WisdomTree Investments, Inc. (WETF) Given Consensus Rating of “Hold” by Analysts
WisdomTree Investments, Inc. (NASDAQ:WETF) has received an average rating of “Hold” from the twelve research firms that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $12.06.
Several equities analysts have recently issued reports on WETF shares. BidaskClub cut shares of WisdomTree Investments from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 14th. Jefferies Group reiterated a “buy” rating and issued a $15.00 target price on shares of WisdomTree Investments in a report on Thursday, January 11th. Zacks Investment Research upgraded shares of WisdomTree Investments from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a report on Saturday, January 6th. Citigroup decreased their target price on shares of WisdomTree Investments from $15.00 to $13.50 and set a “buy” rating for the company in a report on Tuesday, February 6th. Finally, Deutsche Bank set a $13.00 target price on shares of WisdomTree Investments and gave the stock a “buy” rating in a report on Tuesday, March 6th.
Shares of WETF stock traded up $0.01 on Friday, hitting $9.17. 422,205 shares of the stock traded hands, compared to its average volume of 1,603,325. The firm has a market cap of $1,359.41, a PE ratio of 41.13, a P/E/G ratio of 1.60 and a beta of 2.74. WisdomTree Investments has a 12 month low of $7.87 and a 12 month high of $13.41.
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Tuesday, February 13th. WisdomTree Investments’s payout ratio is 60.00%.
In related news, insider Kurt Macalpine purchased 19,710 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was acquired at an average cost of $10.38 per share, for a total transaction of $204,589.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael H. Steinhardt sold 41,245 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $9.71, for a total transaction of $400,488.95. The disclosure for this sale can be found here. Over the last quarter, insiders sold 941,936 shares of company stock valued at $9,354,156. Corporate insiders own 16.10% of the company’s stock.
Several hedge funds have recently bought and sold shares of WETF. Crossmark Global Holdings Inc. acquired a new stake in shares of WisdomTree Investments during the third quarter worth approximately $204,000. Victory Capital Management Inc. raised its position in WisdomTree Investments by 58.4% during the third quarter. Victory Capital Management Inc. now owns 57,207 shares of the asset manager’s stock valued at $582,000 after acquiring an additional 21,099 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in WisdomTree Investments by 87.2% during the third quarter. BNP Paribas Arbitrage SA now owns 71,190 shares of the asset manager’s stock valued at $725,000 after acquiring an additional 33,156 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in WisdomTree Investments by 59.0% during the third quarter. Municipal Employees Retirement System of Michigan now owns 43,060 shares of the asset manager’s stock valued at $438,000 after acquiring an additional 15,970 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in WisdomTree Investments by 42.3% during the third quarter. Russell Investments Group Ltd. now owns 120,529 shares of the asset manager’s stock valued at $1,227,000 after acquiring an additional 35,803 shares in the last quarter. Institutional investors and hedge funds own 86.35% of the company’s stock.
WisdomTree Investments Company Profile
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.
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