Citigroup Inc. restated their buy rating on shares of WisdomTree Investments, Inc. (NASDAQ:WETF) in a research note released on Monday. They currently have a $15.00 price target on the asset manager’s stock.
Other research analysts also recently issued research reports about the company. Jefferies Group LLC reaffirmed a buy rating and set a $14.00 price target on shares of WisdomTree Investments in a research note on Thursday, September 7th. Zacks Investment Research raised WisdomTree Investments from a hold rating to a buy rating and set a $11.00 price target for the company in a research note on Tuesday, July 4th. Gabelli reaffirmed a buy rating on shares of WisdomTree Investments in a research note on Monday, July 31st. Deutsche Bank AG started coverage on WisdomTree Investments in a research note on Tuesday, October 17th. They set a buy rating and a $13.00 price target for the company. Finally, Northland Securities reaffirmed a hold rating and set a $10.50 price target on shares of WisdomTree Investments in a research note on Sunday, July 30th. Six equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $11.20.
WisdomTree Investments (NASDAQ:WETF) last released its quarterly earnings results on Friday, October 27th. The asset manager reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. The business had revenue of $57.99 million during the quarter, compared to the consensus estimate of $57.89 million. WisdomTree Investments had a return on equity of 15.47% and a net margin of 12.98%. The business’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.06 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Tuesday, November 7th. WisdomTree Investments’s dividend payout ratio is presently 145.46%.
In related news, Director Bruce I. Lavine sold 19,849 shares of WisdomTree Investments stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $9.95, for a total transaction of $197,497.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 16.10% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Advisor Group Inc. increased its position in WisdomTree Investments by 12.4% during the 2nd quarter. Advisor Group Inc. now owns 15,383 shares of the asset manager’s stock worth $157,000 after purchasing an additional 1,700 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in WisdomTree Investments during the 2nd quarter worth about $252,000. TIAA CREF Investment Management LLC increased its position in WisdomTree Investments by 0.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 310,856 shares of the asset manager’s stock worth $3,161,000 after purchasing an additional 1,011 shares in the last quarter. Aberdeen Asset Management PLC UK increased its position in WisdomTree Investments by 8.1% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 2,962,738 shares of the asset manager’s stock worth $30,131,000 after purchasing an additional 222,963 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in WisdomTree Investments by 13.7% during the 2nd quarter. New York State Common Retirement Fund now owns 228,614 shares of the asset manager’s stock worth $2,325,000 after purchasing an additional 27,608 shares in the last quarter. Hedge funds and other institutional investors own 92.46% 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 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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