WisdomTree Investments Inc. (NASDAQ:WETF)‘s stock had its “buy” rating reaffirmed by equities researchers at Credit Suisse Group AG in a research note issued to investors on Monday. They presently have a $11.00 price target on the stock. Credit Suisse Group AG’s price target suggests a potential downside of 0.18% from the stock’s previous close.
A number of other research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Saturday, October 1st. Jefferies Group reaffirmed a “buy” rating on shares of WisdomTree Investments in a research note on Friday, August 5th. Finally, Citigroup Inc. reaffirmed a “sell” rating on shares of WisdomTree Investments in a research note on Tuesday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. WisdomTree Investments has an average rating of “Hold” and a consensus price target of $13.28.
WisdomTree Investments (NASDAQ:WETF) traded down 1.87% during mid-day trading on Monday, reaching $11.02. 1,516,861 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $9.52 and its 200-day moving average price is $10.29. WisdomTree Investments has a 52 week low of $8.00 and a 52 week high of $22.33. The company has a market capitalization of $1.48 billion, a P/E ratio of 34.12 and a beta of 3.10.
WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings data on Friday, October 28th. The company reported $0.06 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.06. WisdomTree Investments had a net margin of 18.03% and a return on equity of 20.75%. The company earned $51.80 million during the quarter, compared to the consensus estimate of $51.09 million. During the same quarter in the prior year, the company posted $0.17 EPS. The company’s quarterly revenue was down 35.9% compared to the same quarter last year. On average, equities research analysts expect that WisdomTree Investments will post $0.23 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 23rd. Shareholders of record on Wednesday, November 9th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date was Monday, November 7th. WisdomTree Investments’s payout ratio is 96.97%.
In other WisdomTree Investments news, CEO Jonathan L. Steinberg bought 100,000 shares of the business’s stock in a transaction on Wednesday, September 14th. The shares were bought at an average cost of $10.23 per share, with a total value of $1,023,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 16.10% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in the stock. State Street Corp raised its stake in WisdomTree Investments by 1.7% in the first quarter. State Street Corp now owns 4,014,062 shares of the company’s stock valued at $45,880,000 after buying an additional 67,371 shares in the last quarter. Wellington Management Group LLP raised its stake in WisdomTree Investments by 25.9% in the first quarter. Wellington Management Group LLP now owns 19,218,783 shares of the company’s stock valued at $219,671,000 after buying an additional 3,956,785 shares in the last quarter. BlackRock Inc. raised its stake in WisdomTree Investments by 11.0% in the first quarter. BlackRock Inc. now owns 45,995 shares of the company’s stock valued at $526,000 after buying an additional 4,550 shares in the last quarter. Aberdeen Asset Management PLC UK raised its stake in WisdomTree Investments by 127.4% in the second quarter. Aberdeen Asset Management PLC UK now owns 1,388,325 shares of the company’s stock valued at $13,592,000 after buying an additional 777,671 shares in the last quarter. Finally, Wealthsource Partners LLC purchased a new stake in WisdomTree Investments during the first quarter valued at about $188,000. 95.31% of the stock is currently owned by institutional investors.
WisdomTree Investments Company Profile