WisdomTree Investments (NASDAQ:WETF) – William Blair boosted their Q2 2018 earnings per share (EPS) estimates for WisdomTree Investments in a report released on Monday, April 16th. William Blair analyst C. Shutler now forecasts that the asset manager will earn $0.10 per share for the quarter, up from their previous forecast of $0.09. William Blair also issued estimates for WisdomTree Investments’ Q3 2018 earnings at $0.11 EPS.
A number of other analysts have also recently commented on WETF. BidaskClub upgraded WisdomTree Investments from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 22nd. Zacks Investment Research upgraded WisdomTree Investments from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Saturday, January 6th. Jefferies Group reiterated a “buy” rating and set a $15.00 price objective on shares of WisdomTree Investments in a research report on Thursday, January 11th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $12.00 price objective on shares of WisdomTree Investments in a research report on Friday, February 2nd. Finally, Bank of America dropped their price objective on WisdomTree Investments from $10.00 to $9.50 and set an “underperform” rating for the company in a research report on Monday, February 5th. Five equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. WisdomTree Investments presently has an average rating of “Hold” and a consensus price target of $11.83.
WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings data on Friday, February 2nd. The asset manager reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). The company had revenue of $61.39 million for the quarter, compared to analysts’ expectations of $60.89 million. WisdomTree Investments had a return on equity of 16.16% and a net margin of 11.46%. The company’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.03 EPS.
Large investors have recently modified their holdings of the business. Fisher Asset Management LLC boosted its stake in WisdomTree Investments by 1.9% in the 4th quarter. Fisher Asset Management LLC now owns 1,118,641 shares of the asset manager’s stock worth $14,039,000 after buying an additional 20,656 shares during the last quarter. Standard Life Aberdeen plc boosted its stake in WisdomTree Investments by 19.4% in the 4th quarter. Standard Life Aberdeen plc now owns 3,694,333 shares of the asset manager’s stock worth $46,383,000 after buying an additional 600,276 shares during the last quarter. Essex Investment Management Co. LLC acquired a new stake in WisdomTree Investments in the 4th quarter worth about $387,000. Schwab Charles Investment Management Inc. boosted its stake in WisdomTree Investments by 19.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 548,883 shares of the asset manager’s stock worth $6,889,000 after buying an additional 91,183 shares during the last quarter. Finally, Mackenzie Financial Corp acquired a new stake in WisdomTree Investments in the 4th quarter worth about $1,632,000. 86.35% of the stock is currently owned by hedge funds and other institutional investors.
In other WisdomTree Investments news, insider David J. Abner sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $10.52, for a total value of $263,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael H. Steinhardt sold 177,009 shares of the firm’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $9.94, for a total value of $1,759,469.46. The disclosure for this sale can be found here. Over the last three months, insiders sold 941,936 shares of company stock worth $9,354,156. 16.60% of the stock is owned by corporate insiders.
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About WisdomTree 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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