WisdomTree Investments (WETF) Price Target Cut to $9.50 by Analysts at Bank of America

WisdomTree Investments (NASDAQ:WETF) had its target price reduced by Bank of America from $10.00 to $9.50 in a research note issued to investors on Monday, February 5th. They currently have an underperform rating on the asset manager’s stock.

Several other equities analysts have also recently commented on the stock. Keefe, Bruyette & Woods reiterated a hold rating and set a $12.00 target price on shares of WisdomTree Investments in a research note on Friday, February 2nd. Zacks Investment Research lowered shares of WisdomTree Investments from a buy rating to a hold rating in a report on Friday, February 2nd. BidaskClub lowered shares of WisdomTree Investments from a buy rating to a hold rating in a report on Friday, February 2nd. Finally, Jefferies Group reissued a buy rating and issued a $15.00 price target on shares of WisdomTree Investments in a report on Thursday, January 11th. 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’s stock. WisdomTree Investments has a consensus rating of Hold and an average target price of $11.85.

Shares of WisdomTree Investments (NASDAQ WETF) opened at $9.91 on Monday. The stock has a market cap of $1,404.21, a P/E 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 quarterly earnings data on Friday, February 2nd. The asset manager reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.03). The firm had revenue of $61.39 million during the quarter, compared to analyst estimates of $60.89 million. WisdomTree Investments had a return on equity of 16.00% and a net margin of 11.46%. WisdomTree Investments’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.03 earnings per share. equities research analysts expect that WisdomTree Investments will post 0.43 EPS for the current fiscal year.

The business also recently declared 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. The ex-dividend date is Tuesday, February 13th. This represents a $0.12 annualized dividend and a yield of 1.21%. WisdomTree Investments’s dividend payout ratio (DPR) is 160.00%.

In related news, Director Frank Salerno sold 50,000 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $11.71, for a total transaction of $585,500.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Kurt Macalpine purchased 19,710 shares of WisdomTree Investments stock in a transaction that occurred on Monday, February 5th. The shares were bought at an average price of $10.38 per share, for a total transaction of $204,589.80. The disclosure for this purchase can be found here. 16.60% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in WETF. Everence Capital Management Inc. bought a new stake in WisdomTree Investments during the 3rd quarter worth approximately $103,000. Traynor Capital Management Inc. bought a new stake in WisdomTree Investments during the 3rd quarter worth approximately $111,000. 3D Asset Management Inc. bought a new stake in WisdomTree Investments during the 3rd quarter worth approximately $112,000. Shelton Capital Management bought a new stake in WisdomTree Investments during the 2nd quarter worth approximately $116,000. Finally, Jane Street Group LLC bought a new stake in WisdomTree Investments during the 3rd quarter worth approximately $129,000. Institutional investors own 89.79% 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.

Analyst Recommendations for WisdomTree Investments (NASDAQ:WETF)

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