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. It develops index using its fundamentally weighted index methodology. In addition, the company provides investment advisory services. The company was founded in 1985 and is based in New York, New York.
WisdomTree Investments Stock Up 0.9 %
Shares of NASDAQ:WETF traded up $0.05 during mid-day trading on Friday, hitting $5.38. The company had a trading volume of 1,435,857 shares, compared to its average volume of 764,743. WisdomTree Investments has a 1-year low of $4.80 and a 1-year high of $6.92. The company has a market capitalization of $788.65 million, a PE ratio of 67.26 and a beta of 1.53. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.17 and a quick ratio of 0.63. The business's 50-day simple moving average is $5.30 and its 200 day simple moving average is $7.20.
WisdomTree Investments (NASDAQ:WETF - Get Rating) last announced its quarterly earnings data on Friday, July 29th. The asset manager reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.01). The firm had revenue of $77.25 million during the quarter, compared to analyst estimates of $76.68 million. WisdomTree Investments had a net margin of 4.72% and a return on equity of 22.05%. On average, analysts predict that WisdomTree Investments will post 0.3 earnings per share for the current year.
WisdomTree Investments Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, August 9th. This represents a $0.12 annualized dividend and a yield of 2.23%. WisdomTree Investments's dividend payout ratio is currently 150.02%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. Morgan Stanley decreased their target price on WisdomTree Investments from $6.75 to $6.00 and set an "equal weight" rating on the stock in a research report on Thursday, June 30th. StockNews.com upgraded WisdomTree Investments from a "sell" rating to a "hold" rating in a research report on Monday, August 1st. Deutsche Bank Aktiengesellschaft cut their price objective on WisdomTree Investments from $6.00 to $5.00 and set a "hold" rating for the company in a research report on Wednesday, July 13th. Keefe, Bruyette & Woods cut shares of WisdomTree Investments from an "outperform" rating to a "market perform" rating and dropped their price target for the company from $7.25 to $6.00 in a research report on Tuesday, June 28th. Finally, The Goldman Sachs Group decreased their price objective on shares of WisdomTree Investments from $5.00 to $4.50 and set a "sell" rating on the stock in a report on Wednesday, June 29th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $5.38.