WisdomTree Investments, Inc. (WETF) to Post FY2017 Earnings of $0.24 Per Share, Northcoast Research Forecasts
WisdomTree Investments, Inc. (NASDAQ:WETF) – Research analysts at Northcoast Research lowered their FY2017 earnings per share estimates for shares of WisdomTree Investments in a research note issued to investors on Monday. Northcoast Research analyst K. Housum now anticipates that the asset manager will earn $0.24 per share for the year, down from their previous estimate of $0.26. Northcoast Research also issued estimates for WisdomTree Investments’ Q4 2017 earnings at $0.07 EPS, Q1 2018 earnings at $0.07 EPS, Q2 2018 earnings at $0.09 EPS, Q3 2018 earnings at $0.10 EPS and Q4 2018 earnings at $0.10 EPS.
A number of other equities research analysts also recently weighed in on the company. Citigroup Inc. reaffirmed a “buy” rating and set a $15.00 price target on shares of WisdomTree Investments in a research note on Monday. Northland Securities reaffirmed a “hold” rating and set a $12.00 price target on shares of WisdomTree Investments in a research note on Sunday. Zacks Investment Research downgraded WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Deutsche Bank AG assumed coverage on WisdomTree Investments in a research note on Tuesday, October 17th. They set a “buy” rating and a $13.00 price target for the company. Finally, Keefe, Bruyette & Woods reaffirmed a “sell” rating and set a $10.00 price target on shares of WisdomTree Investments in a research note on Thursday, October 12th. Six equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $11.20.
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Shares of WisdomTree Investments (WETF) opened at 11.28 on Tuesday. The stock’s 50 day moving average price is $10.27 and its 200-day moving average price is $9.72. The stock has a market cap of $1.52 billion, a PE ratio of 51.27 and a beta of 3.15. WisdomTree Investments has a one year low of $7.87 and a one year high of $13.32.
WisdomTree Investments (NASDAQ:WETF) last issued its earnings results on Friday, October 27th. The asset manager reported $0.06 earnings per share (EPS) for the quarter, hitting the Zacks’ 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 during the quarter, compared to analysts’ expectations of $57.89 million. During the same quarter in the previous year, the business earned $0.06 EPS. The company’s revenue for the quarter was up 12.0% on a year-over-year basis.
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 paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Tuesday, November 7th. WisdomTree Investments’s payout ratio is 145.46%.
In related news, Director Bruce I. Lavine sold 19,849 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $9.95, for a total value of $197,497.55. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 16.60% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of WETF. First Trust Advisors LP raised its stake in shares of WisdomTree Investments by 11.6% in the 1st quarter. First Trust Advisors LP now owns 45,778 shares of the asset manager’s stock valued at $416,000 after acquiring an additional 4,741 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of WisdomTree Investments by 32.0% in the 1st quarter. UBS Asset Management Americas Inc. now owns 60,555 shares of the asset manager’s stock valued at $550,000 after acquiring an additional 14,695 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of WisdomTree Investments by 54.5% in the 1st quarter. Parametric Portfolio Associates LLC now owns 164,532 shares of the asset manager’s stock valued at $1,494,000 after acquiring an additional 58,014 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of WisdomTree Investments by 178.2% in the 1st quarter. Prudential Financial Inc. now owns 194,620 shares of the asset manager’s stock valued at $1,767,000 after acquiring an additional 124,660 shares in the last quarter. Finally, OppenheimerFunds Inc. bought a new position in shares of WisdomTree Investments in the 1st quarter valued at approximately $1,012,000. 92.46% of the stock is currently owned by institutional investors and hedge funds.
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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