WisdomTree Investments, Inc. to Post Q1 2019 Earnings of $0.09 Per Share, William Blair Forecasts (WETF)
WisdomTree Investments, Inc. (NASDAQ:WETF) – Stock analysts at William Blair issued their Q1 2019 EPS estimates for WisdomTree Investments in a report released on Saturday. William Blair analyst C. Shutler anticipates that the asset manager will earn $0.09 per share for the quarter. William Blair also issued estimates for WisdomTree Investments’ Q2 2019 earnings at $0.10 EPS, Q3 2019 earnings at $0.10 EPS and Q4 2019 earnings at $0.11 EPS.
WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings results on Friday, February 2nd. The asset manager reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.03). The firm had revenue of $61.39 million during the quarter, compared to the consensus estimate of $60.89 million. WisdomTree Investments had a return on equity of 16.00% and a net margin of 11.46%. The business’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.03 earnings per share.
WisdomTree Investments (NASDAQ:WETF) traded down $0.29 on Tuesday, hitting $10.04. 1,502,523 shares of the company’s stock were exchanged, compared to its average volume of 1,577,994. The company has a market capitalization of $1,386.40, a price-to-earnings ratio of 50.81, a P/E/G ratio of 1.57 and a beta of 2.69. WisdomTree Investments has a fifty-two week low of $7.87 and a fifty-two week high of $13.41.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th will be given 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 1.20%. WisdomTree Investments’s dividend payout ratio is 160.00%.
In related news, Director Frank Salerno sold 50,000 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $11.71, for a total transaction of $585,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Kurt Macalpine bought 19,710 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were bought at an average price of $10.38 per share, with a total value of $204,589.80. The disclosure for this purchase can be found here. 16.10% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. raised its stake in WisdomTree Investments by 5.4% during the fourth quarter. Sei Investments Co. now owns 1,253,847 shares of the asset manager’s stock valued at $15,736,000 after purchasing an additional 63,715 shares in the last quarter. AGF Investments Inc. raised its stake in WisdomTree Investments by 10.6% during the fourth quarter. AGF Investments Inc. now owns 732,807 shares of the asset manager’s stock valued at $9,197,000 after purchasing an additional 70,000 shares in the last quarter. Swiss National Bank raised its stake in WisdomTree Investments by 3.7% during the fourth quarter. Swiss National Bank now owns 198,200 shares of the asset manager’s stock valued at $2,487,000 after purchasing an additional 7,100 shares in the last quarter. California Public Employees Retirement System raised its stake in WisdomTree Investments by 9.5% during the fourth quarter. California Public Employees Retirement System now owns 57,486 shares of the asset manager’s stock valued at $721,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in WisdomTree Investments during the fourth quarter valued at $496,000. 89.75% of the stock is currently owned by institutional investors.
ILLEGAL ACTIVITY NOTICE: “WisdomTree Investments, Inc. to Post Q1 2019 Earnings of $0.09 Per Share, William Blair Forecasts (WETF)” was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this piece can be viewed at https://www.watchlistnews.com/wisdomtree-investments-inc-to-post-q1-2019-earnings-of-0-09-per-share-william-blair-forecasts-wetf/1853239.html.
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.
Receive News & Ratings for WisdomTree Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WisdomTree Investments and related companies with MarketBeat.com's FREE daily email newsletter.