BidaskClub cut shares of WisdomTree Investments (NASDAQ:WETF) from a buy rating to a hold rating in a report published on Thursday.
A number of other equities analysts have also commented on the company. Deutsche Bank lowered WisdomTree Investments from a buy rating to a hold rating and set a $12.00 price objective on the stock. in a research note on Wednesday, May 16th. ValuEngine raised WisdomTree Investments from a sell rating to a hold rating in a research note on Wednesday, May 2nd. Credit Suisse Group boosted their price objective on WisdomTree Investments from $13.00 to $14.00 and gave the stock an outperform rating in a research note on Monday, April 30th. Citigroup boosted their price objective on WisdomTree Investments from $10.50 to $12.75 and gave the stock a buy rating in a research note on Monday, April 30th. Finally, Keefe, Bruyette & Woods raised WisdomTree Investments from a market perform rating to an outperform rating in a research note on Monday, April 30th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of $11.98.
WisdomTree Investments stock opened at $11.20 on Thursday. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 46.67, a price-to-earnings-growth ratio of 2.00 and a beta of 2.63. WisdomTree Investments has a 52 week low of $8.37 and a 52 week high of $13.41.
WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings data on Friday, April 27th. The asset manager reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. The company had revenue of $59.61 million for the quarter, compared to analyst estimates of $59.32 million. WisdomTree Investments had a return on equity of 18.28% and a net margin of 12.27%. The business’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.05 earnings per share. sell-side analysts expect that WisdomTree Investments will post 0.38 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 23rd. Stockholders of record on Wednesday, May 9th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Tuesday, May 8th. WisdomTree Investments’s dividend payout ratio (DPR) is presently 50.00%.
In other news, Director Michael H. Steinhardt sold 163,093 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $9.89, for a total transaction of $1,612,989.77. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 835,273 shares of company stock worth $8,262,276 in the last ninety days. 16.10% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of WETF. Bank of Montreal Can lifted its stake in shares of WisdomTree Investments by 15.4% during the fourth quarter. Bank of Montreal Can now owns 82,465 shares of the asset manager’s stock valued at $1,035,000 after acquiring an additional 11,028 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of WisdomTree Investments by 19.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 548,883 shares of the asset manager’s stock valued at $6,889,000 after acquiring an additional 91,183 shares during the period. Fisher Asset Management LLC lifted its stake in shares of WisdomTree Investments by 1.9% during the fourth quarter. Fisher Asset Management LLC now owns 1,118,641 shares of the asset manager’s stock valued at $14,039,000 after acquiring an additional 20,656 shares during the period. Robeco Institutional Asset Management B.V. acquired a new position in shares of WisdomTree Investments during the fourth quarter valued at $5,194,000. Finally, HL Financial Services LLC lifted its stake in shares of WisdomTree Investments by 3.7% during the fourth quarter. HL Financial Services LLC now owns 297,422 shares of the asset manager’s stock valued at $3,733,000 after acquiring an additional 10,489 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.
WisdomTree Investments Company Profile
WisdomTree Investments, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.
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