WisdomTree Investments (NASDAQ:WETF) had its target price cut by Citigroup from $15.00 to $13.50 in a research report sent to investors on Tuesday, February 6th. They currently have a buy rating on the asset manager’s stock.
Other analysts have also issued reports about the company. BidaskClub lowered WisdomTree Investments from a strong-buy rating to a buy rating in a research note on Thursday, December 14th. Deutsche Bank began coverage on WisdomTree Investments in a research note on Tuesday, October 17th. They issued a buy rating and a $13.00 target price on the stock. Jefferies Group reiterated a buy rating and set a $15.00 price objective on shares of WisdomTree Investments in a research note on Thursday, January 11th. Zacks Investment Research upgraded WisdomTree Investments from a hold rating to a buy rating and set a $14.00 price objective on the stock in a research note on Saturday, January 6th. Finally, Northland Securities reiterated a hold rating and set a $12.00 price objective on shares of WisdomTree Investments in a research note on Sunday, October 29th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of $11.85.
Shares of WisdomTree Investments (WETF) opened at $9.91 on Tuesday. The stock has a market capitalization of $1,404.21, a price-to-earnings ratio of 42.71, a price-to-earnings-growth ratio of 1.59 and a beta of 2.69. WisdomTree Investments has a one year low of $7.87 and a one year high of $13.41.
WisdomTree Investments (NASDAQ:WETF) last issued its earnings results on Friday, February 2nd. The asset manager reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.03). The firm had revenue of $61.39 million during the quarter, compared to the consensus estimate of $60.89 million. WisdomTree Investments had a net margin of 11.46% and a return on equity of 16.00%. The business’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.03 earnings per share. equities analysts forecast that WisdomTree Investments will post 0.43 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Tuesday, February 13th. WisdomTree Investments’s payout ratio is 160.00%.
In other WisdomTree Investments news, insider Kurt Macalpine bought 19,710 shares of WisdomTree Investments stock in a transaction that occurred on Monday, February 5th. The stock was acquired at an average cost of $10.38 per share, for a total transaction of $204,589.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frank Salerno sold 50,000 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $11.71, for a total value of $585,500.00. The disclosure for this sale can be found here. 16.60% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. grew its position in WisdomTree Investments by 3.5% during the second quarter. PNC Financial Services Group Inc. now owns 19,688 shares of the asset manager’s stock worth $201,000 after buying an additional 668 shares in the last quarter. Tudor Investment Corp ET AL grew its position in WisdomTree Investments by 5.4% during the second quarter. Tudor Investment Corp ET AL now owns 14,289 shares of the asset manager’s stock worth $145,000 after buying an additional 726 shares in the last quarter. Amalgamated Bank grew its position in WisdomTree Investments by 5.0% during the second quarter. Amalgamated Bank now owns 15,966 shares of the asset manager’s stock worth $162,000 after buying an additional 760 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in WisdomTree Investments by 0.3% during the second quarter. TIAA CREF Investment Management LLC now owns 310,856 shares of the asset manager’s stock worth $3,161,000 after buying an additional 1,011 shares in the last quarter. Finally, Advisor Group Inc. grew its position in WisdomTree Investments by 12.4% during the second quarter. Advisor Group Inc. now owns 15,383 shares of the asset manager’s stock worth $157,000 after buying an additional 1,700 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.
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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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