WisdomTree Investments (NASDAQ:WETF – Get Rating) is expected to report results before market open on Friday, April 29. Analysts expect the company to report earnings of $0.08 per share for the quarter. Those interested in participating in the company’s earnings conference call can do so using this link.
WisdomTree Investments (NASDAQ:WETF – Get Rating) last released its results on Friday, January 28. The asset manager reported earnings per share (EPS) of $0.20 for the quarter, beating the consensus estimate of $0.18 by $0.02. The company posted revenue of $79.20 million in the quarter, compared to analysts’ expectations of $78.62 million. WisdomTree Investments posted a net margin of 16.18% and a return on equity of 23.10%. The company’s revenue for the quarter increased by 18.0% compared to the same quarter last year. During the same period of the previous year, the company made earnings per share of $0.12. On average, analysts expect WisdomTree Investments to post EPS of $0 for the current fiscal year and EPS of $0 for the next fiscal year.
Shares of WisdomTree Investments opened at $6.25 on Friday. The company has a debt ratio of 1.18, a quick ratio of 2.11 and a current ratio of 3.63. The stock has a market capitalization of $916.16 million, a PE ratio of 20.16 and a beta of 1.71. WisdomTree Investments has a 52 week low of $5.08 and a 52 week high of $7.38. The company has a 50-day simple moving average of $8.84 and a two-hundred-day simple moving average of $11.08.
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 23. Shareholders of record on Wednesday, February 9 received a dividend of $0.06. The ex-dividend date was Tuesday, February 8. This is a boost from WisdomTree Investments’ previous quarterly dividend of $0.03. This represents an annualized dividend of $0.24 and a yield of 3.84%. The payout ratio of WisdomTree Investments is 38.71%.
In other news, CEO Jonathan L. Steinberg sold 153,913 shares of the company in a trade that took place on Tuesday, February 15. The shares were sold at an average price of $5.87, for a total transaction of $903,469.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this hyperlink. 8.00% of the shares are held by insiders.
Hedge funds have recently changed their positions in the business. Invesco Ltd. increased its stake in WisdomTree Investments by 1.6% during the fourth quarter. Invesco Ltd. now owns 523,566 shares of the asset manager valued at $3,205,000 after purchasing an additional 8,298 shares in the last quarter. JPMorgan Chase & Co. increased its stake in WisdomTree Investments by 156.2% during the fourth quarter. JPMorgan Chase & Co. now owns 373,358 shares of the asset manager valued at $2,285,000 after buying an additional 227,648 shares in the last quarter. Legal & General Group Plc increased its stake in WisdomTree Investments by 2.7% during the fourth quarter. Legal & General Group Plc now owns 326,513 shares in the asset manager valued at $1,998,000 after buying an additional 8,723 shares in the last quarter. Wells Fargo & Company MN increased its stake in WisdomTree Investments by 67.3% during the fourth quarter. Wells Fargo & Company MN now owns 198,046 shares of the asset manager valued at $1,212,000 after purchasing an additional 79,680 shares in the last quarter. Finally, River & Mercantile Asset Management LLP acquired a new stake in WisdomTree Investments during the fourth quarter, valued at approximately $1,067,000. 80.73% of the shares are held by institutional investors and hedge funds.
Several research analysts have published reports on the stock. Morgan Stanley lowered its price target on shares of WisdomTree Investments from $7.00 to $6.75 in a Friday, April 8 report. StockNews.com began covering shares of WisdomTree Investments in a report on Thursday, March 31. They issued a “hold” rating for the company. Zacks Investment Research upgraded shares of WisdomTree Investments from a “buy” rating to a “hold” rating in a Friday, March 11 report. Finally, Deutsche Bank Aktiengesellschaft lowered its price target on shares of WisdomTree Investments from $7.00 to $6.00 in a Thursday, April 7 report. Four equity research analysts gave the stock a hold rating and one issued a buy rating for the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.44.
WisdomTree Investments Company Profile (Get a rating)
WisdomTree Investments, Inc, through its subsidiaries, operates as a sponsor and asset manager of exchange-traded funds (ETFs). It offers ETFs on stocks, currencies, fixed income securities and alternative asset classes. The company also licenses its indices to third parties for proprietary products, and offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.
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