Deutsche Bank set a $13.00 price objective on WisdomTree Investments (NASDAQ:WETF) in a research report report published on Tuesday morning. The brokerage currently has a buy rating on the asset manager’s stock.
Other equities research analysts have also issued reports about the company. Zacks Investment Research upgraded WisdomTree Investments from a hold rating to a buy rating and set a $14.00 price target for the company in a research report on Saturday, January 6th. Jefferies Group restated a buy rating and issued a $15.00 price target on shares of WisdomTree Investments in a research report on Thursday, January 11th. BidaskClub upgraded WisdomTree Investments from a buy rating to a strong-buy rating in a research report on Friday, December 22nd. Keefe, Bruyette & Woods upgraded WisdomTree Investments from an underperform rating to a mkt perform rating in a research report on Tuesday, November 14th. Finally, Morgan Stanley dropped their price target on WisdomTree Investments from $14.00 to $13.00 and set an equal weight rating for the company in a research report on Tuesday, February 13th. Four analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. WisdomTree Investments currently has an average rating of Hold and a consensus target price of $11.85.
WisdomTree Investments (NASDAQ:WETF) opened at $9.94 on Tuesday. WisdomTree Investments has a fifty-two week low of $7.87 and a fifty-two week high of $13.41. The company has a market capitalization of $1,334.62, a P/E ratio of 49.70, a price-to-earnings-growth ratio of 1.53 and a beta of 2.74.
WisdomTree Investments (NASDAQ:WETF) last announced its earnings results on Friday, February 2nd. The asset manager reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). WisdomTree Investments had a net margin of 11.46% and a return on equity of 16.16%. The firm had revenue of $61.39 million for the quarter, compared to analyst estimates of $60.89 million. During the same period in the previous year, the company earned $0.03 EPS. WisdomTree Investments’s revenue was up 20.8% compared to the same quarter last year. research analysts anticipate that WisdomTree Investments will post 0.42 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were given a $0.03 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.21%. WisdomTree Investments’s dividend payout ratio (DPR) is presently 60.00%.
In related news, CEO Jonathan L. Steinberg sold 81,663 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $10.15, for a total value of $828,879.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank Salerno sold 50,000 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $11.71, for a total value of $585,500.00. The disclosure for this sale can be found here. Insiders sold 361,001 shares of company stock valued at $3,690,858 over the last quarter. 16.60% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of WETF. 3D Asset Management Inc. purchased a new position in WisdomTree Investments in the third quarter worth approximately $112,000. Jane Street Group LLC purchased a new position in WisdomTree Investments in the third quarter worth approximately $129,000. Virtu Financial LLC purchased a new position in WisdomTree Investments in the fourth quarter worth approximately $148,000. Valeo Financial Advisors LLC purchased a new position in WisdomTree Investments in the third quarter worth approximately $153,000. Finally, Xact Kapitalforvaltning AB purchased a new position in WisdomTree Investments in the fourth quarter worth approximately $182,000. Institutional investors own 86.91% of the company’s stock.
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.