BidaskClub upgraded shares of WisdomTree Investments (NASDAQ:WETF) from a buy rating to a strong-buy rating in a research report report published on Wednesday morning.
WETF has been the subject of several other reports. Deutsche Bank started coverage on WisdomTree Investments in a report on Tuesday, October 17th. They set a buy rating and a $13.00 price target for the company. Jefferies Group reiterated a buy rating and set a $14.00 price target on shares of WisdomTree Investments in a report on Thursday, September 7th. Zacks Investment Research lowered WisdomTree Investments from a hold rating to a sell rating in a report on Thursday, October 5th. Keefe, Bruyette & Woods reiterated a sell rating and set a $9.25 price target on shares of WisdomTree Investments in a report on Thursday, September 21st. Finally, UBS lifted their price target on WisdomTree Investments from $8.00 to $8.50 and gave the company a sell rating in a report on Tuesday, November 14th. Four investment analysts have rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. WisdomTree Investments presently has a consensus rating of Hold and a consensus target price of $11.28.
WisdomTree Investments (WETF) traded up $0.27 during trading hours on Wednesday, reaching $11.96. The company’s stock had a trading volume of 1,415,256 shares, compared to its average volume of 1,827,346. WisdomTree Investments has a 52 week low of $7.87 and a 52 week high of $13.32. The stock has a market cap of $1,600.50, a PE ratio of 50.83, a PEG ratio of 2.76 and a beta of 3.16.
WisdomTree Investments (NASDAQ:WETF) last released its earnings results on Friday, October 27th. The asset manager reported $0.06 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. WisdomTree Investments had a return on equity of 15.47% and a net margin of 12.98%. The company had revenue of $57.99 million for the quarter, compared to analysts’ expectations of $57.89 million. During the same quarter in the previous year, the business posted $0.06 EPS. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. analysts expect that WisdomTree Investments will post 0.25 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th were issued a dividend of $0.08 per share. The ex-dividend date was Tuesday, November 7th. This represents a $0.32 annualized dividend and a dividend yield of 2.68%. WisdomTree Investments’s dividend payout ratio is 145.46%.
A number of institutional investors and hedge funds have recently bought and sold shares of WETF. California Public Employees Retirement System lifted its holdings in WisdomTree Investments by 1.6% in the 1st quarter. California Public Employees Retirement System now owns 50,100 shares of the asset manager’s stock worth $455,000 after purchasing an additional 800 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in WisdomTree Investments by 9.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 472,296 shares of the asset manager’s stock worth $4,289,000 after purchasing an additional 39,917 shares during the last quarter. Capstone Asset Management Co. lifted its holdings in WisdomTree Investments by 49.6% in the 2nd quarter. Capstone Asset Management Co. now owns 19,730 shares of the asset manager’s stock worth $201,000 after purchasing an additional 6,541 shares during the last quarter. Bank of Montreal Can lifted its holdings in WisdomTree Investments by 0.7% in the 2nd quarter. Bank of Montreal Can now owns 50,078 shares of the asset manager’s stock worth $508,000 after purchasing an additional 356 shares during the last quarter. Finally, Aperio Group LLC lifted its holdings in WisdomTree Investments by 31.7% in the 2nd quarter. Aperio Group LLC now owns 13,353 shares of the asset manager’s stock worth $136,000 after purchasing an additional 3,212 shares during the last quarter. Hedge funds and other institutional investors own 91.61% of the company’s stock.
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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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