Teacher Retirement System of Texas Buys 2,331 Shares of WisdomTree Investments, Inc. (NASDAQ:WETF)

Teacher Retirement System of Texas grew its stake in WisdomTree Investments, Inc. (NASDAQ:WETF) by 16.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,166 shares of the asset manager’s stock after acquiring an additional 2,331 shares during the quarter. Teacher Retirement System of Texas’ holdings in WisdomTree Investments were worth $100,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of WisdomTree Investments by 7.4% in 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 during the last quarter. Massachusetts Financial Services Co. MA increased 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 worth $50,192,000 after purchasing an additional 2,030,232 shares in the last quarter. Bank of New York Mellon Corp increased 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 worth $19,080,000 after purchasing an additional 1,415,101 shares in the last quarter. Geode Capital Management LLC increased its stake in WisdomTree Investments by 11.7% during the 1st quarter. Geode Capital Management LLC now owns 2,139,986 shares of the asset manager’s stock worth $13,374,000 after purchasing an additional 223,472 shares in the last quarter. Finally, Capital Management Corp VA increased its stake in WisdomTree Investments by 21.7% during the 2nd quarter. Capital Management Corp VA now owns 1,523,530 shares of the asset manager’s stock worth $9,446,000 after purchasing an additional 271,610 shares in the last quarter. 70.06% of the stock is owned by institutional investors.

In other news, Director Frank Salerno sold 10,024 shares of the 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.00% of the company’s stock.

WETF has been the subject of a number of research reports. Morgan Stanley lowered their target price 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. Keefe, Bruyette & Woods raised WisdomTree Investments from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $7.50 to $8.00 in a research note on Sunday, August 1st. Finally, Zacks Investment Research raised WisdomTree Investments from a “hold” rating to a “buy” rating and set a $6.75 target price for the company in a research note on Wednesday, September 15th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $6.82.

NASDAQ:WETF opened at $5.67 on Tuesday. WisdomTree Investments, Inc. has a twelve month low of $3.06 and a twelve month high of $7.38. The company has a quick ratio of 3.24, a current ratio of 4.15 and a debt-to-equity ratio of 1.23. The business has a 50 day moving average price of $6.17 and a two-hundred day moving average price of $6.36. The company has a market cap of $848.19 million, a P/E ratio of 63.00 and a beta of 1.81.

WisdomTree Investments (NASDAQ:WETF) last released its quarterly earnings data on Friday, July 30th. The asset manager reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. The company had revenue of $77.60 million during the quarter, compared to the consensus estimate of $75.58 million. WisdomTree Investments had a return on equity of 18.36% and a net margin of 6.74%. The firm’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.05 EPS. 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 disclosed a quarterly dividend, which was paid on Wednesday, August 25th. Stockholders of record on Wednesday, August 11th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 2.12%. The ex-dividend date was Tuesday, August 10th. WisdomTree Investments’s payout ratio is presently 48.00%.

About WisdomTree Investments

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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