WisdomTree Investments (WETF) Upgraded to Strong-Buy at BidaskClub
BidaskClub upgraded shares of WisdomTree Investments (NASDAQ:WETF) from a buy rating to a strong-buy rating in a research report report published on Wednesday.
WETF has been the subject of a number of other research reports. Deutsche Bank started coverage on shares of WisdomTree Investments in a research note on Tuesday, October 17th. They issued a buy rating and a $13.00 target price for the company. Jefferies Group reiterated a buy rating and issued a $14.00 target price on shares of WisdomTree Investments in a research note on Thursday, September 7th. Zacks Investment Research cut shares of WisdomTree Investments from a hold rating to a sell rating in a research note on Thursday, October 5th. Keefe, Bruyette & Woods reiterated a sell rating and issued a $9.25 target price on shares of WisdomTree Investments in a research note on Thursday, September 21st. Finally, UBS lifted their target price on shares of WisdomTree Investments from $8.00 to $8.50 and gave the company a sell rating in a research note on Tuesday, November 14th. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $11.28.
WisdomTree Investments (NASDAQ:WETF) opened at $11.96 on Wednesday. WisdomTree Investments has a one year low of $7.87 and a one year high of $13.32. The stock has a market cap of $1,600.50, a P/E ratio of 50.83, a PEG ratio of 2.76 and a beta of 3.16.
WisdomTree Investments (NASDAQ:WETF) last posted its earnings results on Friday, October 27th. The asset manager reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. WisdomTree Investments had a net margin of 12.98% and a return on equity of 15.47%. The company had revenue of $57.99 million during the quarter, compared to analysts’ expectations of $57.89 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. WisdomTree Investments’s quarterly revenue was up 12.0% compared to the same quarter last year. equities analysts expect that WisdomTree Investments will post 0.25 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend was Tuesday, November 7th. WisdomTree Investments’s dividend payout ratio is currently 145.46%.
Institutional investors have recently modified their holdings of the stock. Advisor Group Inc. increased its holdings in shares of WisdomTree Investments by 12.4% in the second quarter. Advisor Group Inc. now owns 15,383 shares of the asset manager’s stock valued at $157,000 after purchasing an additional 1,700 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of WisdomTree Investments in the second quarter valued at approximately $252,000. TIAA CREF Investment Management LLC grew its holdings in WisdomTree Investments by 0.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 310,856 shares of the asset manager’s stock worth $3,161,000 after acquiring an additional 1,011 shares during the period. New York State Common Retirement Fund grew its holdings in WisdomTree Investments by 13.7% during the 2nd quarter. New York State Common Retirement Fund now owns 228,614 shares of the asset manager’s stock worth $2,325,000 after acquiring an additional 27,608 shares during the period. Finally, Aberdeen Asset Management PLC UK grew its holdings in WisdomTree Investments by 8.1% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 2,962,738 shares of the asset manager’s stock worth $30,131,000 after acquiring an additional 222,963 shares during the period. 91.61% of the stock is owned by institutional investors and hedge funds.
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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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