WisdomTree Investments, Inc. (NASDAQ:WETF) Shares Acquired by Texas Permanent School Fund

Texas Permanent School Fund raised its stake in shares of WisdomTree Investments, Inc. (NASDAQ:WETFGet Rating) by 3.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 79,448 shares of the asset manager’s stock after acquiring an additional 2,292 shares during the period. Texas Permanent School Fund’s holdings in WisdomTree Investments were worth $403,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Astoria Portfolio Advisors LLC. increased its position in shares of WisdomTree Investments by 16.7% during the first quarter. Astoria Portfolio Advisors LLC. now owns 17,500 shares of the asset manager’s stock valued at $103,000 after acquiring an additional 2,500 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its position in shares of WisdomTree Investments by 0.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 510,480 shares of the asset manager’s stock valued at $2,997,000 after acquiring an additional 2,605 shares during the last quarter. Federated Hermes Inc. increased its position in shares of WisdomTree Investments by 1.7% during the first quarter. Federated Hermes Inc. now owns 214,201 shares of the asset manager’s stock valued at $1,257,000 after acquiring an additional 3,516 shares during the last quarter. Captrust Financial Advisors increased its position in shares of WisdomTree Investments by 41.6% during the first quarter. Captrust Financial Advisors now owns 13,848 shares of the asset manager’s stock valued at $81,000 after acquiring an additional 4,065 shares during the last quarter. Finally, State of Tennessee Treasury Department increased its position in shares of WisdomTree Investments by 17.9% during the first quarter. State of Tennessee Treasury Department now owns 42,657 shares of the asset manager’s stock valued at $250,000 after acquiring an additional 6,464 shares during the last quarter. 95.95% of the stock is currently owned by institutional investors and hedge funds.

WisdomTree Investments Stock Down 1.3 %

Shares of WisdomTree Investments stock opened at $5.26 on Wednesday. WisdomTree Investments, Inc. has a 52-week low of $4.60 and a 52-week high of $6.92. The company has a 50 day moving average of $5.05 and a 200 day moving average of $5.25. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $771.04 million, a P/E ratio of 9.74 and a beta of 1.46.

WisdomTree Investments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 23rd. Investors of record on Wednesday, November 9th will be paid a $0.03 dividend. The ex-dividend date is Tuesday, November 8th. This represents a $0.12 dividend on an annualized basis and a yield of 2.28%. WisdomTree Investments’s dividend payout ratio is currently 22.22%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on WETF shares. StockNews.com started coverage on shares of WisdomTree Investments in a research report on Wednesday. They set a “hold” rating for the company. The Goldman Sachs Group lifted their price objective on shares of WisdomTree Investments from $4.00 to $4.50 and gave the company a “sell” rating in a report on Tuesday, November 1st. Finally, Morgan Stanley dropped their price objective on shares of WisdomTree Investments from $6.00 to $5.75 and set an “equal weight” rating for the company in a report on Monday, October 3rd. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat, WisdomTree Investments currently has a consensus rating of “Hold” and an average price target of $5.31.

WisdomTree Investments Profile

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

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