WisdomTree Investments (WETF) Trading 6.6% Higher

WisdomTree Investments, Inc. (NASDAQ:WETF) traded up 6.6% on Monday . The stock traded as high as $10.57 and last traded at $10.41. 0 shares traded hands during trading, a decline of 100% from the average session volume of 1,880,000 shares. The stock had previously closed at $9.77.

Several equities research analysts recently weighed in on the stock. Morgan Stanley reduced their price target on shares of WisdomTree Investments from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 13th. Citigroup reduced their price target on shares of WisdomTree Investments from $15.00 to $13.50 and set a “buy” rating for the company in a research report on Tuesday, February 6th. Bank of America reduced their price target on shares of WisdomTree Investments from $10.00 to $9.50 and set an “underperform” rating for the company in a research report on Monday, February 5th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $12.00 price target on shares of WisdomTree Investments in a research report on Friday, February 2nd. Finally, Zacks Investment Research downgraded shares of WisdomTree Investments from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. WisdomTree Investments has an average rating of “Hold” and an average price target of $11.85.

The company has a market cap of $1,430.00, a price-to-earnings ratio of 52.25, a PEG ratio of 1.65 and a beta of 2.68.

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). WisdomTree Investments had a return on equity of 16.00% and a net margin of 11.46%. The company had revenue of $61.39 million during the quarter, compared to analysts’ expectations of $60.89 million. During the same quarter in the prior year, the business posted $0.03 EPS. The company’s revenue for the quarter was up 20.8% compared to the same quarter last year. equities research analysts anticipate that WisdomTree Investments, Inc. will post 0.42 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Tuesday, February 13th. WisdomTree Investments’s dividend payout ratio is currently 60.00%.

In related news, insider Kurt Macalpine bought 19,710 shares of the company’s 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frank Salerno sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $11.71, for a total transaction of $585,500.00. The disclosure for this sale can be found here. Company insiders own 16.60% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its holdings in WisdomTree Investments by 3.5% in the second quarter. PNC Financial Services Group Inc. now owns 19,688 shares of the asset manager’s stock worth $201,000 after purchasing an additional 668 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of WisdomTree Investments by 0.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 310,856 shares of the asset manager’s stock worth $3,161,000 after acquiring an additional 1,011 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of WisdomTree Investments by 2.0% during the 3rd quarter. Legal & General Group Plc now owns 232,188 shares of the asset manager’s stock worth $2,362,000 after acquiring an additional 4,487 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of WisdomTree Investments by 9.5% during the 4th quarter. California Public Employees Retirement System now owns 57,486 shares of the asset manager’s stock worth $721,000 after acquiring an additional 5,000 shares during the last quarter. Finally, American International Group Inc. boosted its stake in shares of WisdomTree Investments by 5.8% during the 3rd quarter. American International Group Inc. now owns 91,317 shares of the asset manager’s stock worth $930,000 after acquiring an additional 5,005 shares during the last quarter. Institutional investors own 88.90% 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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