WisdomTree Investments, Inc. (NASDAQ:WETF – Get Ranking)’s inventory worth reached a brand new 52-week low throughout buying and selling on Wednesday after Morgan Stanley lowered their worth goal on the inventory from $6.75 to $6.00. Morgan Stanley at the moment has an equal weight ranking on the inventory. WisdomTree Investments traded as little as $5.06 and final traded at $5.11, with a quantity of 14859 shares. The inventory had beforehand closed at $5.42.
Different analysis analysts have additionally lately issued stories concerning the firm. The Goldman Sachs Group lowered their worth goal on WisdomTree Investments from $5.00 to $4.50 and set a “promote” ranking on the inventory in a analysis report on Wednesday. StockNews.com downgraded shares of WisdomTree Investments from a “maintain” ranking to a “promote” ranking in a report on Friday, Might 20th. Deutsche Financial institution Aktiengesellschaft decreased their worth goal on shares of WisdomTree Investments from $7.00 to $6.00 in a analysis report on Thursday, April seventh. Lastly, Keefe, Bruyette & Woods downgraded shares of WisdomTree Investments from an “outperform” ranking to a “market carry out” ranking and dropped their goal worth for the inventory from $7.25 to $6.00 in a report on Tuesday. Two funding analysts have rated the inventory with a promote ranking and three have assigned a maintain ranking to the corporate. In accordance with knowledge from MarketBeat.com, the inventory has a consensus ranking of “Maintain” and a consensus goal worth of $5.63.
Institutional traders have lately added to or decreased their stakes within the firm. Steward Companions Funding Advisory LLC bought a brand new place in WisdomTree Investments in the course of the first quarter valued at $38,000. Walleye Capital LLC bought a brand new place in shares of WisdomTree Investments in the course of the first quarter valued at about $64,000. Virtu Monetary LLC purchased a brand new stake in shares of WisdomTree Investments within the first quarter value about $72,000. Captrust Monetary Advisors lifted its place in shares of WisdomTree Investments by 41.6% within the first quarter. Captrust Monetary Advisors now owns 13,848 shares of the asset supervisor’s inventory value $81,00Zero after shopping for a further 4,065 shares within the final quarter. Lastly, Astoria Portfolio Advisors LLC. boosted its stake in WisdomTree Investments by 16.7% in the course of the first quarter. Astoria Portfolio Advisors LLC. now owns 17,500 shares of the asset supervisor’s inventory valued at $103,00Zero after shopping for a further 2,500 shares over the past quarter. Hedge funds and different institutional traders personal 82.02% of the corporate’s inventory.
The agency has a market cap of $742.85 million, a P/E ratio of 36.21 and a beta of 1.58. The inventory has a 50 day easy shifting common of $5.65 and a 200-day easy shifting common of $8.72. The corporate has a present ratio of 4.28, a fast ratio of two.28 and a debt-to-equity ratio of 1.26.
WisdomTree Investments (NASDAQ:WETF – Get Ranking) final issued its quarterly earnings knowledge on Friday, April 29th. The asset supervisor reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. The corporate had income of $78.40 million for the quarter, in comparison with analysts’ expectations of $78.74 million. WisdomTree Investments had a return on fairness of 24.16% and a internet margin of seven.79%. The agency’s income for the quarter was up 10.0% on a year-over-year foundation. Throughout the identical interval within the earlier 12 months, the agency posted $0.08 earnings per share. As a gaggle, equities analysts forecast that WisdomTree Investments, Inc. will publish 0.35 earnings per share for the present fiscal 12 months.
The corporate additionally lately declared a quarterly dividend, which was paid on Wednesday, Might 25th. Stockholders of document on Wednesday, Might 11th had been paid a dividend of $0.03 per share. The ex-dividend date was Tuesday, Might 10th. This represents a $0.12 annualized dividend and a dividend yield of two.37%. WisdomTree Investments’s dividend payout ratio is at the moment 85.71%.
WisdomTree Investments Firm Profile (NASDAQ:WETF)
WisdomTree Investments, Inc, by its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset supervisor. It presents ETFs in equities, forex, mounted revenue, and alternate options asset lessons. The corporate additionally licenses its indexes to 3rd events for proprietary merchandise, in addition to presents a platform to advertise the usage of WisdomTree ETFs in 401(okay) plans.
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