WisdomTree Investments, Inc. (NASDAQ:WETF) was the target of unusually large options trading on Monday. Stock investors acquired 3,992 call options on the company. This is an increase of approximately 3,738% compared to the average daily volume of 104 call options.
A number of equities analysts have weighed in on WETF shares. Zacks Investment Research lowered WisdomTree Investments from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Northland Securities reissued a “hold” rating and issued a $12.00 target price on shares of WisdomTree Investments in a research report on Sunday, October 29th. Jefferies Group reissued a “buy” rating and issued a $14.00 target price on shares of WisdomTree Investments in a research report on Thursday, September 7th. Keefe, Bruyette & Woods raised WisdomTree Investments from an “underperform” rating to a “mkt perform” rating in a research report on Tuesday, November 14th. Finally, Citigroup reissued a “buy” rating and issued a $15.00 target price on shares of WisdomTree Investments in a research report on Monday, October 30th. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $11.28.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in WETF. Janus Henderson Group PLC purchased a new stake in shares of WisdomTree Investments during the 2nd quarter valued at about $46,241,000. Capital World Investors increased its position in shares of WisdomTree Investments by 123.0% during the 2nd quarter. Capital World Investors now owns 6,800,000 shares of the asset manager’s stock valued at $69,156,000 after purchasing an additional 3,750,000 shares during the last quarter. TimesSquare Capital Management LLC increased its position in shares of WisdomTree Investments by 7.5% during the 2nd quarter. TimesSquare Capital Management LLC now owns 7,936,900 shares of the asset manager’s stock valued at $80,718,000 after purchasing an additional 553,400 shares during the last quarter. Granite Investment Partners LLC increased its position in shares of WisdomTree Investments by 40.2% during the 2nd quarter. Granite Investment Partners LLC now owns 1,363,177 shares of the asset manager’s stock valued at $13,863,000 after purchasing an additional 390,716 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of WisdomTree Investments by 43.2% during the 2nd quarter. Wells Fargo & Company MN now owns 1,117,232 shares of the asset manager’s stock valued at $11,362,000 after purchasing an additional 337,097 shares during the last quarter. 91.61% of the stock is owned by hedge funds and other institutional investors.
WisdomTree Investments (NASDAQ:WETF) last released its quarterly earnings results on Friday, October 27th. The asset manager reported $0.06 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. WisdomTree Investments had a net margin of 12.98% and a return on equity of 15.47%. The firm had revenue of $57.99 million during the quarter, compared to analyst estimates of $57.89 million. During the same quarter in the prior year, the firm earned $0.06 EPS. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. analysts predict that WisdomTree Investments will post 0.25 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend was Tuesday, November 7th. WisdomTree Investments’s payout ratio is currently 145.46%.
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.
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