28th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $10.11.
In other news, Director Bruce I. Lavine sold 10,289 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $10.10, for a total transaction of $103,918.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 16.60% of the company’s stock.
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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