Zacks Investment Research lowered shares of WisdomTree Investments, Inc. (NASDAQ:WETF) from a hold rating to a sell rating in a research note released on Tuesday morning.
According to Zacks, “INDIVIDUAL INVESTOR GROUP INC. is an information services company that publishes and markets Individual Investor magazine and Individual Investor’s Special Situations Report. In addition, the Company, through wholly owned subsidiaries, is the investment manager of private investment funds. “
Several other equities analysts have also commented on the stock. Jefferies Group LLC reaffirmed a buy rating and set a $14.00 price target on shares of WisdomTree Investments in a research report on Thursday, September 7th. Deutsche Bank AG started coverage on shares of WisdomTree Investments in a research report on Tuesday, October 17th. They set a buy rating and a $13.00 price target for the company. Gabelli reaffirmed a buy rating on shares of WisdomTree Investments in a research report on Monday, July 31st. Citigroup Inc. reaffirmed a buy rating and set a $15.00 price target on shares of WisdomTree Investments in a research report on Monday. Finally, Northland Securities reaffirmed a hold rating and set a $10.50 price target on shares of WisdomTree Investments in a research report on Sunday, July 30th. Six research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $11.20.
WisdomTree Investments (NASDAQ:WETF) traded up $0.68 on Tuesday, hitting $12.09. 1,601,069 shares of the company traded hands, compared to its average volume of 1,627,049. The stock has a market cap of $1,622.54, a price-to-earnings ratio of 51.52, a P/E/G ratio of 2.97 and a beta of 3.18.
WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings data on Friday, October 27th. The asset manager reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. The business had revenue of $57.99 million during the quarter, compared to analyst estimates of $57.89 million. WisdomTree Investments had a net margin of 12.98% and a return on equity of 15.47%. The company’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.06 earnings per share. equities research analysts predict that WisdomTree Investments will post 0.25 EPS for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Tuesday, November 7th. WisdomTree Investments’s payout ratio is currently 145.46%.
In other news, Director Bruce I. Lavine sold 19,849 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $9.95, for a total value 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 owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can increased its position in shares of WisdomTree Investments by 0.7% in the second quarter. Bank of Montreal Can now owns 50,078 shares of the asset manager’s stock worth $508,000 after acquiring an additional 356 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of WisdomTree Investments by 3.5% in the second quarter. PNC Financial Services Group Inc. now owns 19,688 shares of the asset manager’s stock valued at $201,000 after purchasing an additional 668 shares during the period. Texas Permanent School Fund boosted its stake in shares of WisdomTree Investments by 0.8% in the second quarter. Texas Permanent School Fund now owns 83,782 shares of the asset manager’s stock valued at $852,000 after purchasing an additional 692 shares during the period. Tudor Investment Corp ET AL boosted its stake in shares of WisdomTree Investments by 5.4% in the second quarter. Tudor Investment Corp ET AL now owns 14,289 shares of the asset manager’s stock valued at $145,000 after purchasing an additional 726 shares during the period. Finally, Amalgamated Bank boosted its stake in shares of WisdomTree Investments by 5.0% in the second quarter. Amalgamated Bank now owns 15,966 shares of the asset manager’s stock valued at $162,000 after purchasing an additional 760 shares during the period. 92.46% of the stock is owned by institutional investors.
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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