Keefe, Bruyette & Woods upgraded shares of WisdomTree Investments, Inc. (NASDAQ:WETF) from an underperform rating to a mkt perform rating in a report issued on Tuesday.

Other equities research analysts also recently issued research reports about the company. Northland Securities reiterated a hold rating and issued a $10.50 price objective on shares of WisdomTree Investments in a report on Sunday, July 30th. ValuEngine upgraded WisdomTree Investments from a sell rating to a hold rating in a report on Tuesday, August 1st. BidaskClub downgraded WisdomTree Investments from a buy rating to a hold rating in a report on Monday, July 31st. Gabelli reiterated a buy rating on shares of WisdomTree Investments in a report on Monday, July 31st. Finally, UBS AG reiterated a sell rating and issued a $8.00 price objective (up previously from $7.50) on shares of WisdomTree Investments in a report on Monday, July 31st. Five research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. WisdomTree Investments presently has a consensus rating of Hold and an average target price of $11.28.

Shares of WisdomTree Investments (NASDAQ:WETF) traded down $0.15 on Tuesday, hitting $11.13. The stock had a trading volume of 2,362,600 shares, compared to its average volume of 2,069,767. WisdomTree Investments has a twelve month low of $7.87 and a twelve month high of $13.32. The firm has a market capitalization of $1,544.36, a price-to-earnings ratio of 49.04, a PEG ratio of 2.81 and a beta of 3.18.

WisdomTree Investments (NASDAQ:WETF) last issued its quarterly earnings results on Friday, October 27th. The asset manager reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. WisdomTree Investments had a return on equity of 15.47% and a net margin of 12.98%. The business had revenue of $57.99 million for the quarter, compared to analyst estimates of $57.89 million. During the same quarter in the prior year, the firm posted $0.06 earnings per share. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. sell-side analysts expect that WisdomTree Investments will post 0.25 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $0.32 dividend on an annualized basis and a yield of 2.88%. WisdomTree Investments’s dividend payout ratio is presently 145.46%.

Several institutional investors have recently made changes to their positions in WETF. UBS Asset Management Americas Inc. increased its holdings in shares of WisdomTree Investments by 32.0% in the first quarter. UBS Asset Management Americas Inc. now owns 60,555 shares of the asset manager’s stock worth $550,000 after acquiring an additional 14,695 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of WisdomTree Investments by 54.5% in the first quarter. Parametric Portfolio Associates LLC now owns 164,532 shares of the asset manager’s stock worth $1,494,000 after acquiring an additional 58,014 shares in the last quarter. FMR LLC increased its holdings in shares of WisdomTree Investments by 20.3% in the first quarter. FMR LLC now owns 1,235,669 shares of the asset manager’s stock worth $11,220,000 after acquiring an additional 208,169 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of WisdomTree Investments by 1.6% in the first quarter. California Public Employees Retirement System now owns 50,100 shares of the asset manager’s stock worth $455,000 after acquiring an additional 800 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of WisdomTree Investments by 277.2% in the first quarter. Legal & General Group Plc now owns 203,098 shares of the asset manager’s stock worth $1,843,000 after acquiring an additional 149,255 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.

WisdomTree Investments Company Profile

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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