Susquehanna International Group LLP lifted its position in WisdomTree Investments, Inc. (NASDAQ:WETF) by 182.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 309,717 shares of the asset manager’s stock after purchasing an additional 200,084 shares during the quarter. Susquehanna International Group LLP owned approximately 0.21% of WisdomTree Investments worth $1,657,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Teacher Retirement System of Texas acquired a new stake in WisdomTree Investments during the 4th quarter worth approximately $61,000. Vantage Consulting Group Inc acquired a new stake in WisdomTree Investments during the 4th quarter worth approximately $61,000. Profund Advisors LLC acquired a new stake in WisdomTree Investments during the 4th quarter worth approximately $66,000. Virtu Financial LLC acquired a new stake in WisdomTree Investments during the 3rd quarter worth approximately $43,000. Finally, Truist Financial Corp acquired a new stake in WisdomTree Investments during the 4th quarter worth approximately $82,000. 71.02% of the stock is owned by institutional investors.
Several research firms have recently commented on WETF. Zacks Investment Research cut WisdomTree Investments from a “buy” rating to a “hold” rating in a report on Thursday. Northland Securities raised their price target on WisdomTree Investments from $4.25 to $6.00 in a report on Tuesday, December 29th. Credit Suisse Group raised their price target on WisdomTree Investments from $6.60 to $7.40 and gave the company an “outperform” rating in a report on Monday, February 1st. Morgan Stanley raised WisdomTree Investments from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $4.75 to $6.75 in a research note on Thursday. Finally, Northcoast Research reaffirmed a “neutral” rating on shares of WisdomTree Investments in a research note on Tuesday, March 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. WisdomTree Investments presently has a consensus rating of “Hold” and a consensus price target of $5.48.
WisdomTree Investments stock opened at $6.49 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.31 and a current ratio of 1.52. The stock has a fifty day moving average of $6.03 and a two-hundred day moving average of $4.97. The company has a market capitalization of $972.31 million, a price-to-earnings ratio of -58.99, a PEG ratio of 0.75 and a beta of 1.90. WisdomTree Investments, Inc. has a fifty-two week low of $2.33 and a fifty-two week high of $6.93.
WisdomTree Investments (NASDAQ:WETF) last released its quarterly earnings results on Thursday, January 28th. The asset manager reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. The company had revenue of $67.10 million during the quarter, compared to the consensus estimate of $65.47 million. WisdomTree Investments had a positive return on equity of 12.32% and a negative net margin of 5.21%. WisdomTree Investments’s revenue was down 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 earnings per share. On average, analysts forecast that WisdomTree Investments, Inc. will post 0.22 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 24th. Stockholders of record on Wednesday, February 10th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date was Tuesday, February 9th. WisdomTree Investments’s dividend payout ratio is currently 54.55%.
In other news, CFO Amit Muni sold 75,000 shares of WisdomTree Investments stock in a transaction on Friday, January 15th. The stock was sold at an average price of $5.33, for a total value of $399,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 8.10% of the stock is owned by insiders.
WisdomTree 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.
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