WisdomTree Investments, Inc. (WETF) Expected to Earn Q1 2018 Earnings of $0.06 Per Share
WisdomTree Investments, Inc. (NASDAQ:WETF) – Investment analysts at William Blair issued their Q1 2018 EPS estimates for WisdomTree Investments in a research report issued to clients and investors on Friday. William Blair analyst C. Shutler anticipates that the asset manager will post earnings per share of $0.06 for the quarter. William Blair also issued estimates for WisdomTree Investments’ Q2 2018 earnings at $0.07 EPS, Q3 2018 earnings at $0.08 EPS and Q4 2018 earnings at $0.08 EPS.
Several other analysts also recently weighed in on WETF. Northland Securities reissued a “hold” rating and issued a $12.00 target price on shares of WisdomTree Investments in a report on Sunday. Keefe, Bruyette & Woods reissued an “underperform” rating on shares of WisdomTree Investments in a report on Thursday, August 10th. BidaskClub downgraded WisdomTree Investments from a “hold” rating to a “sell” rating in a report on Friday, August 11th. ValuEngine raised WisdomTree Investments from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Gabelli reissued a “buy” rating on shares of WisdomTree Investments in a report on Monday, July 31st. Six research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. WisdomTree Investments presently has a consensus rating of “Hold” and a consensus target price of $10.75.
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Shares of WisdomTree Investments (WETF) opened at 11.56 on Monday. WisdomTree Investments has a 1-year low of $7.87 and a 1-year high of $13.32. The stock has a market capitalization of $1.56 billion, a PE ratio of 52.55 and a beta of 3.15. The firm has a 50-day moving average price of $10.20 and a 200-day moving average price of $9.68.
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 analysts’ consensus estimates of $0.06. WisdomTree Investments had a return on equity of 15.47% and a net margin of 12.98%. The company had revenue of $57.99 million during the quarter, compared to analysts’ expectations of $57.89 million. During the same period last year, the business posted $0.06 earnings per share. The firm’s revenue was up 12.0% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Tuesday, November 7th. WisdomTree Investments’s dividend payout ratio is presently 145.46%.
In other news, Director Bruce I. Lavine sold 19,849 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $9.95, for a total transaction of $197,497.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 16.60% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of WETF. Penserra Capital Management LLC purchased a new position in shares of WisdomTree Investments during the 2nd quarter worth approximately $107,000. Traynor Capital Management Inc. acquired a new stake in shares of WisdomTree Investments in the 3rd quarter worth approximately $111,000. Shelton Capital Management acquired a new stake in shares of WisdomTree Investments in the 2nd quarter worth approximately $116,000. Tudor Investment Corp ET AL acquired a new stake in shares of WisdomTree Investments in the 1st quarter worth approximately $123,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in shares of WisdomTree Investments in the 2nd quarter worth approximately $133,000. 92.46% of the stock is owned by institutional investors and hedge funds.
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.
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