WisdomTree Investments, Inc. (NASDAQ:WETF) Expected to Post FY2021 Earnings of $1.05 Per Share
WisdomTree Investments, Inc. (NASDAQ:WETF) – Analysts at Gabelli issued their FY2021 earnings per share (EPS) estimates for shares of WisdomTree Investments in a report issued on Monday. Gabelli analyst M. Sykes anticipates that the asset manager will earn $1.05 per share for the year. Gabelli currently has a “Buy” rating on the stock.
A number of other analysts have also commented on the company. ValuEngine upgraded WisdomTree Investments from a “sell” rating to a “hold” rating in a report on Tuesday. BidaskClub lowered WisdomTree Investments from a “buy” rating to a “hold” rating in a report on Monday. UBS AG reiterated a “sell” rating and set a $8.00 price target (up from $7.50) on shares of WisdomTree Investments in a report on Monday. Northland Securities reiterated a “hold” rating and set a $10.50 price target on shares of WisdomTree Investments in a report on Sunday. Finally, Zacks Investment Research lowered WisdomTree Investments from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $10.11.
WisdomTree Investments (NASDAQ WETF) traded down 1.77% during midday trading on Tuesday, reaching $9.99. The company had a trading volume of 1,497,115 shares. The stock’s 50 day moving average is $10.29 and its 200 day moving average is $9.47. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 45.62 and a beta of 3.09. WisdomTree Investments has a 12-month low of $7.87 and a 12-month high of $13.32.
WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings results on Friday, July 28th. The asset manager reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. WisdomTree Investments had a return on equity of 15.41% and a net margin of 13.33%. The business had revenue of $63.40 million for the quarter, compared to analysts’ expectations of $57.27 million. During the same quarter in the prior year, the business earned $0.07 EPS. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis.
Institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue bought a new position in shares of WisdomTree Investments during the first quarter valued at $115,000. Capstone Asset Management Co. bought a new position in shares of WisdomTree Investments during the first quarter valued at $120,000. Tudor Investment Corp ET AL bought a new position in shares of WisdomTree Investments during the first quarter valued at $123,000. Quantitative Systematic Strategies LLC bought a new position in shares of WisdomTree Investments during the second quarter valued at $133,000. Finally, Aperio Group LLC boosted its position in shares of WisdomTree Investments by 31.7% in the second quarter. Aperio Group LLC now owns 13,353 shares of the asset manager’s stock valued at $136,000 after buying an additional 3,212 shares during the period. Institutional investors own 95.28% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Monday, August 7th. WisdomTree Investments’s dividend payout ratio (DPR) is presently 145.46%.
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 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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