WisdomTree Investments, Inc. (NASDAQ:WETF) had its price objective hoisted by Goldman Sachs Group Inc from $7.00 to $8.00 in a research report released on Wednesday morning. Goldman Sachs Group Inc currently has a sell rating on the stock.
Several other equities analysts also recently commented on the company. Credit Suisse Group AG reiterated an outperform rating on shares of WisdomTree Investments in a report on Saturday, December 10th. Jefferies Group LLC set a $12.00 price target on WisdomTree Investments and gave the company a buy rating in a report on Tuesday, November 29th. Bank of America Corp downgraded WisdomTree Investments from a neutral rating to an underperform rating and set a $10.00 price target on the stock. in a report on Friday, December 16th. Zacks Investment Research downgraded WisdomTree Investments from a buy rating to a hold rating in a report on Tuesday, February 7th. Finally, Keefe, Bruyette & Woods reiterated an underweight rating and set a $8.00 price target on shares of WisdomTree Investments in a report on Wednesday, December 28th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $10.63.
Shares of WisdomTree Investments (NASDAQ:WETF) opened at 8.96 on Wednesday. The company has a 50 day moving average of $9.23 and a 200-day moving average of $10.19. WisdomTree Investments has a 12-month low of $8.00 and a 12-month high of $13.32. The firm has a market cap of $1.20 billion, a PE ratio of 47.16 and a beta of 3.25.
WisdomTree Investments (NASDAQ:WETF) last announced its quarterly earnings results on Friday, February 3rd. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by $0.03. WisdomTree Investments had a net margin of 11.92% and a return on equity of 13.61%. The company had revenue of $50.80 million for the quarter, compared to analyst estimates of $50.85 million. During the same quarter last year, the business earned $0.15 EPS. The company’s revenue for the quarter was down 33.6% on a year-over-year basis. Equities research analysts forecast that WisdomTree Investments will post $0.23 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Wednesday, February 15th were paid a $0.08 dividend. The ex-dividend date was Monday, February 13th. This represents a $0.32 annualized dividend and a dividend yield of 3.57%. WisdomTree Investments’s payout ratio is 160.00%.
In related news, CEO Jonathan L. Steinberg acquired 97,971 shares of the stock in a transaction dated Thursday, March 16th. The shares were acquired at an average price of $9.14 per share, for a total transaction of $895,454.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 16.10% of the company’s stock.
Several large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in WisdomTree Investments by 0.5% in the third quarter. JPMorgan Chase & Co. now owns 1,056,715 shares of the company’s stock worth $10,874,000 after buying an additional 5,387 shares in the last quarter. BlackRock Investment Management LLC boosted its stake in WisdomTree Investments by 0.7% in the third quarter. BlackRock Investment Management LLC now owns 726,232 shares of the company’s stock worth $7,473,000 after buying an additional 5,309 shares in the last quarter. BRYN MAWR TRUST Co boosted its stake in WisdomTree Investments by 0.4% in the third quarter. BRYN MAWR TRUST Co now owns 244,879 shares of the company’s stock worth $2,520,000 after buying an additional 1,056 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in WisdomTree Investments during the fourth quarter worth approximately $3,713,000. Finally, Janus Capital Management LLC boosted its stake in WisdomTree Investments by 4.3% in the fourth quarter. Janus Capital Management LLC now owns 4,132,155 shares of the company’s stock worth $46,032,000 after buying an additional 168,606 shares in the last quarter. Institutional investors and hedge funds own 96.38% of the company’s stock.
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 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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