Shares of WisdomTree Investments, Inc. (NASDAQ:WETF) have earned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $5.76.
WETF has been the topic of several research reports. Morgan Stanley raised their target price on shares of WisdomTree Investments from $6.75 to $7.25 and gave the stock an “equal weight” rating in a report on Monday. Deutsche Bank Aktiengesellschaft raised their target price on shares of WisdomTree Investments from $5.00 to $6.00 and gave the stock a “hold” rating in a report on Monday, February 1st. They noted that the move was a valuation call. Zacks Investment Research cut shares of WisdomTree Investments from a “buy” rating to a “hold” rating in a research note on Thursday, April 8th. Northcoast Research reiterated a “neutral” rating on shares of WisdomTree Investments in a research note on Tuesday, March 23rd. Finally, Credit Suisse Group lifted their price target on shares of WisdomTree Investments from $6.60 to $7.40 and gave the stock an “outperform” rating in a research note on Monday, February 1st.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Whittier Trust Co. lifted its stake in shares of WisdomTree Investments by 86.0% during the 1st quarter. Whittier Trust Co. now owns 9,664 shares of the asset manager’s stock valued at $60,000 after buying an additional 4,468 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of WisdomTree Investments during the 4th quarter valued at $61,000. Vantage Consulting Group Inc purchased a new position in shares of WisdomTree Investments during the 4th quarter valued at $61,000. Profund Advisors LLC purchased a new position in shares of WisdomTree Investments during the 4th quarter valued at $66,000. Finally, Virtu Financial LLC purchased a new position in shares of WisdomTree Investments during the 3rd quarter valued at $43,000. Institutional investors own 71.02% of the company’s stock.
WisdomTree Investments (NASDAQ:WETF) last issued its earnings results on Friday, April 30th. The asset manager reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.01. WisdomTree Investments had a negative net margin of 5.21% and a positive return on equity of 12.32%. The company had revenue of $72.80 million for the quarter, compared to analysts’ expectations of $70.40 million. During the same quarter last year, the company posted $0.07 earnings per share. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. Research analysts forecast that WisdomTree Investments will post 0.22 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 26th. Investors of record on Wednesday, May 12th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Tuesday, May 11th. WisdomTree Investments’s dividend payout ratio (DPR) is 54.55%.
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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