WisdomTree Investments, Inc. (WETF) to Post FY2018 Earnings of $0.35 Per Share, Gabelli Forecasts
WisdomTree Investments, Inc. (NASDAQ:WETF) – Equities researchers at Gabelli lowered their FY2018 earnings per share estimates for WisdomTree Investments in a research report issued on Monday. Gabelli analyst M. Sykes now anticipates that the asset manager will post earnings of $0.35 per share for the year, down from their prior estimate of $0.40. Gabelli has a “Buy” rating on the stock. Gabelli also issued estimates for WisdomTree Investments’ FY2019 earnings at $0.50 EPS, FY2020 earnings at $0.70 EPS and FY2021 earnings at $1.00 EPS.
A number of other brokerages also recently commented on WETF. Northland Securities reaffirmed a “hold” rating and set a $12.00 price objective on shares of WisdomTree Investments in a research report on Sunday. Citigroup Inc. reiterated a “buy” rating and issued a $15.00 target price on shares of WisdomTree Investments in a research note on Monday. Zacks Investment Research cut shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Tuesday. Deutsche Bank AG started coverage on shares of WisdomTree Investments in a research note on Tuesday, October 17th. They issued a “buy” rating and a $13.00 target price for the company. Finally, Keefe, Bruyette & Woods reiterated a “sell” rating and issued a $10.00 target price on shares of WisdomTree Investments in a research note on Thursday, October 12th. Six investment 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. The stock presently has an average rating of “Hold” and a consensus target price of $11.20.
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WisdomTree Investments (NASDAQ:WETF) traded down 1.817% during mid-day trading on Tuesday, hitting $11.075. 1,205,081 shares of the stock traded hands. WisdomTree Investments has a 12-month low of $7.87 and a 12-month high of $13.32. The firm has a market cap of $1.49 billion, a PE ratio of 50.341 and a beta of 3.15. The stock has a 50 day moving average price of $10.27 and a 200 day moving average price of $9.72.
WisdomTree Investments (NASDAQ:WETF) last announced 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. The company had revenue of $57.99 million during the quarter, compared to analysts’ expectations of $57.89 million. WisdomTree Investments had a return on equity of 15.47% and a net margin of 12.98%. WisdomTree Investments’s revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 EPS.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend 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 other news, Director Bruce I. Lavine sold 19,849 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $9.95, for a total value of $197,497.55. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 16.60% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Everence Capital Management Inc. acquired a new stake in shares of WisdomTree Investments in the 3rd quarter valued at approximately $103,000. Penserra Capital Management LLC acquired a new stake in shares of WisdomTree Investments in the 2nd quarter valued at approximately $107,000. Traynor Capital Management Inc. acquired a new stake in shares of WisdomTree Investments in the 3rd quarter valued at approximately $111,000. Shelton Capital Management acquired a new stake in shares of WisdomTree Investments in the 2nd quarter valued at approximately $116,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in shares of WisdomTree Investments in the 2nd quarter valued at approximately $133,000. Institutional investors and hedge funds own 92.46% 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.
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