WisdomTree Investments, Inc. (NASDAQ:WETF) – Investment analysts at Jefferies Financial Group upped their FY2021 EPS estimates for WisdomTree Investments in a research note issued to investors on Monday, January 10th. Jefferies Financial Group analyst D. Fannon now expects that the asset manager will post earnings per share of $0.36 for the year, up from their previous estimate of $0.34. Jefferies Financial Group also issued estimates for WisdomTree Investments’ Q3 2022 earnings at $0.10 EPS, Q4 2022 earnings at $0.10 EPS, FY2022 earnings at $0.37 EPS and FY2023 earnings at $0.41 EPS.
WisdomTree Investments (NASDAQ:WETF) last released its quarterly earnings results on Thursday, October 28th. The asset manager reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. WisdomTree Investments had a return on equity of 20.71% and a net margin of 8.50%. The business had revenue of $78.10 million for the quarter, compared to analysts’ expectations of $77.65 million. During the same quarter in the prior year, the firm posted $0.07 EPS. The company’s revenue was up 20.3% compared to the same quarter last year.
A number of other brokerages have also recently issued reports on WETF. Zacks Investment Research cut WisdomTree Investments from a “buy” rating to a “sell” rating in a report on Friday, January 7th. Deutsche Bank Aktiengesellschaft boosted their target price on WisdomTree Investments from $6.00 to $7.00 and gave the stock a “hold” rating in a report on Monday, November 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, WisdomTree Investments presently has a consensus rating of “Hold” and an average price target of $7.23.
Shares of WisdomTree Investments stock opened at $6.39 on Tuesday. The firm has a market cap of $927.40 million, a PE ratio of 45.64 and a beta of 1.72. The company has a quick ratio of 2.19, a current ratio of 3.77 and a debt-to-equity ratio of 1.22. The business’s fifty day moving average is $6.35 and its two-hundred day moving average is $6.18. WisdomTree Investments has a fifty-two week low of $5.13 and a fifty-two week high of $7.38.
Several institutional investors and hedge funds have recently made changes to their positions in WETF. Veriti Management LLC acquired a new position in shares of WisdomTree Investments in the 3rd quarter valued at approximately $59,000. Advisor Group Holdings Inc. raised its position in shares of WisdomTree Investments by 35.7% in the 2nd quarter. Advisor Group Holdings Inc. now owns 10,404 shares of the asset manager’s stock valued at $65,000 after purchasing an additional 2,735 shares in the last quarter. Janus Henderson Group PLC acquired a new position in shares of WisdomTree Investments in the 3rd quarter valued at approximately $65,000. Wolverine Trading LLC acquired a new stake in shares of WisdomTree Investments during the 3rd quarter valued at approximately $67,000. Finally, Point72 Hong Kong Ltd raised its position in shares of WisdomTree Investments by 33.5% during the 3rd quarter. Point72 Hong Kong Ltd now owns 13,731 shares of the asset manager’s stock valued at $78,000 after acquiring an additional 3,447 shares in the last quarter. 70.32% of the stock is currently owned by institutional investors.
In other WisdomTree Investments news, insider Peter M. Ziemba sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 17th. The stock was sold at an average price of $6.76, for a total value of $33,800.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 8.00% of the company’s stock.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 24th. Investors of record on Wednesday, November 10th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.88%. The ex-dividend date was Tuesday, November 9th. WisdomTree Investments’s dividend payout ratio (DPR) is presently 85.71%.
WisdomTree Investments Company Profile
WisdomTree Investments, Inc operates as an asset management company that focuses on Exchange Traded Products (ETPs). It distributes ETPs within the asset management industry, including brokerage firms, registered investment advisors, institutional investors, private wealth managers and discount brokers.
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