WisdomTree Investments Inc. (WETF) Given a $12.00 Price Target by Jefferies Group Analysts
A number of other research analysts have also recently commented on WETF. Credit Suisse Group AG set a $14.00 target price on WisdomTree Investments and gave the company a buy rating in a research note on Saturday, September 17th. Zacks Investment Research raised WisdomTree Investments from a sell rating to a hold rating in a research report on Wednesday, August 3rd. Finally, Citigroup Inc. reaffirmed a sell rating and set a $6.50 price objective on shares of WisdomTree Investments in a research report on Monday, October 31st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. WisdomTree Investments presently has a consensus rating of Hold and an average price target of $13.17.
WisdomTree Investments (NASDAQ:WETF) opened at 10.83 on Tuesday. WisdomTree Investments has a 52-week low of $8.00 and a 52-week high of $22.33. The stock has a market cap of $1.45 billion, a PE ratio of 33.53 and a beta of 3.10. The firm has a 50-day moving average price of $9.53 and a 200 day moving average price of $10.28.
WisdomTree Investments (NASDAQ:WETF) last released its earnings results on Friday, October 28th. The company reported $0.06 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.06. The company earned $51.80 million during the quarter, compared to analysts’ expectations of $51.09 million. WisdomTree Investments had a return on equity of 20.75% and a net margin of 18.03%. The firm’s revenue for the quarter was down 35.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.17 EPS. On average, analysts forecast that WisdomTree Investments will post $0.23 earnings per share for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 23rd. Investors of record on Wednesday, November 9th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend was Monday, November 7th. WisdomTree Investments’s payout ratio is currently 96.97%.
In other news, CEO Jonathan L. Steinberg acquired 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 14th. The stock was bought at an average price of $10.23 per share, with a total value of $1,023,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 16.10% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in shares of WisdomTree Investments by 417.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 2,044,050 shares of the company’s stock valued at $21,033,000 after buying an additional 1,649,350 shares during the last quarter. Credit Suisse AG raised its stake in shares of WisdomTree Investments by 23.5% in the third quarter. Credit Suisse AG now owns 210,668 shares of the company’s stock valued at $2,167,000 after buying an additional 40,081 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of WisdomTree Investments by 71.0% in the third quarter. Ameritas Investment Partners Inc. now owns 44,484 shares of the company’s stock valued at $458,000 after buying an additional 18,468 shares during the last quarter. First Dallas Securities Inc. purchased a new stake in shares of WisdomTree Investments during the third quarter valued at approximately $272,000. Finally, Cetera Advisor Networks LLC raised its stake in shares of WisdomTree Investments by 9.3% in the third quarter. Cetera Advisor Networks LLC now owns 56,297 shares of the company’s stock valued at $579,000 after buying an additional 4,788 shares during the last quarter. 95.68% of the stock is owned by institutional investors.
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 fundamentally weighted funds that track its own indexes, funds that track third party indexes and actively managed funds. The Company operates through exchange traded products (ETP) sponsor and asset manager providing investment advisory services segment.
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