WisdomTree Investments Inc. (WETF) Shares Up 1.8%
WisdomTree Investments Inc. (NASDAQ:WETF)’s share price shot up 1.8% on Wednesday . The company traded as high as $10.61 and last traded at $10.47, with a volume of 994,502 shares traded. The stock had previously closed at $10.28.
A number of brokerages have weighed in on WETF. Jefferies Group reissued a “buy” rating on shares of WisdomTree Investments in a research report on Sunday, May 22nd. Zacks Investment Research raised WisdomTree Investments from a “sell” rating to a “hold” rating in a research report on Wednesday, August 3rd. Citigroup Inc. reissued a “sell” rating and set a $6.00 price target on shares of WisdomTree Investments in a research report on Tuesday, June 21st. Credit Suisse Group AG reissued an “outperform” rating and set a $11.89 price target (down previously from $17.00) on shares of WisdomTree Investments in a research report on Thursday, May 26th. Finally, Bank of America Corp. downgraded WisdomTree Investments from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 28th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. WisdomTree Investments currently has a consensus rating of “Hold” and an average target price of $14.04.
The company has a market cap of $1.38 billion and a price-to-earnings ratio of 23.83. The stock has a 50 day moving average price of $10.60 and a 200 day moving average price of $11.11.
WisdomTree Investments (NASDAQ:WETF) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.04. During the same period last year, the company earned $0.18 earnings per share. The firm earned $55.98 million during the quarter, compared to analysts’ expectations of $55.01 million. The business’s revenue for the quarter was down 31.4% on a year-over-year basis. On average, analysts forecast that WisdomTree Investments Inc. will post $0.23 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 24th. Investors of record on Wednesday, August 10th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, August 8th. This represents a $0.32 annualized dividend and a yield of 3.12%.
In other WisdomTree Investments news, Director Anthony Bossone bought 50,000 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The stock was acquired at an average price of $9.90 per share, with a total value of $495,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jonathan L. Steinberg bought 250,000 shares of the company’s stock in a transaction dated Friday, August 19th. The shares were acquired at an average cost of $10.16 per share, with a total value of $2,540,000.00. The disclosure for this purchase can be found here.
WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (ETFs). The Company’s family of ETFs includes fundamentally weighted funds that track its own indexes, funds that track third party indexes and actively managed funds. The Company operates through exchange traded products (ETP) sponsor and asset manager providing investment advisory services segment.
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