WisdomTree Investments, Inc. (NASDAQ:WETF) – Stock analysts at Jefferies Group cut their FY2017 earnings estimates for shares of WisdomTree Investments in a research note issued to investors on Tuesday. Jefferies Group analyst S. Thind now expects that the asset manager will earn $0.26 per share for the year, down from their prior forecast of $0.27. Jefferies Group currently has a “Buy” rating and a $14.00 target price on the stock. Jefferies Group also issued estimates for WisdomTree Investments’ Q4 2017 earnings at $0.06 EPS, Q1 2018 earnings at $0.08 EPS, Q2 2018 earnings at $0.10 EPS, Q3 2018 earnings at $0.10 EPS, Q4 2018 earnings at $0.11 EPS, FY2018 earnings at $0.40 EPS and FY2019 earnings at $0.53 EPS.
WisdomTree Investments (NASDAQ:WETF) last announced its quarterly earnings data on Friday, October 27th. The asset manager reported $0.06 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.06. WisdomTree Investments had a return on equity of 15.47% and a net margin of 12.98%. The firm had revenue of $57.99 million for the quarter, compared to analyst estimates of $57.89 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. WisdomTree Investments’s quarterly revenue was up 12.0% on a year-over-year basis.
A number of other research firms also recently commented on WETF. UBS AG boosted their target price on WisdomTree Investments from $8.00 to $8.50 and gave the stock a “sell” rating in a research report on Tuesday, November 14th. Keefe, Bruyette & Woods reiterated an “underperform” rating on shares of WisdomTree Investments in a research report on Thursday, August 10th. BidaskClub downgraded WisdomTree Investments from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. ValuEngine upgraded WisdomTree Investments from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Gabelli reiterated a “buy” rating on shares of WisdomTree Investments in a research report on Monday, July 31st. Five analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $11.28.
WisdomTree Investments (WETF) opened at $10.95 on Friday. WisdomTree Investments has a twelve month low of $7.87 and a twelve month high of $13.32. The firm has a market capitalization of $1,470.00, a price-to-earnings ratio of 48.39, a P/E/G ratio of 2.61 and a beta of 3.18.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th will be given a $0.08 dividend. The ex-dividend date is Tuesday, November 7th. This represents a $0.32 annualized dividend and a dividend yield of 2.92%. WisdomTree Investments’s dividend payout ratio is currently 145.45%.
Large investors have recently modified their holdings of the company. Everence Capital Management Inc. purchased a new stake in shares of WisdomTree Investments in the third quarter valued at $103,000. Penserra Capital Management LLC purchased a new stake in shares of WisdomTree Investments in the second quarter valued at $107,000. Traynor Capital Management Inc. purchased a new stake in shares of WisdomTree Investments in the third quarter valued at $111,000. 3D Asset Management Inc. purchased a new stake in shares of WisdomTree Investments in the third quarter valued at $112,000. Finally, Shelton Capital Management purchased a new stake in shares of WisdomTree Investments in the second quarter valued at $116,000. Institutional investors and hedge funds own 91.83% of the company’s stock.
About WisdomTree Investments
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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