Wisdom Tree Investments Inc (NASDAQ:WETF) – Equities research analysts at Jefferies Financial Group dropped their FY2018 EPS estimates for shares of Wisdom Tree Investments in a report issued on Monday, December 3rd. Jefferies Financial Group analyst D. Fannon now forecasts that the asset manager will post earnings of $0.33 per share for the year, down from their prior forecast of $0.34. Jefferies Financial Group also issued estimates for Wisdom Tree Investments’ FY2019 earnings at $0.32 EPS.
Wisdom Tree Investments (NASDAQ:WETF) last released its earnings results on Friday, October 26th. The asset manager reported $0.09 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.09. The firm had revenue of $72.57 million during the quarter, compared to analyst estimates of $72.32 million. Wisdom Tree Investments had a return on equity of 16.22% and a net margin of 18.05%. The business’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 earnings per share.
Other equities analysts have also issued reports about the company. Morgan Stanley dropped their target price on Wisdom Tree Investments from $10.00 to $9.50 and set an “equal weight” rating for the company in a research note on Tuesday, October 9th. Zacks Investment Research upgraded Wisdom Tree Investments from a “sell” rating to a “hold” rating in a research note on Saturday, October 13th. Credit Suisse Group dropped their target price on Wisdom Tree Investments from $12.00 to $10.00 and set an “outperform” rating for the company in a research note on Monday, October 29th. ValuEngine upgraded Wisdom Tree Investments from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 3rd. Finally, Citigroup dropped their target price on Wisdom Tree Investments from $7.00 to $6.00 and set a “sell” rating for the company in a research note on Thursday, September 20th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $10.69.
Wisdom Tree Investments stock opened at $6.53 on Wednesday. The firm has a market capitalization of $1.03 billion, a P/E ratio of 27.21, a price-to-earnings-growth ratio of 0.76 and a beta of 2.18. Wisdom Tree Investments has a 52 week low of $6.36 and a 52 week high of $13.41. The company has a quick ratio of 1.77, a current ratio of 1.84 and a debt-to-equity ratio of 0.52.
A number of large investors have recently made changes to their positions in the business. BlackRock Inc. increased its stake in Wisdom Tree Investments by 11.0% during the third quarter. BlackRock Inc. now owns 16,854,632 shares of the asset manager’s stock worth $142,927,000 after acquiring an additional 1,669,071 shares during the last quarter. Vanguard Group Inc. increased its stake in Wisdom Tree Investments by 2.3% during the third quarter. Vanguard Group Inc. now owns 12,556,450 shares of the asset manager’s stock worth $106,479,000 after acquiring an additional 277,925 shares during the last quarter. Clearbridge Investments LLC increased its stake in Wisdom Tree Investments by 4.6% during the third quarter. Clearbridge Investments LLC now owns 6,090,103 shares of the asset manager’s stock worth $51,644,000 after acquiring an additional 268,811 shares during the last quarter. Janus Henderson Group PLC increased its stake in Wisdom Tree Investments by 30.1% during the second quarter. Janus Henderson Group PLC now owns 5,843,638 shares of the asset manager’s stock worth $53,060,000 after acquiring an additional 1,352,345 shares during the last quarter. Finally, Standard Life Aberdeen plc increased its stake in Wisdom Tree Investments by 6.4% during the third quarter. Standard Life Aberdeen plc now owns 4,545,279 shares of the asset manager’s stock worth $38,567,000 after acquiring an additional 272,344 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Wednesday, November 7th were paid a dividend of $0.03 per share. The ex-dividend date was Tuesday, November 6th. This represents a $0.12 annualized dividend and a yield of 1.84%. Wisdom Tree Investments’s dividend payout ratio is presently 50.00%.
About Wisdom Tree Investments
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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