Wisdom Tree Investments (WETF) Given a $7.00 Price Target at Morgan Stanley

Morgan Stanley set a $7.00 target price on Wisdom Tree Investments (NASDAQ:WETF) in a report released on Friday morning. The firm currently has a hold rating on the asset manager’s stock.

A number of other research analysts have also recently issued reports on the stock. Credit Suisse Group cut shares of Wisdom Tree Investments from a neutral rating to a sell rating and set a $8.00 price objective for the company. in a report on Tuesday, February 5th. ValuEngine lowered shares of Wisdom Tree Investments from a sell rating to a strong sell rating in a research note on Monday, February 4th. Citigroup lowered shares of Wisdom Tree Investments from a neutral rating to a sell rating in a research note on Monday, February 4th. Finally, Zacks Investment Research raised shares of Wisdom Tree Investments from a sell rating to a hold rating in a research note on Saturday, January 19th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $8.70.

Shares of NASDAQ WETF opened at $5.97 on Friday. The company has a market cap of $913.62 million, a P/E ratio of 18.66, a PEG ratio of 2.25 and a beta of 1.66. The company has a quick ratio of 1.77, a current ratio of 1.84 and a debt-to-equity ratio of 0.52. Wisdom Tree Investments has a 52-week low of $5.73 and a 52-week high of $11.82.

Wisdom Tree Investments (NASDAQ:WETF) last issued its quarterly earnings data on Friday, February 1st. The asset manager reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.02). The firm had revenue of $67.90 million for the quarter, compared to analyst estimates of $68.18 million. Wisdom Tree Investments had a net margin of 13.33% and a return on equity of 16.32%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.04 EPS. As a group, equities research analysts predict that Wisdom Tree Investments will post 0.25 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 27th. Shareholders of record on Wednesday, February 13th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Tuesday, February 12th. Wisdom Tree Investments’s payout ratio is currently 37.50%.

In related news, insider Peter M. Ziemba purchased 16,000 shares of the business’s stock in a transaction on Monday, February 4th. The shares were purchased at an average price of $6.07 per share, with a total value of $97,120.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anthony Bossone purchased 50,000 shares of the business’s stock in a transaction on Monday, February 4th. The stock was bought at an average cost of $5.92 per share, for a total transaction of $296,000.00. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 164,500 shares of company stock worth $982,285. Insiders own 14.50% of the company’s stock.

Several hedge funds have recently made changes to their positions in WETF. Raymond James & Associates lifted its position in shares of Wisdom Tree Investments by 24.6% in the second quarter. Raymond James & Associates now owns 58,038 shares of the asset manager’s stock worth $527,000 after purchasing an additional 11,462 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of Wisdom Tree Investments by 26.6% in the second quarter. California Public Employees Retirement System now owns 77,020 shares of the asset manager’s stock worth $699,000 after purchasing an additional 16,202 shares in the last quarter. Northern Trust Corp lifted its position in shares of Wisdom Tree Investments by 3.7% in the second quarter. Northern Trust Corp now owns 1,644,128 shares of the asset manager’s stock worth $14,928,000 after purchasing an additional 58,327 shares in the last quarter. Clinton Group Inc. bought a new stake in shares of Wisdom Tree Investments in the third quarter worth $712,000. Finally, Strs Ohio lifted its position in shares of Wisdom Tree Investments by 42.9% in the third quarter. Strs Ohio now owns 200,000 shares of the asset manager’s stock worth $1,696,000 after purchasing an additional 60,000 shares in the last quarter. 71.04% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Wisdom Tree Investments (NASDAQ:WETF)

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