JPMorgan Chase & Co. Has $7.58 Million Stake in WisdomTree Investments, Inc. (WETF)
JPMorgan Chase & Co. increased its holdings in shares of WisdomTree Investments, Inc. (NASDAQ:WETF) by 5.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 765,395 shares of the asset manager’s stock after acquiring an additional 42,923 shares during the period. JPMorgan Chase & Co. owned about 0.56% of WisdomTree Investments worth $7,584,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Advisor Group Inc. lifted its holdings in shares of WisdomTree Investments by 12.4% in the 2nd quarter. Advisor Group Inc. now owns 15,383 shares of the asset manager’s stock valued at $157,000 after buying an additional 1,700 shares during the period. Piedmont Investment Advisors LLC acquired a new position in WisdomTree Investments in the 2nd quarter worth about $252,000. TIAA CREF Investment Management LLC raised its holdings in WisdomTree Investments by 0.3% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 310,856 shares of the asset manager’s stock worth $3,161,000 after purchasing an additional 1,011 shares during the period. New York State Common Retirement Fund raised its holdings in WisdomTree Investments by 13.7% in the 2nd quarter. New York State Common Retirement Fund now owns 228,614 shares of the asset manager’s stock worth $2,325,000 after purchasing an additional 27,608 shares during the period. Finally, Aberdeen Asset Management PLC UK raised its holdings in WisdomTree Investments by 8.1% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 2,962,738 shares of the asset manager’s stock worth $30,131,000 after purchasing an additional 222,963 shares during the period. 89.41% of the stock is owned by hedge funds and other institutional investors.
Shares of WisdomTree Investments, Inc. (NASDAQ WETF) opened at $12.62 on Wednesday. The stock has a market capitalization of $1,733.30, a price-to-earnings ratio of 57.37, a PEG ratio of 2.99 and a beta of 3.16. WisdomTree Investments, Inc. has a 52 week low of $7.87 and a 52 week high of $12.68.
WisdomTree Investments (NASDAQ:WETF) last announced its quarterly earnings data on Friday, October 27th. The asset manager reported $0.06 earnings per share (EPS) for the quarter, meeting the 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 return on equity of 15.47% and a net margin of 12.98%. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period last year, the firm earned $0.06 earnings per share. research analysts expect that WisdomTree Investments, Inc. will post 0.25 EPS for the current fiscal year.
In other news, Director Frank Salerno sold 50,000 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $11.71, for a total value of $585,500.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 16.60% of the stock is currently owned by company insiders.
Several equities research analysts have commented on the company. Citigroup reiterated a “buy” rating and set a $15.00 price objective on shares of WisdomTree Investments in a research note on Monday, October 30th. UBS Group boosted their price objective on 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 reiterated a “sell” rating and set a $10.00 price objective on shares of WisdomTree Investments in a research note on Thursday, October 12th. Zacks Investment Research lowered WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Finally, Jefferies Group reiterated a “buy” rating and set a $14.00 price objective on shares of WisdomTree Investments in a research note on Thursday, September 7th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. WisdomTree Investments presently has a consensus rating of “Hold” and an average price target of $11.44.
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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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