Wisdom Tree Investments Inc (NASDAQ:WETF) has been assigned a consensus recommendation of “Hold” from the thirteen brokerages that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $11.00.

Several research firms have recently issued reports on WETF. Zacks Investment Research upgraded Wisdom Tree Investments from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Morgan Stanley decreased their price objective on Wisdom Tree Investments from $11.00 to $10.00 and set an “equal weight” rating on the stock in a report on Thursday, August 2nd. ValuEngine cut Wisdom Tree Investments from a “sell” rating to a “strong sell” rating in a report on Thursday, August 2nd. Citigroup cut Wisdom Tree Investments from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $10.00 to $7.00 in a report on Tuesday, July 31st. Finally, Gabelli restated a “buy” rating on shares of Wisdom Tree Investments in a report on Monday, July 30th.

Institutional investors and hedge funds have recently modified their holdings of the stock. Vident Investment Advisory LLC purchased a new position in shares of Wisdom Tree Investments in the 2nd quarter worth $100,000. Fox Run Management L.L.C. purchased a new position in shares of Wisdom Tree Investments in the 2nd quarter worth $101,000. 3D Asset Management Inc. purchased a new position in shares of Wisdom Tree Investments in the 1st quarter worth $102,000. Sciencast Management LP purchased a new position in shares of Wisdom Tree Investments in the 1st quarter worth $111,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in Wisdom Tree Investments in the first quarter valued at about $114,000. 71.40% of the stock is currently owned by institutional investors and hedge funds.

Shares of WETF stock traded up $0.28 during mid-day trading on Friday, hitting $8.11. 125,508 shares of the company’s stock were exchanged, compared to its average volume of 947,633. Wisdom Tree Investments has a fifty-two week low of $7.57 and a fifty-two week high of $13.41. The company has a quick ratio of 1.57, a current ratio of 1.63 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 32.63, a price-to-earnings-growth ratio of 1.45 and a beta of 2.47.

Wisdom Tree Investments (NASDAQ:WETF) last posted its quarterly earnings data on Friday, July 27th. The asset manager reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. Wisdom Tree Investments had a return on equity of 16.31% and a net margin of 13.54%. The business had revenue of $74.80 million for the quarter, compared to analysts’ expectations of $75.22 million. During the same quarter last year, the firm earned $0.06 earnings per share. The business’s revenue was up 33.1% on a year-over-year basis. analysts anticipate that Wisdom Tree Investments will post 0.36 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 22nd. Investors of record on Wednesday, August 8th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Tuesday, August 7th. Wisdom Tree Investments’s dividend payout ratio (DPR) is currently 50.00%.

Wisdom Tree Investments Company Profile

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.

See Also: The Role of a Fiduciary and Individual Investors

Analyst Recommendations for Wisdom Tree Investments (NASDAQ:WETF)

Receive News & Ratings for Wisdom Tree Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wisdom Tree Investments and related companies with MarketBeat.com's FREE daily email newsletter.