Wisdom Tree Investments Inc (NASDAQ:WETF) – Investment analysts at Jefferies Financial Group reduced their FY2018 earnings per share estimates for Wisdom Tree Investments in a report released on Monday, December 3rd. Jefferies Financial Group analyst D. Fannon now anticipates that the asset manager will earn $0.33 per share for the year, down from their prior estimate of $0.34. Jefferies Financial Group also issued estimates for Wisdom Tree Investments’ FY2019 earnings at $0.32 EPS.

Wisdom Tree Investments (NASDAQ:WETF) last issued its quarterly earnings results on Friday, October 26th. The asset manager reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. Wisdom Tree Investments had a return on equity of 16.22% and a net margin of 18.05%. The firm had revenue of $72.57 million for the quarter, compared to analyst estimates of $72.32 million. During the same period in the previous year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 25.7% compared to the same quarter last year.

Several other brokerages have also issued reports on WETF. ValuEngine upgraded Wisdom Tree Investments from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 3rd. Citigroup lowered their price target on Wisdom Tree Investments from $7.00 to $6.00 and set a “sell” rating on the stock in a research note on Thursday, September 20th. Morgan Stanley lowered their price target on Wisdom Tree Investments from $10.00 to $9.50 and set an “equal weight” rating on the stock in a research note on Tuesday, October 9th. Credit Suisse Group lowered their price target on Wisdom Tree Investments from $12.00 to $10.00 and set an “outperform” rating on the stock in a research note on Monday, October 29th. Finally, Zacks Investment Research upgraded Wisdom Tree Investments from a “sell” rating to a “hold” rating in a research note on Saturday, October 13th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $10.69.

Shares of WETF opened at $6.53 on Wednesday. Wisdom Tree Investments has a 12-month low of $6.36 and a 12-month high of $13.41. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.77 and a current ratio of 1.84. The stock has a market cap of $1.03 billion, a P/E ratio of 27.21, a PEG ratio of 0.76 and a beta of 2.18.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Wednesday, November 7th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date was Tuesday, November 6th. Wisdom Tree Investments’s payout ratio is 50.00%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Clearbridge Investments LLC boosted its holdings in Wisdom Tree Investments by 4.6% during the third quarter. Clearbridge Investments LLC now owns 6,090,103 shares of the asset manager’s stock valued at $51,644,000 after purchasing an additional 268,811 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Wisdom Tree Investments by 2.3% during the third quarter. Vanguard Group Inc. now owns 12,556,450 shares of the asset manager’s stock valued at $106,479,000 after purchasing an additional 277,925 shares in the last quarter. Legal & General Group Plc boosted its holdings in Wisdom Tree Investments by 7.8% during the third quarter. Legal & General Group Plc now owns 270,943 shares of the asset manager’s stock valued at $2,282,000 after purchasing an additional 19,579 shares in the last quarter. Standard Life Aberdeen plc boosted its holdings in Wisdom Tree Investments by 6.4% during the third quarter. Standard Life Aberdeen plc now owns 4,545,279 shares of the asset manager’s stock valued at $38,567,000 after purchasing an additional 272,344 shares in the last quarter. Finally, Teachers Advisors LLC boosted its holdings in Wisdom Tree Investments by 3.2% during the third quarter. Teachers Advisors LLC now owns 223,253 shares of the asset manager’s stock valued at $1,893,000 after purchasing an additional 6,929 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors.

About Wisdom Tree Investments

WisdomTree Investments, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.

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Earnings History and Estimates for Wisdom Tree Investments (NASDAQ:WETF)

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