Deutsche Bank AG initiated coverage on shares of WisdomTree Investments, Inc. (NASDAQ:WETF) in a research note issued to investors on Tuesday, October 17th. The firm issued a buy rating and a $13.00 price target on the asset manager’s stock.
Other research analysts also recently issued reports about the stock. Jefferies Group LLC reiterated a buy rating and issued a $14.00 price target on shares of WisdomTree Investments in a research report on Thursday, September 7th. Gabelli reaffirmed a buy rating on shares of WisdomTree Investments in a research report on Monday, July 31st. Zacks Investment Research raised shares of WisdomTree Investments from a hold rating to a buy rating and set a $11.00 price objective on the stock in a research report on Tuesday, July 4th. Northland Securities reissued a hold rating and set a $10.50 target price on shares of WisdomTree Investments in a research report on Sunday, July 30th. Finally, ValuEngine raised shares of WisdomTree Investments from a sell rating to a hold rating in a research report on Tuesday, August 1st. Six equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $11.20.
Shares of WisdomTree Investments (NASDAQ WETF) traded up $0.17 during trading hours on Tuesday, hitting $12.26. 648,674 shares of the stock traded hands, compared to its average volume of 1,669,666. The stock has a market capitalization of $1,655.40, a P/E ratio of 52.56, a P/E/G ratio of 3.03 and a beta of 3.18.
WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings results on Friday, October 27th. The asset manager reported $0.06 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.06. WisdomTree Investments had a net margin of 12.98% and a return on equity of 15.47%. The firm had revenue of $57.99 million for the quarter, compared to analysts’ expectations of $57.89 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. equities research analysts expect that WisdomTree Investments will post 0.25 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $0.32 dividend on an annualized basis and a yield of 2.61%. WisdomTree Investments’s payout ratio is currently 145.46%.
In other WisdomTree Investments news, Director Bruce I. Lavine sold 19,849 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $9.95, for a total transaction of $197,497.55. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 16.60% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA grew its position in WisdomTree Investments by 87.2% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 71,190 shares of the asset manager’s stock valued at $725,000 after buying an additional 33,156 shares during the last quarter. Cambridge Trust Co. grew its position in WisdomTree Investments by 26.3% in the 3rd quarter. Cambridge Trust Co. now owns 44,939 shares of the asset manager’s stock valued at $457,000 after buying an additional 9,361 shares during the last quarter. Everence Capital Management Inc. purchased a new position in WisdomTree Investments in the 3rd quarter valued at $103,000. Victory Capital Management Inc. boosted its position in shares of WisdomTree Investments by 58.4% during the 3rd quarter. Victory Capital Management Inc. now owns 57,207 shares of the asset manager’s stock worth $582,000 after purchasing an additional 21,099 shares in the last quarter. Finally, Traynor Capital Management Inc. purchased a new stake in shares of WisdomTree Investments during the 3rd quarter worth $111,000. Hedge funds and other institutional investors own 92.49% of the company’s stock.
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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