Schwab Charles Investment Management Inc. Increases Holdings in WisdomTree Investments, Inc. (WETF)
Schwab Charles Investment Management Inc. raised its stake in shares of WisdomTree Investments, Inc. (NASDAQ:WETF) by 0.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 476,715 shares of the asset manager’s stock after buying an additional 4,419 shares during the period. Schwab Charles Investment Management Inc. owned about 0.35% of WisdomTree Investments worth $4,849,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of WisdomTree Investments by 25,214.1% during the 1st quarter. BlackRock Inc. now owns 13,399,791 shares of the asset manager’s stock valued at $121,669,000 after acquiring an additional 13,346,857 shares during the period. Principal Financial Group Inc. grew its position in shares of WisdomTree Investments by 94.0% during the 1st quarter. Principal Financial Group Inc. now owns 888,209 shares of the asset manager’s stock valued at $8,065,000 after acquiring an additional 430,388 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of WisdomTree Investments during the 2nd quarter valued at $296,000. UBS Group AG grew its position in shares of WisdomTree Investments by 7.2% during the 1st quarter. UBS Group AG now owns 445,432 shares of the asset manager’s stock valued at $4,045,000 after acquiring an additional 29,892 shares during the period. Finally, Whittier Trust Co. grew its position in shares of WisdomTree Investments by 2.6% during the 2nd quarter. Whittier Trust Co. now owns 89,988 shares of the asset manager’s stock valued at $915,000 after acquiring an additional 2,297 shares during the period. Institutional investors and hedge funds own 92.49% of the company’s stock.
A number of brokerages have recently issued reports on WETF. Keefe, Bruyette & Woods reissued an “underperform” rating on shares of WisdomTree Investments in a research report on Thursday, August 10th. BidaskClub downgraded shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. ValuEngine raised shares of WisdomTree Investments from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Gabelli reissued a “buy” rating on shares of WisdomTree Investments in a research report on Monday, July 31st. Finally, Zacks Investment Research downgraded shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Six investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $10.33.
In other WisdomTree Investments news, Director Bruce I. Lavine sold 19,849 shares of WisdomTree Investments stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $9.95, for a total value of $197,497.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.10% of the stock is currently owned by insiders.
WisdomTree Investments, Inc. (WETF) opened at 10.99 on Friday. The company has a market cap of $1.48 billion, a P/E ratio of 49.95 and a beta of 3.15. The company has a 50-day moving average of $9.62 and a 200 day moving average of $9.53. WisdomTree Investments, Inc. has a one year low of $7.87 and a one year high of $13.32.
WisdomTree Investments (NASDAQ:WETF) last released its quarterly earnings data on Friday, July 28th. The asset manager reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $57.27 million. During the same quarter in the previous year, the company earned $0.07 earnings per share. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. Analysts anticipate that WisdomTree Investments, Inc. will post $0.25 earnings per share for the current year.
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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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