WisdomTree Investments (NASDAQ:WETF) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

WisdomTree Investments (NASDAQ:WETF – Get Rating) announced its earnings results on Friday. The asset manager reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01, MarketWatch Earnings reports. WisdomTree Investments had a net margin of 16.18% and a return on equity of 23.10%. The firm had revenue of $78.40 million during the quarter, compared to the consensus estimate of $78.74 million. During the same quarter in the previous year, the company posted $0.08 EPS. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis.

Shares of NASDAQ:WETF opened at $5.83 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.11 and a current ratio of 3.63. WisdomTree Investments has a 1 year low of $5.08 and a 1 year high of $7.38. The stock has a market capitalization of $854.60 million, a P/E ratio of 18.81 and a beta of 1.71. The stock has a 50-day simple moving average of $8.19 and a 200-day simple moving average of $10.86.

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 23rd. Stockholders of record on Wednesday, February 9th were issued a dividend of $0.06 per share. The ex-dividend date was Tuesday, February 8th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 4.12%. This is a boost from WisdomTree Investments’s previous quarterly dividend of $0.03. WisdomTree Investments’s payout ratio is presently 38.71%.

Several analysts have commented on WETF shares. Deutsche Bank Aktiengesellschaft lowered their price target on WisdomTree Investments from $7.00 to $6.00 in a report on Thursday, April 7th. Morgan Stanley lowered their price target on WisdomTree Investments from $7.00 to $6.75 in a report on Friday, April 8th. StockNews.com started coverage on WisdomTree Investments in a report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Zacks Investment Research cut WisdomTree Investments from a “buy” rating to a “hold” rating in a report on Friday, March 11th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $10.44.

In other news, CEO Jonathan L. Steinberg sold 153,913 shares of the business’s stock in a transaction dated Tuesday, February 15th. The stock was sold at an average price of $5.87, for a total transaction of $903,469.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.00% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in WETF. Norges Bank acquired a new position in WisdomTree Investments during the 4th quarter worth approximately $6,735,000. Morgan Stanley lifted its position in WisdomTree Investments by 51.6% during the 2nd quarter. Morgan Stanley now owns 1,700,384 shares of the asset manager’s stock worth $10,542,000 after acquiring an additional 578,514 shares in the last quarter. Millennium Management LLC raised its position in shares of WisdomTree Investments by 57.4% in the 4th quarter. Millennium Management LLC now owns 1,308,213 shares of the asset manager’s stock valued at $8,006,000 after purchasing an additional 477,134 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of WisdomTree Investments by 156.2% in the 4th quarter. JPMorgan Chase & Co. now owns 373,358 shares of the asset manager’s stock valued at $2,285,000 after purchasing an additional 227,648 shares in the last quarter. Finally, State Street Corp raised its position in shares of WisdomTree Investments by 4.4% in the 4th quarter. State Street Corp now owns 4,546,910 shares of the asset manager’s stock valued at $27,827,000 after purchasing an additional 189,606 shares in the last quarter. 80.73% of the stock is currently owned by hedge funds and other institutional investors.

WisdomTree Investments Company Profile (Get Rating)

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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