Citigroup Trims WisdomTree Investments (WETF) Target Price to $13.50

WisdomTree Investments (NASDAQ:WETF) had its price objective decreased by Citigroup from $15.00 to $13.50 in a research note issued to investors on Tuesday morning. Citigroup currently has a buy rating on the asset manager’s stock.

A number of other brokerages have also recently weighed in on WETF. Northland Securities reaffirmed a hold rating and set a $12.00 price target on shares of WisdomTree Investments in a research report on Sunday, October 29th. BidaskClub raised shares of WisdomTree Investments from a buy rating to a strong-buy rating in a research report on Wednesday, December 6th. Keefe, Bruyette & Woods raised shares of WisdomTree Investments from an underperform rating to a mkt perform rating in a research report on Tuesday, November 14th. Zacks Investment Research cut shares of WisdomTree Investments from a buy rating to a hold rating in a research report on Saturday, January 13th. Finally, UBS Group lifted their price target on shares of WisdomTree Investments from $8.00 to $8.50 and gave the company a sell rating in a research report on Tuesday, November 14th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $11.72.

Shares of WisdomTree Investments (NASDAQ:WETF) opened at $10.05 on Tuesday. WisdomTree Investments has a 12-month low of $7.87 and a 12-month high of $13.41. The stock has a market cap of $1,380.00, a P/E ratio of 50.25, a P/E/G ratio of 1.60 and a beta of 2.68.

WisdomTree Investments (NASDAQ:WETF) last released its earnings results on Friday, February 2nd. The asset manager reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.03). WisdomTree Investments had a return on equity of 16.00% and a net margin of 11.46%. The company had revenue of $61.39 million during the quarter, compared to analyst estimates of $60.89 million. During the same period in the prior year, the business posted $0.03 earnings per share. WisdomTree Investments’s revenue was up 20.8% on a year-over-year basis. research analysts anticipate that WisdomTree Investments will post 0.43 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.19%. WisdomTree Investments’s dividend payout ratio is currently 160.00%.

In other news, Director Frank Salerno sold 50,000 shares of WisdomTree Investments stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $11.71, for a total transaction of $585,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Kurt Macalpine acquired 19,710 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were purchased at an average price of $10.38 per share, for a total transaction of $204,589.80. The disclosure for this purchase can be found here. Company insiders own 16.10% of the company’s stock.

Several large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. increased 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 worth $201,000 after buying an additional 668 shares during the last quarter. Tudor Investment Corp ET AL increased 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 worth $145,000 after buying an additional 726 shares during the last quarter. Amalgamated Bank increased 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 worth $162,000 after buying an additional 760 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of WisdomTree Investments by 0.3% in the second quarter. TIAA CREF Investment Management LLC now owns 310,856 shares of the asset manager’s stock worth $3,161,000 after buying an additional 1,011 shares during the last quarter. Finally, Advisor Group Inc. increased its stake in shares of WisdomTree Investments by 12.4% in the second quarter. Advisor Group Inc. now owns 15,383 shares of the asset manager’s stock worth $157,000 after buying an additional 1,700 shares during the last quarter. Institutional investors and hedge funds own 89.75% of the company’s stock.

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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.

Analyst Recommendations for WisdomTree Investments (NASDAQ:WETF)

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