WisdomTree Investments, Inc. to Post FY2021 Earnings of $1.05 Per Share, Gabelli Forecasts (WETF)

WisdomTree Investments, Inc. (NASDAQ:WETF) – Analysts at Gabelli issued their FY2021 earnings estimates for WisdomTree Investments in a report issued on Monday. Gabelli analyst M. Sykes expects that the asset manager will post earnings of $1.05 per share for the year. Gabelli has a “Buy” rating on the stock.

WisdomTree Investments (NASDAQ:WETF) last released its quarterly earnings data on Friday, July 28th. The asset manager reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.02. WisdomTree Investments had a net margin of 13.33% and a return on equity of 15.41%. The company had revenue of $63.40 million during the quarter, compared to analyst estimates of $57.27 million. During the same period in the prior year, the firm earned $0.07 earnings per share. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year.

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Other equities analysts also recently issued reports about the company. Zacks Investment Research raised WisdomTree Investments from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Tuesday, July 4th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $14.00 target price on shares of WisdomTree Investments in a research report on Wednesday, June 28th. BidaskClub raised WisdomTree Investments from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Citigroup Inc. raised WisdomTree Investments from a “neutral” rating to a “buy” rating and set a $10.50 target price for the company in a research report on Monday, May 15th. Finally, Northland Securities reaffirmed a “hold” rating and issued a $10.50 target price on shares of WisdomTree Investments in a research report on Sunday. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $10.11.

WisdomTree Investments (NASDAQ WETF) traded down 3.78% during mid-day trading on Tuesday, reaching $10.17. 937,286 shares of the company were exchanged. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 46.44 and a beta of 3.09. WisdomTree Investments has a 1-year low of $7.87 and a 1-year high of $13.32. The stock’s 50-day moving average price is $10.29 and its 200-day moving average price is $9.47.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Monday, August 7th. WisdomTree Investments’s dividend payout ratio is presently 145.46%.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of WisdomTree Investments by 25,214.1% in the first quarter. BlackRock Inc. now owns 13,399,791 shares of the asset manager’s stock worth $121,669,000 after buying an additional 13,346,857 shares in the last quarter. Clarity Capital KCPS Ltd. bought a new position in shares of WisdomTree Investments during the first quarter worth approximately $530,215,000. TimesSquare Capital Management LLC increased its position in shares of WisdomTree Investments by 67.9% in the first quarter. TimesSquare Capital Management LLC now owns 7,383,500 shares of the asset manager’s stock worth $67,042,000 after buying an additional 2,987,215 shares in the last quarter. Clearbridge Investments LLC increased its position in shares of WisdomTree Investments by 50.0% in the first quarter. Clearbridge Investments LLC now owns 4,805,561 shares of the asset manager’s stock worth $43,634,000 after buying an additional 1,602,505 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of WisdomTree Investments by 15.5% in the first quarter. Vanguard Group Inc. now owns 10,381,851 shares of the asset manager’s stock worth $94,267,000 after buying an additional 1,392,507 shares in the last quarter. 95.28% of the stock is owned by institutional investors and hedge funds.

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.

Earnings History and Estimates for WisdomTree Investments (NASDAQ:WETF)

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