Analysts Set WisdomTree Investments Inc. (WETF) Price Target at $13.25
WisdomTree Investments Inc. (NASDAQ:WETF) has earned an average recommendation of “Hold” from the fourteen analysts that are currently covering the stock. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $13.25.
A number of equities analysts recently commented on WETF shares. Credit Suisse Group AG restated a “buy” rating on shares of WisdomTree Investments in a report on Monday, August 1st. Zacks Investment Research upgraded WisdomTree Investments from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. Jefferies Group restated a “buy” rating on shares of WisdomTree Investments in a report on Friday, August 5th. Finally, Citigroup Inc. restated a “sell” rating on shares of WisdomTree Investments in a report on Tuesday, October 18th.
Shares of WisdomTree Investments (NASDAQ:WETF) opened at 11.23 on Tuesday. The stock’s 50 day moving average price is $9.52 and its 200-day moving average price is $10.28. 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 $1.50 billion, a price-to-earnings ratio of 34.77 and a beta of 3.10.
WisdomTree Investments (NASDAQ:WETF) last announced its earnings results on Friday, October 28th. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. WisdomTree Investments had a return on equity of 20.75% and a net margin of 18.03%. The company earned $51.80 million during the quarter, compared to analysts’ expectations of $51.09 million. During the same period last year, the business posted $0.17 EPS. WisdomTree Investments’s revenue for the quarter was down 35.9% on a year-over-year basis. Equities analysts anticipate that WisdomTree Investments will post $0.23 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 23rd. Shareholders of record on Wednesday, November 9th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.85%. The ex-dividend date was Monday, November 7th. WisdomTree Investments’s dividend payout ratio (DPR) is 96.97%.
In other news, CEO Jonathan L. Steinberg purchased 100,000 shares of the business’s stock in a transaction on Wednesday, September 14th. The shares were 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 can be accessed through the SEC website. Company insiders own 16.10% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jackson Square Partners LLC raised its position in WisdomTree Investments by 141.3% in the second quarter. Jackson Square Partners LLC now owns 4,975,229 shares of the company’s stock valued at $48,707,000 after buying an additional 2,913,362 shares during the period. Capital World Investors raised its position in WisdomTree Investments by 109.9% in the second quarter. Capital World Investors now owns 3,400,000 shares of the company’s stock valued at $33,286,000 after buying an additional 1,780,000 shares during the period. Price T Rowe Associates Inc. MD raised its position in 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 period. Macquarie Group Ltd. raised its position in WisdomTree Investments by 98.8% in the second quarter. Macquarie Group Ltd. now owns 3,074,614 shares of the company’s stock valued at $30,100,000 after buying an additional 1,528,032 shares during the period. Finally, American Century Companies Inc. raised its position in WisdomTree Investments by 627.7% in the second quarter. American Century Companies Inc. now owns 1,175,525 shares of the company’s stock valued at $11,508,000 after buying an additional 1,013,980 shares during the period. 95.31% of the stock is currently owned by institutional investors.
About WisdomTree Investments
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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