WisdomTree Investments, Inc. (WETF) Posts Earnings Results, Hits Expectations

WisdomTree Investments, Inc. (NASDAQ:WETF) posted its quarterly earnings data on Friday. The asset manager reported $0.06 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.06, MarketWatch Earnings reports. WisdomTree Investments had a return on equity of 24.27% and a net margin of 21.42%. The firm had revenue of $57.99 million during the quarter, compared to analysts’ expectations of $57.89 million. During the same quarter last year, the firm earned $0.06 EPS. The business’s quarterly revenue was up 12.0% on a year-over-year basis.

Shares of WisdomTree Investments (NASDAQ WETF) traded up 2.48% during trading on Friday, hitting $11.56. The company had a trading volume of 2,378,928 shares. WisdomTree Investments has a 52-week low of $7.87 and a 52-week high of $13.32. The firm has a market capitalization of $1.56 billion, a P/E ratio of 52.55 and a beta of 3.15. The stock’s 50-day moving average is $10.20 and its 200 day moving average is $9.68.

A number of analysts have commented on WETF shares. Zacks Investment Research raised WisdomTree Investments from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Tuesday, July 4th. ValuEngine cut WisdomTree Investments from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Northland Securities reaffirmed a “hold” rating and set a $10.50 price target on shares of WisdomTree Investments in a research report on Sunday, July 30th. UBS AG reaffirmed a “sell” rating and set a $8.00 price target (up previously from $7.50) on shares of WisdomTree Investments in a research report on Monday, July 31st. Finally, BidaskClub cut WisdomTree Investments from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Six investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $10.75.

In other news, Director Bruce I. Lavine sold 19,849 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $9.95, for a total transaction of $197,497.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 16.10% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of WisdomTree Investments by 25,214.1% during the 1st quarter. BlackRock Inc. now owns 13,399,791 shares of the asset manager’s stock worth $121,669,000 after purchasing an additional 13,346,857 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of WisdomTree Investments by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 10,709,512 shares of the asset manager’s stock worth $108,916,000 after purchasing an additional 327,661 shares in the last quarter. TimesSquare Capital Management LLC increased its stake in shares of WisdomTree Investments by 7.5% during the 2nd quarter. TimesSquare Capital Management LLC now owns 7,936,900 shares of the asset manager’s stock worth $80,718,000 after purchasing an additional 553,400 shares in the last quarter. Capital World Investors increased its stake in shares of WisdomTree Investments by 123.0% during the 2nd quarter. Capital World Investors now owns 6,800,000 shares of the asset manager’s stock worth $69,156,000 after purchasing an additional 3,750,000 shares in the last quarter. Finally, Clearbridge Investments LLC increased its stake in shares of WisdomTree Investments by 50.0% during the 1st quarter. Clearbridge Investments LLC now owns 4,805,561 shares of the asset manager’s stock worth $43,634,000 after purchasing an additional 1,602,505 shares in the last quarter. 92.54% of the stock is owned by institutional investors and hedge funds.

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WisdomTree Investments Company Profile

WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (ETFs). The Company’s family of ETFs includes funds that track its own indexes, funds that track third party indexes and actively managed funds. It operates as an exchange traded products sponsor and asset manager providing investment advisory services in the United States, Europe, Canada and Japan.

Earnings History for WisdomTree Investments (NASDAQ:WETF)

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