Assenagon Asset Management S.A. Decreases Holdings in Warner Music Group Corp. (NASDAQ:WMG)

Assenagon Asset Management S.A. decreased its position in shares of Warner Music Group Corp. (NASDAQ:WMGFree Report) by 66.6% during the 4th quarter, Holdings reports. The fund owned 180,035 shares of the company’s stock after selling 359,404 shares during the period. Assenagon Asset Management S.A.’s holdings in Warner Music Group were worth $6,443,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Acadian Asset Management LLC purchased a new stake in Warner Music Group in the 1st quarter valued at approximately $26,000. Ossiam lifted its stake in Warner Music Group by 31.1% in the 1st quarter. Ossiam now owns 1,787 shares of the company’s stock valued at $60,000 after buying an additional 424 shares in the last quarter. Ramirez Asset Management Inc. purchased a new stake in Warner Music Group in the 3rd quarter valued at approximately $75,000. State of Wyoming lifted its stake in Warner Music Group by 20.4% in the 4th quarter. State of Wyoming now owns 3,913 shares of the company’s stock valued at $137,000 after buying an additional 664 shares in the last quarter. Finally, Sunbelt Securities Inc. purchased a new stake in Warner Music Group in the 2nd quarter valued at approximately $125,000. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Redburn Atlantic raised Warner Music Group from a “sell” rating to a “neutral” rating and increased their price target for the stock from $17.00 to $21.00 in a research note on Monday, February 5th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $36.27.

Read Our Latest Report on WMG

Warner Music Group Trading Down 0.9 %

WMG stock opened at $33.02 on Friday. The company has a market cap of $17.10 billion, a price-to-earnings ratio of 37.52, a PEG ratio of 2.07 and a beta of 1.47. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 6.50. The business has a fifty day simple moving average of $34.91 and a 200-day simple moving average of $33.78. Warner Music Group Corp. has a 52 week low of $23.62 and a 52 week high of $38.05.

Warner Music Group (NASDAQ:WMGGet Free Report) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.13). The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.68 billion. Warner Music Group had a return on equity of 128.86% and a net margin of 7.42%. On average, equities research analysts expect that Warner Music Group Corp. will post 0.99 EPS for the current year.

Warner Music Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Thursday, February 22nd were issued a $0.17 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $0.68 annualized dividend and a yield of 2.06%. Warner Music Group’s dividend payout ratio is currently 77.27%.

Warner Music Group Company Profile

(Free Report)

Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. It operates through Recorded Music and Music Publishing segments. The Recorded Music segment is involved in the discovery and development of recording artists, as well as related marketing, promotion, distribution, sale, and licensing of music created by such recording artists; markets its music catalog through compilations and reissuances of previously released music and video titles, as well as previously unreleased materials; and conducts its operation primarily through a collection of record labels, such as Warner Records and Atlantic Records, as well as Asylum, Big Beat, Canvasback, East West, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Roadrunner, Sire, Spinnin' Records, Warner Classics, and Warner Music Nashville.

Recommended Stories

Want to see what other hedge funds are holding WMG? Visit to get the latest 13F filings and insider trades for Warner Music Group Corp. (NASDAQ:WMGFree Report).

Institutional Ownership by Quarter for Warner Music Group (NASDAQ:WMG)

Receive News & Ratings for Warner Music Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Warner Music Group and related companies with's FREE daily email newsletter.