Comerica Bank reduced its holdings in WisdomTree Investments, Inc. (NASDAQ:WETF) by 5.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 120,504 shares of the asset manager’s stock after selling 6,383 shares during the quarter. Comerica Bank owned approximately 0.09% of WisdomTree Investments worth $1,271,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of WETF. BlackRock Inc. lifted its position in shares of WisdomTree Investments by 25,214.1% in the 1st quarter. BlackRock Inc. now owns 13,399,791 shares of the asset manager’s stock worth $121,669,000 after buying an additional 13,346,857 shares during the last quarter. Clarity Capital KCPS Ltd. bought a new position in shares of WisdomTree Investments in the 1st quarter worth about $530,215,000. TimesSquare Capital Management LLC lifted its position in shares of WisdomTree Investments by 67.9% in the 1st quarter. TimesSquare Capital Management LLC now owns 7,383,500 shares of the asset manager’s stock worth $67,042,000 after buying an additional 2,987,215 shares during the last quarter. Clearbridge Investments LLC lifted its position in shares of WisdomTree Investments by 50.0% in the 1st quarter. Clearbridge Investments LLC now owns 4,805,561 shares of the asset manager’s stock worth $43,634,000 after buying an additional 1,602,505 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of WisdomTree Investments by 15.5% in the 1st quarter. Vanguard Group Inc. now owns 10,381,851 shares of the asset manager’s stock worth $94,267,000 after buying an additional 1,392,507 shares during the last quarter. Institutional investors own 92.71% of the company’s stock.

WisdomTree Investments, Inc. (NASDAQ WETF) opened at 9.08 on Friday. The firm has a market cap of $1.22 billion, a PE ratio of 41.27 and a beta of 3.14. The firm’s 50-day moving average is $9.32 and its 200 day moving average is $9.38. WisdomTree Investments, Inc. has a 1-year low of $7.87 and a 1-year high of $13.32.

WisdomTree Investments (NASDAQ:WETF) last issued its quarterly earnings results on Friday, July 28th. The asset manager reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.02. The business had revenue of $63.40 million for the quarter, compared to the consensus estimate of $57.27 million. WisdomTree Investments had a net margin of 13.33% and a return on equity of 15.41%. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.07 EPS. On average, equities analysts forecast that WisdomTree Investments, Inc. will post $0.24 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th were given a dividend of $0.08 per share. The ex-dividend date was Monday, August 7th. This represents a $0.32 annualized dividend and a yield of 3.52%. WisdomTree Investments’s dividend payout ratio (DPR) is 145.46%.

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In related 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 16.10% of the stock is owned by corporate insiders.

A number of research analysts have recently issued reports on WETF shares. Gabelli restated a “buy” rating on shares of WisdomTree Investments in a research report on Monday, July 31st. Zacks Investment Research upgraded shares of WisdomTree Investments from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Tuesday, July 4th. Jefferies Group LLC restated a “buy” rating and issued a $14.00 price target on shares of WisdomTree Investments in a research report on Wednesday, June 28th. BidaskClub upgraded shares of WisdomTree Investments from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Finally, Northland Securities restated a “hold” rating and issued a $10.50 price target on shares of WisdomTree Investments in a research report on Sunday, July 30th. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $10.11.

WisdomTree Investments 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.

Institutional Ownership by Quarter for WisdomTree Investments (NASDAQ:WETF)

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