WisdomTree Investments, Inc. (NASDAQ:WETF) insider David J. Abner sold 25,000 shares of WisdomTree Investments stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $10.52, for a total transaction of $263,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
WisdomTree Investments, Inc. (WETF) opened at $10.15 on Thursday. The firm has a market cap of $1,431.61, a price-to-earnings ratio of 50.75, a price-to-earnings-growth ratio of 1.68 and a beta of 2.69. WisdomTree Investments, Inc. has a 52-week low of $7.87 and a 52-week high of $13.41.
WisdomTree Investments (NASDAQ:WETF) last released its earnings results 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 for 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%. The firm’s revenue was up 20.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.03 EPS. equities research analysts anticipate that WisdomTree Investments, Inc. will post 0.41 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Tuesday, February 13th. WisdomTree Investments’s dividend payout ratio is 60.00%.
Several research firms recently issued reports on WETF. Bank of America reduced their price objective on shares of WisdomTree Investments from $10.00 to $9.50 and set an “underperform” rating for the company in a research note on Monday, February 5th. Zacks Investment Research raised shares of WisdomTree Investments from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Saturday, January 27th. BidaskClub lowered shares of WisdomTree Investments from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Citigroup reaffirmed a “buy” rating and issued a $15.00 price objective on shares of WisdomTree Investments in a research note on Monday, October 30th. Finally, UBS Group boosted their target price on shares of WisdomTree Investments from $8.00 to $8.50 and gave the stock a “sell” rating in a research report on Tuesday, November 14th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $11.85.
A number of institutional investors have recently added to or reduced their stakes in WETF. Everence Capital Management Inc. acquired a new position in shares of WisdomTree Investments during the third quarter valued at about $103,000. 3D Asset Management Inc. acquired a new position in shares of WisdomTree Investments during the third quarter valued at about $112,000. Traynor Capital Management Inc. acquired a new position in shares of WisdomTree Investments during the third quarter valued at about $111,000. Virtu Financial LLC acquired a new position in shares of WisdomTree Investments during the fourth quarter valued at about $148,000. Finally, Jane Street Group LLC acquired a new position in shares of WisdomTree Investments during the third quarter valued at about $129,000. 88.90% of the stock is owned by hedge funds and other institutional investors.
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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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