Principal Financial Group Inc. boosted its stake in WisdomTree Investments Inc. (NASDAQ:WETF) by 13.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 427,834 shares of the company’s stock after buying an additional 50,373 shares during the period. Principal Financial Group Inc. owned about 0.32% of WisdomTree Investments worth $4,189,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WETF. State Street Corp boosted its position in WisdomTree Investments by 1.7% in the first quarter. State Street Corp now owns 4,014,062 shares of the company’s stock valued at $45,880,000 after buying an additional 67,371 shares during the period. Wellington Management Group LLP boosted its position in WisdomTree Investments by 25.9% in the first quarter. Wellington Management Group LLP now owns 19,218,783 shares of the company’s stock valued at $219,671,000 after buying an additional 3,956,785 shares during the period. BlackRock Inc. boosted its position in WisdomTree Investments by 11.0% in the first quarter. BlackRock Inc. now owns 45,995 shares of the company’s stock valued at $526,000 after buying an additional 4,550 shares during the period. Wealthsource Partners LLC purchased a new position in WisdomTree Investments during the first quarter valued at $188,000. Finally, JPMorgan Chase & Co. boosted its position in WisdomTree Investments by 885.3% in the first quarter. JPMorgan Chase & Co. now owns 626,640 shares of the company’s stock valued at $7,162,000 after buying an additional 563,043 shares during the period. Institutional investors and hedge funds own 96.12% of the company’s stock.
Shares of WisdomTree Investments Inc. (NASDAQ:WETF) opened at 9.04 on Friday. WisdomTree Investments Inc. has a 12-month low of $8.70 and a 12-month high of $22.33. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 20.97 and a beta of 2.65. The company’s 50-day moving average is $10.04 and its 200-day moving average is $10.60.
WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings data on Friday, October 28th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. The company had revenue of $51.80 million for the quarter, compared to the consensus estimate of $51.09 million. WisdomTree Investments had a net margin of 21.72% and a return on equity of 26.72%. The firm’s revenue was down 35.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.17 earnings per share. Equities research analysts predict that WisdomTree Investments Inc. will post $0.23 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 23rd. Investors of record on Wednesday, November 9th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date is Monday, November 7th. WisdomTree Investments’s payout ratio is 96.97%.
A number of research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of WisdomTree Investments from a “sell” rating to a “hold” rating in a research note on Wednesday, September 14th. Citigroup Inc. reiterated a “sell” rating on shares of WisdomTree Investments in a research note on Tuesday, October 18th. Jefferies Group reiterated a “buy” rating and issued a $13.00 target price on shares of WisdomTree Investments in a research note on Tuesday, July 5th. Finally, Credit Suisse Group AG reiterated a “buy” rating on shares of WisdomTree Investments in a research note on Monday, August 1st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $13.56.
In other WisdomTree Investments news, Director Anthony Bossone acquired 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were bought at an average price of $9.90 per share, with a total value of $495,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jonathan L. Steinberg acquired 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 14th. The stock was acquired at an average cost of $10.23 per share, for a total transaction of $1,023,000.00. The disclosure for this purchase can be found here. 16.10% of the stock is currently owned by corporate insiders.
About WisdomTree Investments
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.