Principal Financial Group Inc. lowered its position in WisdomTree Investments, Inc. (NASDAQ:WETF) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 881,067 shares of the asset manager’s stock after selling 8,096 shares during the quarter. Principal Financial Group Inc. owned about 0.65% of WisdomTree Investments worth $8,970,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of Montreal Can boosted its stake in WisdomTree Investments by 0.7% during the second quarter. Bank of Montreal Can now owns 50,078 shares of the asset manager’s stock worth $508,000 after buying an additional 356 shares during the period. PNC Financial Services Group Inc. boosted its stake in WisdomTree Investments by 3.5% during the second quarter. PNC Financial Services Group Inc. now owns 19,688 shares of the asset manager’s stock worth $201,000 after buying an additional 668 shares during the period. Texas Permanent School Fund boosted its stake in WisdomTree Investments by 0.8% during the second quarter. Texas Permanent School Fund now owns 83,782 shares of the asset manager’s stock worth $852,000 after buying an additional 692 shares during the period. Tudor Investment Corp ET AL boosted its stake in WisdomTree Investments by 5.4% during the second quarter. Tudor Investment Corp ET AL now owns 14,289 shares of the asset manager’s stock worth $145,000 after buying an additional 726 shares during the period. Finally, Amalgamated Bank boosted its stake in WisdomTree Investments by 5.0% during the second quarter. Amalgamated Bank now owns 15,966 shares of the asset manager’s stock worth $162,000 after buying an additional 760 shares during the period. 91.61% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have weighed in on the stock. BidaskClub raised shares of WisdomTree Investments from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. UBS increased their target price on shares of WisdomTree Investments from $8.00 to $8.50 and gave the stock a “sell” rating in a research note on Tuesday, November 14th. Keefe, Bruyette & Woods raised shares of WisdomTree Investments from an “underperform” rating to a “mkt perform” rating in a research note on Tuesday, November 14th. Zacks Investment Research lowered shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. Finally, Citigroup reaffirmed a “buy” rating and set a $15.00 target price on shares of WisdomTree Investments in a research note on Monday, October 30th. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $11.28.

Shares of WisdomTree Investments, Inc. (NASDAQ WETF) opened at $11.93 on Wednesday. The stock has a market cap of $1,642.94, a PE ratio of 52.17, a PEG ratio of 2.83 and a beta of 3.16. 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, October 27th. The asset manager reported $0.06 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. The business had revenue of $57.99 million for the quarter, compared to analysts’ expectations of $57.89 million. WisdomTree Investments had a net margin of 12.98% and a return on equity of 15.47%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 earnings per share. research analysts anticipate that WisdomTree Investments, Inc. will post 0.25 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $0.32 annualized dividend and a dividend yield of 2.68%. WisdomTree Investments’s dividend payout ratio is presently 145.46%.

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

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