Jefferies Group LLC Reaffirms Buy Rating for WisdomTree Investments, Inc. (WETF)
Jefferies Group LLC restated their buy rating on shares of WisdomTree Investments, Inc. (NASDAQ:WETF) in a research note published on Thursday. Jefferies Group LLC currently has a $14.00 price target on the asset manager’s stock.
A number of other analysts have also recently commented on WETF. Citigroup Inc. upgraded WisdomTree Investments from a neutral rating to a buy rating and set a $10.50 price objective for the company in a research report on Monday, May 15th. BidaskClub upgraded WisdomTree Investments from a hold rating to a buy rating in a research report on Saturday, June 17th. Zacks Investment Research upgraded WisdomTree Investments from a hold rating to a buy rating and set a $11.00 price objective for the company in a research report on Tuesday, July 4th. ValuEngine cut WisdomTree Investments from a hold rating to a sell rating in a research report on Thursday, July 20th. Finally, Northland Securities reiterated a hold rating and set a $10.50 price objective on shares of WisdomTree Investments in a research report on Sunday, July 30th. Five analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $10.11.
Shares of WisdomTree Investments (WETF) opened at 8.89 on Thursday. WisdomTree Investments has a one year low of $7.87 and a one year high of $13.32. The company has a 50-day moving average price of $9.52 and a 200 day moving average price of $9.38. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 40.41 and a beta of 3.14.
WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings data on Friday, July 28th. The asset manager reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The company had revenue of $63.40 million during the quarter, compared to analysts’ expectations of $57.27 million. WisdomTree Investments had a return on equity of 15.41% and a net margin of 13.33%. WisdomTree Investments’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.07 earnings per share. Equities research analysts expect that WisdomTree Investments will post $0.24 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date was Monday, August 7th. WisdomTree Investments’s payout ratio is 145.46%.
In other WisdomTree Investments news, Director Bruce I. Lavine sold 19,849 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $9.95, for a total value of $197,497.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 16.10% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Penserra Capital Management LLC purchased a new stake in shares of WisdomTree Investments during the second quarter worth about $107,000. Shelton Capital Management purchased a new stake in shares of WisdomTree Investments during the second quarter worth about $116,000. State of Alaska Department of Revenue purchased a new stake in shares of WisdomTree Investments during the first quarter worth about $115,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of WisdomTree Investments during the second quarter worth about $133,000. Finally, Capstone Asset Management Co. purchased a new stake in shares of WisdomTree Investments during the first quarter worth about $120,000. Hedge funds and other institutional investors own 92.71% of the company’s stock.
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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