Jefferies Group LLC reiterated their buy rating on shares of WisdomTree Investments, Inc. (NASDAQ:WETF) in a report released on Thursday, September 7th. Jefferies Group LLC currently has a $14.00 target price on the asset manager’s stock.
WETF has been the topic of a number of other reports. Zacks Investment Research cut shares of WisdomTree Investments from a buy rating to a hold rating in a research note on Wednesday, July 26th. BidaskClub cut shares of WisdomTree Investments from a sell rating to a strong sell rating in a research note on Saturday, August 19th. ValuEngine cut shares of WisdomTree Investments from a hold rating to a sell rating in a research note on Thursday, July 20th. Citigroup Inc. upgraded shares of WisdomTree Investments from a neutral rating to a buy rating and set a $10.50 price target on the stock in a research report on Monday, May 15th. Finally, Keefe, Bruyette & Woods reiterated an underperform rating on shares of WisdomTree Investments in a research report on Thursday, August 10th. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $10.11.
Shares of WisdomTree Investments (WETF) opened at 9.08 on Thursday. The firm has a market capitalization of $1.22 billion, a P/E ratio of 41.27 and a beta of 3.14. WisdomTree Investments has a 52 week low of $7.87 and a 52 week high of $13.32. The firm has a 50-day moving average of $9.32 and a 200 day moving average of $9.38.
WisdomTree Investments (NASDAQ:WETF) last announced its quarterly earnings results on Friday, July 28th. The asset manager reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. WisdomTree Investments had a net margin of 13.33% and a return on equity of 15.41%. The company had revenue of $63.40 million during the quarter, compared to the consensus estimate of $57.27 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. On average, equities research analysts expect that WisdomTree Investments will post $0.24 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, August 7th. This represents a $0.32 annualized dividend and a yield of 3.52%. WisdomTree Investments’s dividend payout ratio (DPR) is presently 145.46%.
In other WisdomTree Investments news, Director Bruce I. Lavine sold 10,289 shares of WisdomTree Investments stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $10.10, for a total transaction of $103,918.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 16.60% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can grew its stake in shares of WisdomTree Investments by 0.7% in the 2nd quarter. Bank of Montreal Can now owns 50,078 shares of the asset manager’s stock valued at $508,000 after buying an additional 356 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of WisdomTree Investments by 1.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 39,845 shares of the asset manager’s stock valued at $362,000 after buying an additional 600 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of WisdomTree Investments by 3.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 19,688 shares of the asset manager’s stock valued at $201,000 after buying an additional 668 shares in the last quarter. Texas Permanent School Fund grew its stake in shares of WisdomTree Investments by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 83,782 shares of the asset manager’s stock valued at $852,000 after buying an additional 692 shares in the last quarter. Finally, Tudor Investment Corp ET AL grew its stake in shares of WisdomTree Investments by 5.4% in the 2nd quarter. Tudor Investment Corp ET AL now owns 14,289 shares of the asset manager’s stock valued at $145,000 after buying an additional 726 shares in the last quarter. 92.49% of the stock is owned by institutional investors and hedge funds.
WisdomTree Investments Company Profile
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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