WisdomTree Investments (WETF) Price Target Cut to $9.50

WisdomTree Investments (NASDAQ:WETF) had its price target cut by Bank of America from $10.00 to $9.50 in a report published on Monday. They currently have an underperform rating on the asset manager’s stock.

Several other brokerages have also recently issued reports on WETF. Zacks Investment Research raised shares of WisdomTree Investments from a hold rating to a buy rating and set a $14.00 price objective on the stock in a research note on Saturday, January 6th. Jefferies Group reaffirmed a buy rating and issued a $15.00 price objective on shares of WisdomTree Investments in a research note on Thursday, January 11th. BidaskClub raised shares of WisdomTree Investments from a buy rating to a strong-buy rating in a research note on Friday, December 22nd. Deutsche Bank initiated coverage on shares of WisdomTree Investments in a research note on Tuesday, October 17th. They issued a buy rating and a $13.00 price objective on the stock. Finally, Keefe, Bruyette & Woods raised shares of WisdomTree Investments from an underperform rating to a mkt perform rating in a research note on Tuesday, November 14th. Three analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $11.72.

WisdomTree Investments (WETF) opened at $10.01 on Monday. The stock has a market cap of $1,386.40, a P/E ratio of 50.05, a PEG ratio of 1.57 and a beta of 2.69. WisdomTree Investments has a 52 week low of $7.87 and a 52 week high of $13.41.

WisdomTree Investments (NASDAQ:WETF) last announced its quarterly earnings data on Friday, February 2nd. The asset manager reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.03). The business had revenue of $61.39 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm earned $0.03 EPS. research analysts predict that WisdomTree Investments will post 0.43 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Tuesday, February 13th. WisdomTree Investments’s dividend payout ratio (DPR) is currently 160.00%.

In other news, Director Frank Salerno sold 50,000 shares of WisdomTree Investments stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $11.71, for a total value of $585,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kurt Macalpine bought 19,710 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was purchased at an average cost of $10.38 per share, for a total transaction of $204,589.80. The disclosure for this purchase can be found here. Company insiders own 16.10% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in WETF. Schwab Charles Investment Management Inc. increased its position in shares of WisdomTree Investments by 0.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 476,715 shares of the asset manager’s stock worth $4,849,000 after acquiring an additional 4,419 shares in the last quarter. Teachers Advisors LLC boosted its holdings in shares of WisdomTree Investments by 1.6% during the second quarter. Teachers Advisors LLC now owns 210,414 shares of the asset manager’s stock worth $2,140,000 after purchasing an additional 3,275 shares during the period. TIAA CREF Investment Management LLC boosted its holdings in shares of WisdomTree Investments by 0.3% during the second quarter. TIAA CREF Investment Management LLC now owns 310,856 shares of the asset manager’s stock worth $3,161,000 after purchasing an additional 1,011 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of WisdomTree Investments by 0.3% during the second quarter. Ameriprise Financial Inc. now owns 604,526 shares of the asset manager’s stock worth $6,148,000 after purchasing an additional 2,007 shares during the period. Finally, Amalgamated Bank boosted its holdings in shares of WisdomTree Investments by 5.0% during 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 period. 89.75% of the stock is currently owned by institutional investors and hedge funds.

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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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