Wisdom Tree Investments Inc (NASDAQ:WETF) has earned a consensus recommendation of “Hold” from the nine research firms that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $8.00.

A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of Wisdom Tree Investments from a “hold” rating to a “buy” rating and set a $8.50 target price on the stock in a research report on Saturday, April 13th. BidaskClub cut shares of Wisdom Tree Investments from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 15th. ValuEngine cut shares of Wisdom Tree Investments from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. Finally, Northland Securities reissued a “hold” rating and set a $9.00 target price on shares of Wisdom Tree Investments in a research report on Friday, April 12th.

WETF opened at $6.19 on Tuesday. Wisdom Tree Investments has a 52-week low of $5.73 and a 52-week high of $11.28. The company has a quick ratio of 1.80, a current ratio of 1.90 and a debt-to-equity ratio of 0.59. The company has a market cap of $958.23 million, a price-to-earnings ratio of 21.31, a price-to-earnings-growth ratio of 2.57 and a beta of 1.71.

Wisdom Tree Investments (NASDAQ:WETF) last posted its earnings results on Friday, April 26th. The asset manager reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Wisdom Tree Investments had a return on equity of 12.97% and a net margin of 12.84%. The firm had revenue of $65.50 million for the quarter, compared to analyst estimates of $66.82 million. During the same period in the previous year, the firm posted $0.08 earnings per share. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, research analysts predict that Wisdom Tree Investments will post 0.23 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.94%. Wisdom Tree Investments’s payout ratio is currently 37.50%.

In other news, CEO Jonathan L. Steinberg bought 75,000 shares of Wisdom Tree Investments stock in a transaction dated Monday, May 13th. The shares were acquired at an average cost of $6.57 per share, with a total value of $492,750.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 14.50% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Wisdom Tree Investments by 62.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,320 shares of the asset manager’s stock valued at $69,000 after acquiring an additional 3,956 shares in the last quarter. Magnus Financial Group LLC acquired a new stake in Wisdom Tree Investments in the first quarter valued at $82,000. GSA Capital Partners LLP acquired a new stake in Wisdom Tree Investments in the fourth quarter valued at $84,000. Hsbc Holdings PLC raised its holdings in Wisdom Tree Investments by 41.2% in the fourth quarter. Hsbc Holdings PLC now owns 15,837 shares of the asset manager’s stock valued at $106,000 after acquiring an additional 4,621 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in Wisdom Tree Investments by 36.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 17,314 shares of the asset manager’s stock valued at $122,000 after acquiring an additional 4,659 shares in the last quarter. 73.99% of the stock is currently owned by hedge funds and other institutional investors.

Wisdom Tree Investments Company Profile

WisdomTree Investments, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.

Read More: Index Funds

Analyst Recommendations for Wisdom Tree Investments (NASDAQ:WETF)

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