WisdomTree Investments (WETF) Upgraded by BidaskClub to “Strong-Buy”

BidaskClub upgraded shares of WisdomTree Investments (NASDAQ:WETF) from a buy rating to a strong-buy rating in a research note published on Wednesday.

A number of other research analysts have also recently issued reports on the stock. UBS lifted their price objective on shares of WisdomTree Investments from $8.00 to $8.50 and gave the company a sell rating in a research note on Tuesday, November 14th. Keefe, Bruyette & Woods raised shares of WisdomTree Investments from an underperform rating to a mkt perform rating in a research note on Tuesday, November 14th. Zacks Investment Research cut shares of WisdomTree Investments from a hold rating to a sell rating in a research note on Tuesday, October 31st. Citigroup reissued a buy rating and issued a $15.00 price objective on shares of WisdomTree Investments in a research note on Monday, October 30th. Finally, Northland Securities reissued a hold rating and issued a $12.00 price objective on shares of WisdomTree Investments in a research note on Sunday, October 29th. Four research analysts have rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. WisdomTree Investments presently has a consensus rating of Hold and an average price target of $11.28.

Shares of WisdomTree Investments (NASDAQ WETF) traded down $0.30 during trading hours on Wednesday, reaching $11.63. 1,247,200 shares of the company were exchanged, compared to its average volume of 2,057,052. The company has a market capitalization of $1,633.36, a PE ratio of 51.87, a price-to-earnings-growth ratio of 2.81 and a beta of 3.16. WisdomTree Investments has a fifty-two week low of $7.87 and a fifty-two week high of $13.32.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th were given a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $0.32 dividend on an annualized basis and a yield of 2.75%. WisdomTree Investments’s dividend payout ratio is currently 145.46%.

Institutional investors have recently modified their holdings of the business. Janus Henderson Group PLC acquired a new position in shares of WisdomTree Investments during the second quarter worth $46,241,000. Capital World Investors lifted its holdings in shares of WisdomTree Investments by 123.0% during the second quarter. Capital World Investors now owns 6,800,000 shares of the asset manager’s stock worth $69,156,000 after purchasing an additional 3,750,000 shares during the period. TimesSquare Capital Management LLC lifted its holdings in shares of WisdomTree Investments by 7.5% during the second quarter. TimesSquare Capital Management LLC now owns 7,936,900 shares of the asset manager’s stock worth $80,718,000 after purchasing an additional 553,400 shares during the period. Granite Investment Partners LLC lifted its holdings in shares of WisdomTree Investments by 40.2% during the second quarter. Granite Investment Partners LLC now owns 1,363,177 shares of the asset manager’s stock worth $13,863,000 after purchasing an additional 390,716 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of WisdomTree Investments by 43.2% during the second quarter. Wells Fargo & Company MN now owns 1,117,232 shares of the asset manager’s stock worth $11,362,000 after purchasing an additional 337,097 shares during the period. Hedge funds and other institutional investors own 91.61% of the company’s stock.

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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.

Analyst Recommendations for WisdomTree Investments (NASDAQ:WETF)

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