WisdomTree Investments Inc. (NASDAQ:WETF) – Jefferies Group boosted their FY2016 earnings per share estimates for WisdomTree Investments in a report issued on Tuesday. Jefferies Group analyst S. Thind now forecasts that the brokerage will post earnings of $0.21 per share for the year, up from their prior forecast of $0.20. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for WisdomTree Investments’ Q4 2016 earnings at $0.05 EPS and FY2017 earnings at $0.23 EPS.
WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.04. WisdomTree Investments had a net margin of 21.72% and a return on equity of 26.72%. The company earned $55.98 million during the quarter, compared to analyst estimates of $55.01 million. During the same period in the prior year, the business posted $0.18 EPS. The firm’s revenue was down 31.4% compared to the same quarter last year.
Several other research firms have also recently issued reports on WETF. Credit Suisse Group AG set a $14.00 price objective on shares of WisdomTree Investments and gave the company a “buy” rating in a research report on Saturday, September 17th. Citigroup Inc. reissued a “sell” rating and issued a $6.00 target price on shares of WisdomTree Investments in a report on Tuesday, June 21st. Zacks Investment Research lowered shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a report on Saturday, October 1st. Finally, Bank of America Corp. lowered shares of WisdomTree Investments from a “buy” rating to a “neutral” rating in a report on Tuesday, June 28th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. WisdomTree Investments has a consensus rating of “Hold” and an average price target of $13.85.
WisdomTree Investments (NASDAQ:WETF) traded down 3.672% during midday trading on Thursday, reaching $9.575. 1,577,403 shares of the company were exchanged. The company has a 50-day moving average of $10.22 and a 200 day moving average of $10.72. The firm has a market capitalization of $1.28 billion, a PE ratio of 22.216 and a beta of 2.65. WisdomTree Investments has a 52 week low of $8.70 and a 52 week high of $22.33.
In other WisdomTree Investments news, Director Anthony Bossone bought 50,000 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The stock was acquired at an average cost of $9.90 per share, for a total transaction of $495,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jonathan L. Steinberg bought 100,000 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The shares were acquired at an average price of $10.23 per share, with a total value of $1,023,000.00. The disclosure for this purchase can be found here. Insiders own 16.10% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Rational Advisors LLC purchased a new stake in WisdomTree Investments during the second quarter valued at $113,000. MSI Financial Services Inc increased its stake in WisdomTree Investments by 36.4% in the third quarter. MSI Financial Services Inc now owns 10,959 shares of the company’s stock valued at $113,000 after buying an additional 2,925 shares during the last quarter. Amalgamated Bank increased its stake in WisdomTree Investments by 10.4% in the second quarter. Amalgamated Bank now owns 13,840 shares of the company’s stock valued at $144,000 after buying an additional 1,304 shares during the last quarter. Carleon Capital Partners LLC increased its stake in WisdomTree Investments by 14.2% in the second quarter. Carleon Capital Partners LLC now owns 14,861 shares of the company’s stock valued at $145,000 after buying an additional 1,843 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in WisdomTree Investments by 17.5% in the second quarter. Victory Capital Management Inc. now owns 15,655 shares of the company’s stock valued at $153,000 after buying an additional 2,337 shares during the last quarter. Institutional investors and hedge funds own 96.12% of the company’s stock.
About WisdomTree Investments
WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (ETFs). The Company’s family of ETFs includes fundamentally weighted funds that track its own indexes, funds that track third party indexes and actively managed funds. The Company operates through exchange traded products (ETP) sponsor and asset manager providing investment advisory services segment.
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