WisdomTree Investments, Inc. (NASDAQ:WETF) Position Boosted by Citigroup Inc.

Citigroup Inc. raised its holdings in shares of WisdomTree Investments, Inc. (NASDAQ:WETF) by 116.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,866 shares of the asset manager’s stock after acquiring an additional 47,854 shares during the quarter. Citigroup Inc.’s holdings in WisdomTree Investments were worth $551,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in WETF. Massachusetts Financial Services Co. MA grew its stake in WisdomTree Investments by 33.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,030,753 shares of the asset manager’s stock valued at $50,192,000 after acquiring an additional 2,030,232 shares in the last quarter. Bank of New York Mellon Corp grew its stake in WisdomTree Investments by 86.4% during the 1st quarter. Bank of New York Mellon Corp now owns 3,052,721 shares of the asset manager’s stock valued at $19,080,000 after acquiring an additional 1,415,101 shares in the last quarter. BlackRock Inc. grew its stake in WisdomTree Investments by 7.4% during the 1st quarter. BlackRock Inc. now owns 20,233,176 shares of the asset manager’s stock valued at $126,457,000 after acquiring an additional 1,397,235 shares in the last quarter. Toroso Investments LLC grew its stake in WisdomTree Investments by 1,621.3% during the 1st quarter. Toroso Investments LLC now owns 676,641 shares of the asset manager’s stock valued at $4,229,000 after acquiring an additional 637,331 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in WisdomTree Investments by 92.7% during the 1st quarter. Ameriprise Financial Inc. now owns 892,165 shares of the asset manager’s stock valued at $5,576,000 after acquiring an additional 429,078 shares in the last quarter. 70.06% of the stock is currently owned by institutional investors.

In related news, Director Frank Salerno sold 10,024 shares of the business’s stock in a transaction that occurred on Tuesday, September 14th. The stock was sold at an average price of $5.89, for a total value of $59,041.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.00% of the stock is currently owned by insiders.

Several brokerages recently commented on WETF. Zacks Investment Research cut WisdomTree Investments from a “buy” rating to a “hold” rating in a research note on Tuesday, October 5th. Morgan Stanley lowered their price target on WisdomTree Investments from $7.25 to $6.75 and set an “equal weight” rating for the company in a research note on Friday, July 9th. Finally, Keefe, Bruyette & Woods raised WisdomTree Investments from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $7.50 to $8.00 in a research note on Sunday, August 1st. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $6.82.

WETF opened at $5.42 on Thursday. The business has a 50 day moving average price of $6.03 and a 200 day moving average price of $6.32. WisdomTree Investments, Inc. has a twelve month low of $3.41 and a twelve month high of $7.38. The company has a debt-to-equity ratio of 1.23, a quick ratio of 3.24 and a current ratio of 4.15. The firm has a market cap of $810.79 million, a P/E ratio of 60.22 and a beta of 1.81.

WisdomTree Investments (NASDAQ:WETF) last posted its earnings results on Friday, July 30th. The asset manager reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.01. WisdomTree Investments had a return on equity of 18.36% and a net margin of 6.74%. The firm had revenue of $77.60 million during the quarter, compared to analyst estimates of $75.58 million. During the same period in the previous year, the company earned $0.05 EPS. The company’s revenue for the quarter was up 33.5% on a year-over-year basis. As a group, analysts anticipate that WisdomTree Investments, Inc. will post 0.36 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 25th. Investors of record on Wednesday, August 11th were issued a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, August 10th. This represents a $0.12 annualized dividend and a yield of 2.21%. WisdomTree Investments’s dividend payout ratio (DPR) is currently 48.00%.

WisdomTree Investments Company Profile

WisdomTree Investments, Inc operates as an asset management company that focuses on Exchange Traded Products (ETPs). It distributes ETPs within the asset management industry, including brokerage firms, registered investment advisors, institutional investors, private wealth managers and discount brokers.

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

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