WisdomTree Investments, Inc. (NASDAQ:WETF) has been assigned a consensus recommendation of “Hold” from the twelve research firms that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $12.06.
WETF has been the topic of several research reports. BidaskClub cut shares of WisdomTree Investments from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 14th. Jefferies Group restated a “buy” rating and set a $15.00 price objective on shares of WisdomTree Investments in a research report on Thursday, January 11th. Zacks Investment Research upgraded shares of WisdomTree Investments from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Saturday, January 6th. Citigroup lowered their price objective on shares of WisdomTree Investments from $15.00 to $13.50 and set a “buy” rating on the stock in a research report on Tuesday, February 6th. Finally, Deutsche Bank set a $13.00 price objective on shares of WisdomTree Investments and gave the company a “buy” rating in a research report on Tuesday, March 6th.
In related news, insider David J. Abner sold 25,000 shares of WisdomTree Investments stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $10.52, for a total value of $263,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael H. Steinhardt sold 41,245 shares of WisdomTree Investments stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $9.71, for a total transaction of $400,488.95. The disclosure for this sale can be found here. In the last quarter, insiders sold 941,936 shares of company stock worth $9,354,156. 16.10% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Virtu Financial LLC purchased a new position in WisdomTree Investments in the 4th quarter worth $148,000. Jane Street Group LLC purchased a new position in shares of WisdomTree Investments in the third quarter valued at about $129,000. Xact Kapitalforvaltning AB purchased a new position in shares of WisdomTree Investments in the fourth quarter valued at about $182,000. Valeo Financial Advisors LLC purchased a new position in shares of WisdomTree Investments in the third quarter valued at about $153,000. Finally, ETRADE Capital Management LLC purchased a new position in shares of WisdomTree Investments in the fourth quarter valued at about $214,000. Institutional investors own 86.45% of the company’s stock.
Shares of WisdomTree Investments (NASDAQ WETF) opened at $9.69 on Friday. The firm has a market cap of $1,334.61, a price-to-earnings ratio of 40.38, a PEG ratio of 1.54 and a beta of 2.74. WisdomTree Investments has a 52-week low of $7.87 and a 52-week high of $13.41.
WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings data on Friday, February 2nd. The asset manager reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.03). The company had revenue of $61.39 million for the quarter, compared to analysts’ expectations of $60.89 million. WisdomTree Investments had a net margin of 11.46% and a return on equity of 16.16%. The business’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.03 EPS. analysts forecast that WisdomTree Investments will post 0.42 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Tuesday, February 13th. WisdomTree Investments’s payout ratio is presently 60.00%.
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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