Wisdom Tree Investments (WETF) Given a $9.00 Price Target by Morgan Stanley Analysts

Morgan Stanley set a $9.00 target price on Wisdom Tree Investments (NASDAQ:WETF) in a research report sent to investors on Wednesday morning. The brokerage currently has a hold rating on the asset manager’s stock.

A number of other research analysts have also issued reports on the stock. Citigroup dropped their price objective on shares of Wisdom Tree Investments from $7.00 to $6.00 and set a sell rating for the company in a report on Thursday, September 20th. ValuEngine upgraded shares of Wisdom Tree Investments from a strong sell rating to a sell rating in a report on Wednesday, October 3rd. Gabelli reiterated a buy rating on shares of Wisdom Tree Investments in a report on Monday, July 30th. Credit Suisse Group dropped their price objective on shares of Wisdom Tree Investments from $12.00 to $10.00 and set an outperform rating for the company in a report on Monday, October 29th. Finally, Zacks Investment Research upgraded shares of Wisdom Tree Investments from a sell rating to a hold rating in a report on Saturday, October 13th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Wisdom Tree Investments has a consensus rating of Hold and a consensus target price of $10.69.

WETF stock opened at $7.44 on Wednesday. The stock has a market capitalization of $1.14 billion, a PE ratio of 24.80, a P/E/G ratio of 0.84 and a beta of 2.23. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.84 and a quick ratio of 1.77. Wisdom Tree Investments has a 12 month low of $6.59 and a 12 month high of $13.41.

Wisdom Tree Investments (NASDAQ:WETF) last posted its earnings results on Friday, October 26th. The asset manager reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. The firm had revenue of $72.57 million during the quarter, compared to analysts’ expectations of $72.32 million. Wisdom Tree Investments had a net margin of 18.05% and a return on equity of 16.22%. The business’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.06 earnings per share. As a group, analysts anticipate that Wisdom Tree Investments will post 0.35 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Wednesday, November 7th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Tuesday, November 6th. Wisdom Tree Investments’s dividend payout ratio is presently 50.00%.

A number of large investors have recently added to or reduced their stakes in WETF. Victory Capital Management Inc. acquired a new stake in Wisdom Tree Investments during the 2nd quarter valued at approximately $22,638,000. BlackRock Inc. increased its position in Wisdom Tree Investments by 11.0% during the 3rd quarter. BlackRock Inc. now owns 16,854,632 shares of the asset manager’s stock valued at $142,927,000 after purchasing an additional 1,669,071 shares during the period. Janus Henderson Group PLC increased its position in Wisdom Tree Investments by 30.1% during the 2nd quarter. Janus Henderson Group PLC now owns 5,843,638 shares of the asset manager’s stock valued at $53,060,000 after purchasing an additional 1,352,345 shares during the period. FMR LLC increased its position in Wisdom Tree Investments by 33.7% during the 2nd quarter. FMR LLC now owns 3,488,433 shares of the asset manager’s stock valued at $31,676,000 after purchasing an additional 878,486 shares during the period. Finally, McGuire Investment Group LLC acquired a new stake in Wisdom Tree Investments during the 3rd quarter valued at approximately $3,578,000. 69.72% of the stock is 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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