Gabelli reaffirmed their buy rating on shares of WisdomTree Investments, Inc. (NASDAQ:WETF) in a research report released on Monday, July 31st. Gabelli also issued estimates for WisdomTree Investments’ FY2017 earnings at $0.25 EPS, FY2018 earnings at $0.40 EPS, FY2019 earnings at $0.55 EPS, FY2020 earnings at $0.75 EPS and FY2021 earnings at $1.05 EPS.
Several other research firms also recently weighed in on WETF. ValuEngine upgraded shares of WisdomTree Investments from a sell rating to a hold rating in a report on Tuesday, August 1st. Citigroup Inc. upgraded shares of WisdomTree Investments from a neutral rating to a buy rating and set a $10.50 price objective on the stock in a report on Monday, May 15th. Keefe, Bruyette & Woods restated a sell rating and set a $8.00 price objective on shares of WisdomTree Investments in a report on Monday, April 10th. Zacks Investment Research lowered shares of WisdomTree Investments from a buy rating to a hold rating in a research note on Wednesday, July 26th. Finally, BidaskClub upgraded shares of WisdomTree Investments from a hold rating to a buy rating in a research note on Saturday, June 17th. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $10.11.
WisdomTree Investments (NASDAQ WETF) opened at 8.91 on Monday. WisdomTree Investments has a 52-week low of $7.87 and a 52-week high of $13.32. The company has a 50-day moving average of $10.10 and a 200-day moving average of $9.39. The company has a market cap of $1.20 billion, a P/E ratio of 40.50 and a beta of 3.09.
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 Thomson Reuters’ 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 firm had revenue of $63.40 million for the quarter, compared to the consensus estimate of $57.27 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The business’s revenue was up 13.2% on a year-over-year basis. On average, equities research analysts expect that WisdomTree Investments will post $0.24 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, August 7th. This represents a $0.32 annualized dividend and a yield of 3.59%. WisdomTree Investments’s payout ratio is currently 145.46%.
In related news, Director Bruce I. Lavine sold 19,849 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $9.95, for a total transaction of $197,497.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 16.10% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in WETF. Dynamic Technology Lab Private Ltd acquired a new stake in WisdomTree Investments during the second quarter valued at approximately $174,000. Piedmont Investment Advisors LLC acquired a new stake in WisdomTree Investments during the second quarter valued at approximately $252,000. Cubist Systematic Strategies LLC acquired a new stake in WisdomTree Investments during the second quarter valued at approximately $322,000. BlueCrest Capital Management Ltd acquired a new stake in WisdomTree Investments during the second quarter valued at approximately $359,000. Finally, State Street Corp increased its stake in WisdomTree Investments by 3.8% in the second quarter. State Street Corp now owns 3,002,162 shares of the asset manager’s stock valued at $30,531,000 after buying an additional 110,032 shares during the period. 95.28% of the stock is currently owned by institutional investors and hedge funds.
WisdomTree Investments Company Profile
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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