Shares of WisdomTree Investments, Inc. (NASDAQ:WETF) dropped 0.7% during mid-day trading on Friday . The stock traded as low as $9.14 and last traded at $9.10. Approximately 596,252 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 1,610,552 shares. The stock had previously closed at $9.16.
WETF has been the topic of several research analyst reports. BidaskClub upgraded shares of WisdomTree Investments from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 6th. Zacks Investment Research upgraded shares of WisdomTree Investments from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Sunday, January 21st. Jefferies Group reiterated a “buy” rating and issued a $15.00 target price on shares of WisdomTree Investments in a research report on Thursday, January 11th. Morgan Stanley dropped their target price on shares of WisdomTree Investments from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 13th. Finally, Bank of America dropped their target price on shares of WisdomTree Investments from $10.00 to $9.50 and set an “underperform” rating on the stock in a research report on Monday, February 5th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $12.28.
The stock has a market cap of $1,359.41, a P/E ratio of 44.70, a price-to-earnings-growth ratio of 1.60 and a beta of 2.74.
WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings results 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 business had revenue of $61.39 million during the quarter, compared to analysts’ expectations of $60.89 million. WisdomTree Investments had a return on equity of 16.16% and a net margin of 11.46%. The business’s quarterly revenue was up 20.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.03 earnings per share. equities research analysts anticipate that WisdomTree Investments, Inc. will post 0.41 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Tuesday, February 13th. WisdomTree Investments’s dividend payout ratio is currently 60.00%.
In other WisdomTree Investments news, insider Kurt Macalpine purchased 19,710 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were purchased at an average cost of $10.38 per share, with a total value of $204,589.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael H. Steinhardt sold 177,009 shares of the firm’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $9.94, for a total transaction of $1,759,469.46. The disclosure for this sale can be found here. Over the last three months, insiders sold 941,936 shares of company stock worth $9,354,156. Insiders own 16.10% of the company’s stock.
Several large investors have recently bought and sold shares of WETF. Virtu Financial LLC purchased a new position in WisdomTree Investments during the fourth quarter worth about $148,000. Jane Street Group LLC purchased a new position in WisdomTree Investments during the third quarter worth about $129,000. Xact Kapitalforvaltning AB purchased a new position in WisdomTree Investments during the fourth quarter worth about $182,000. Valeo Financial Advisors LLC purchased a new position in WisdomTree Investments during the third quarter worth about $153,000. Finally, ETRADE Capital Management LLC purchased a new position in WisdomTree Investments during the fourth quarter worth about $214,000. 86.35% of the stock is currently owned by hedge funds and other institutional investors.
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WisdomTree Investments Company Profile
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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