Northland Securities Reiterates Hold Rating for WisdomTree Investments, Inc. (WETF)

Northland Securities restated their hold rating on shares of WisdomTree Investments, Inc. (NASDAQ:WETF) in a research note issued to investors on Sunday morning. They currently have a $12.00 target price on the asset manager’s stock.

Other equities research analysts also recently issued research reports about the stock. ValuEngine raised shares of WisdomTree Investments from a sell rating to a hold rating in a research report on Tuesday, August 1st. BidaskClub downgraded shares of WisdomTree Investments from a buy rating to a hold rating in a research report on Monday, July 31st. Gabelli reissued a buy rating on shares of WisdomTree Investments in a research report on Monday, July 31st. UBS AG reissued a sell rating and set a $8.00 price target (up previously from $7.50) on shares of WisdomTree Investments in a research report on Monday, July 31st. Finally, Keefe, Bruyette & Woods reissued an underperform rating on shares of WisdomTree Investments in a research report on Thursday, August 10th. Six research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $11.20.

WisdomTree Investments (NASDAQ:WETF) last announced its quarterly earnings results on Friday, October 27th. The asset manager reported $0.06 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. The company had revenue of $57.99 million during the quarter, compared to the consensus estimate of $57.89 million. WisdomTree Investments had a net margin of 12.98% and a return on equity of 15.47%. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.06 earnings per share.

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The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.89%. The ex-dividend date is Tuesday, November 7th. WisdomTree Investments’s dividend payout ratio is currently 145.46%.

In related news, Director Bruce I. Lavine sold 10,289 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $10.10, for a total value of $103,918.90. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 16.60% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Bank of Montreal Can boosted its holdings in WisdomTree Investments by 0.7% in the second quarter. Bank of Montreal Can now owns 50,078 shares of the asset manager’s stock worth $508,000 after purchasing an additional 356 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in WisdomTree Investments by 3.5% in the second quarter. PNC Financial Services Group Inc. now owns 19,688 shares of the asset manager’s stock worth $201,000 after purchasing an additional 668 shares during the last quarter. Texas Permanent School Fund boosted its holdings in WisdomTree Investments by 0.8% in the second quarter. Texas Permanent School Fund now owns 83,782 shares of the asset manager’s stock worth $852,000 after purchasing an additional 692 shares during the last quarter. Tudor Investment Corp ET AL boosted its holdings in WisdomTree Investments by 5.4% in the second quarter. Tudor Investment Corp ET AL now owns 14,289 shares of the asset manager’s stock worth $145,000 after purchasing an additional 726 shares during the last quarter. Finally, Amalgamated Bank boosted its holdings in WisdomTree Investments by 5.0% in the second quarter. Amalgamated Bank now owns 15,966 shares of the asset manager’s stock worth $162,000 after purchasing an additional 760 shares during the last quarter. Institutional investors own 92.46% 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.

Analyst Recommendations for WisdomTree Investments (NASDAQ:WETF)

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