WisdomTree Investments, Inc. (NASDAQ:WETF) – Research analysts at William Blair upped their Q1 2018 EPS estimates for shares of WisdomTree Investments in a note issued to investors on Wednesday. William Blair analyst C. Shutler now anticipates that the asset manager will post earnings of $0.09 per share for the quarter, up from their prior forecast of $0.06. William Blair also issued estimates for WisdomTree Investments’ Q2 2018 earnings at $0.09 EPS, Q3 2018 earnings at $0.10 EPS and Q4 2018 earnings at $0.11 EPS.
A number of other research firms have also weighed in on WETF. Zacks Investment Research raised shares of WisdomTree Investments from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Saturday, January 6th. Jefferies Group reaffirmed a “buy” rating and issued a $15.00 price objective on shares of WisdomTree Investments in a research note on Thursday, January 11th. BidaskClub raised shares of WisdomTree Investments from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 22nd. Keefe, Bruyette & Woods raised shares of WisdomTree Investments from an “underperform” rating to a “mkt perform” rating in a research note on Tuesday, November 14th. Finally, Deutsche Bank initiated coverage on shares of WisdomTree Investments in a research note on Tuesday, October 17th. They issued a “buy” rating and a $13.00 price objective on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $11.94.
WisdomTree Investments (NASDAQ:WETF) last issued its earnings results on Friday, October 27th. The asset manager reported $0.06 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. The business had revenue of $57.99 million for the quarter, compared to analyst estimates of $57.89 million. WisdomTree Investments had a net margin of 12.98% and a return on equity of 15.47%. WisdomTree Investments’s revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 earnings per share.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Inc. lifted its position in shares of WisdomTree Investments by 12.4% during the second quarter. Advisor Group Inc. now owns 15,383 shares of the asset manager’s stock valued at $157,000 after purchasing an additional 1,700 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in WisdomTree Investments during the second quarter worth about $252,000. TIAA CREF Investment Management LLC increased its holdings in WisdomTree Investments by 0.3% during the second quarter. TIAA CREF Investment Management LLC now owns 310,856 shares of the asset manager’s stock worth $3,161,000 after buying an additional 1,011 shares during the last quarter. New York State Common Retirement Fund increased its holdings in WisdomTree Investments by 13.7% during the second quarter. New York State Common Retirement Fund now owns 228,614 shares of the asset manager’s stock worth $2,325,000 after buying an additional 27,608 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in WisdomTree Investments by 3.2% during the second quarter. Vanguard Group Inc. now owns 10,709,512 shares of the asset manager’s stock worth $108,916,000 after buying an additional 327,661 shares during the last quarter. 89.41% of the stock is currently owned by institutional investors.
In related news, Director Frank Salerno sold 50,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $11.71, for a total transaction of $585,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 16.10% of the stock is owned by company insiders.
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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 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.
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