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Steward Partners Investment Advisory LLC Purchases Shares of 6,500 WisdomTree Investments, Inc. (NASDAQ:WETF)

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Steward Partners Investment Advisory LLC purchased a new stake in shares of WisdomTree Investments, Inc. (NASDAQ:WETFGet Rating) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,500 shares of the asset manager’s stock, valued at approximately $38,000.

A number of other large investors have also added to or reduced their stakes in WETF. Glassy Mountain Advisors Inc. purchased a new stake in WisdomTree Investments during the first quarter valued at about $117,000. Teacher Retirement System of Texas grew its stake in shares of WisdomTree Investments by 16.5% during the fourth quarter. Teacher Retirement System of Texas now owns 21,098 shares of the asset manager’s stock valued at $129,000 after buying an additional 2,990 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of WisdomTree Investments by 12.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 28,933 shares of the asset manager’s stock valued at $177,000 after buying an additional 3,295 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of WisdomTree Investments by 63.7% during the fourth quarter. ProShare Advisors LLC now owns 32,839 shares of the asset manager’s stock valued at $201,000 after buying an additional 12,773 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of WisdomTree Investments during the fourth quarter valued at about $304,000. Hedge funds and other institutional investors own 82.02% of the company’s stock.

WisdomTree Investments Stock Down 0.5 %

NASDAQ WETF opened at $5.43 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.17 and a quick ratio of 0.63. The stock has a market capitalization of $795.60 million, a PE ratio of 67.88 and a beta of 1.53. WisdomTree Investments, Inc. has a 1 year low of $4.80 and a 1 year high of $6.92. The business’s 50-day moving average is $5.38 and its 200 day moving average is $7.47.

WisdomTree Investments (NASDAQ:WETFGet Rating) last posted its earnings results on Friday, July 29th. The asset manager reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The business had revenue of $77.25 million during the quarter, compared to the consensus estimate of $76.68 million. WisdomTree Investments had a return on equity of 22.05% and a net margin of 4.72%. Sell-side analysts forecast that WisdomTree Investments, Inc. will post 0.3 earnings per share for the current year.

WisdomTree Investments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, August 9th. This represents a $0.12 annualized dividend and a yield of 2.21%. WisdomTree Investments’s payout ratio is 150.02%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WETF. StockNews.com raised WisdomTree Investments from a “sell” rating to a “hold” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft reduced their price objective on WisdomTree Investments from $6.00 to $5.00 and set a “hold” rating on the stock in a research note on Wednesday, July 13th. Keefe, Bruyette & Woods cut WisdomTree Investments from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $7.25 to $6.00 in a research note on Tuesday, June 28th. Morgan Stanley reduced their price objective on WisdomTree Investments from $6.75 to $6.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 30th. Finally, The Goldman Sachs Group reduced their price objective on WisdomTree Investments from $5.00 to $4.50 and set a “sell” rating on the stock in a research note on Wednesday, June 29th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat.com, WisdomTree Investments currently has an average rating of “Hold” and a consensus target price of $5.38.

About WisdomTree Investments

(Get Rating)

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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