Wall Street brokerages forecast that WisdomTree Investments, Inc. (NASDAQ:WETF) will announce earnings per share (EPS) of $0.07 for the current quarter, Zacks reports. Four analysts have made estimates for WisdomTree Investments’ earnings. The lowest EPS estimate is $0.06 and the highest is $0.07. WisdomTree Investments reported earnings of $0.03 per share during the same quarter last year, which would indicate a positive year over year growth rate of 133.3%. The firm is expected to announce its next earnings results on Friday, February 2nd.
According to Zacks, analysts expect that WisdomTree Investments will report full-year earnings of $0.25 per share for the current year, with EPS estimates ranging from $0.23 to $0.27. For the next fiscal year, analysts anticipate that the company will post earnings of $0.36 per share, with EPS estimates ranging from $0.29 to $0.44. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow WisdomTree Investments.
WisdomTree Investments (NASDAQ:WETF) last announced its quarterly earnings data on Friday, October 27th. The asset manager reported $0.06 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.06. WisdomTree Investments had a return on equity of 15.47% and a net margin of 12.98%. The firm had revenue of $57.99 million for the quarter, compared to the consensus estimate of $57.89 million. During the same quarter last year, the business posted $0.06 earnings per share. The firm’s revenue was up 12.0% compared to the same quarter last year.
A number of equities research analysts have recently weighed in on the company. Citigroup reaffirmed a “buy” rating and issued a $15.00 price objective on shares of WisdomTree Investments in a research note on Monday, October 30th. UBS boosted their target price on WisdomTree Investments from $8.00 to $8.50 and gave the stock a “sell” rating in a research note on Tuesday, November 14th. Keefe, Bruyette & Woods reissued a “sell” rating and set a $10.00 target price on shares of WisdomTree Investments in a research note on Thursday, October 12th. Zacks Investment Research cut WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Finally, Jefferies Group reissued a “buy” rating and set a $14.00 target price on shares of WisdomTree Investments in a research note on Thursday, September 7th. Three research analysts have rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $11.44.
In other news, Director Frank Salerno sold 50,000 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $11.71, for a total transaction of $585,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 16.10% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Advisor Group Inc. boosted its position in shares of WisdomTree Investments by 12.4% during the 2nd quarter. Advisor Group Inc. now owns 15,383 shares of the asset manager’s stock worth $157,000 after acquiring an additional 1,700 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of WisdomTree Investments in the 2nd quarter valued at about $252,000. TIAA CREF Investment Management LLC lifted its holdings in shares of WisdomTree Investments by 0.3% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 310,856 shares of the asset manager’s stock valued at $3,161,000 after purchasing an additional 1,011 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in shares of WisdomTree Investments by 13.7% in the 2nd quarter. New York State Common Retirement Fund now owns 228,614 shares of the asset manager’s stock valued at $2,325,000 after purchasing an additional 27,608 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK lifted its holdings in shares of WisdomTree Investments by 8.1% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 2,962,738 shares of the asset manager’s stock valued at $30,131,000 after purchasing an additional 222,963 shares during the last quarter. 89.41% of the stock is owned by institutional investors and hedge funds.
Shares of WisdomTree Investments (NASDAQ:WETF) traded up $0.17 during midday trading on Tuesday, hitting $12.66. The stock had a trading volume of 1,241,990 shares, compared to its average volume of 2,024,418. WisdomTree Investments has a twelve month low of $7.87 and a twelve month high of $12.68. The firm has a market capitalization of $1,710.00, a PE ratio of 57.55, a PEG ratio of 2.83 and a beta of 3.16.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $0.32 annualized dividend and a yield of 2.53%. WisdomTree Investments’s payout ratio is 145.45%.
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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.
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