BidaskClub upgraded shares of WisdomTree Investments (NASDAQ:WETF) from a buy rating to a strong-buy rating in a research note published on Friday, December 22nd.
A number of other research analysts have also issued reports on the company. Zacks Investment Research lowered WisdomTree Investments from a hold rating to a sell rating in a research report on Thursday, October 5th. Northland Securities reiterated a hold rating and set a $12.00 price target on shares of WisdomTree Investments in a research report on Sunday, October 29th. Keefe, Bruyette & Woods upgraded WisdomTree Investments from an underperform rating to a mkt perform rating in a research report on Tuesday, November 14th. Jefferies Group reiterated a buy rating and set a $14.00 price target on shares of WisdomTree Investments in a research report on Thursday, September 7th. Finally, Citigroup reiterated a buy rating and set a $15.00 price target on shares of WisdomTree Investments in a research report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Hold and a consensus target price of $11.94.
Shares of WisdomTree Investments (WETF) traded up $0.04 on Friday, hitting $13.23. The stock had a trading volume of 1,018,206 shares, compared to its average volume of 1,060,596. The firm has a market cap of $1,805.86, a price-to-earnings ratio of 60.14, a price-to-earnings-growth ratio of 2.17 and a beta of 3.16. WisdomTree Investments has a one year low of $7.87 and a one year high of $13.41.
WisdomTree Investments (NASDAQ:WETF) last issued its earnings results on Friday, October 27th. The asset manager reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. WisdomTree Investments had a return on equity of 15.47% and a net margin of 12.98%. The company had revenue of $57.99 million during the quarter, compared to analyst estimates of $57.89 million. During the same quarter last year, the firm earned $0.06 EPS. The business’s revenue was up 12.0% on a year-over-year basis. research analysts anticipate that WisdomTree Investments will post 0.25 earnings per share for the current fiscal year.
In other news, Director Frank Salerno sold 50,000 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $11.71, for a total transaction of $585,500.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 16.10% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of WETF. Bank of Montreal Can grew its holdings in shares of WisdomTree Investments by 0.7% during the second quarter. Bank of Montreal Can now owns 50,078 shares of the asset manager’s stock valued at $508,000 after buying an additional 356 shares in the last quarter. Aperio Group LLC grew its holdings in shares of WisdomTree Investments by 31.7% during the second quarter. Aperio Group LLC now owns 13,353 shares of the asset manager’s stock valued at $136,000 after buying an additional 3,212 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of WisdomTree Investments by 3.9% during the second quarter. Great West Life Assurance Co. Can now owns 166,748 shares of the asset manager’s stock valued at $1,694,000 after buying an additional 6,200 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of WisdomTree Investments by 0.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 476,715 shares of the asset manager’s stock valued at $4,849,000 after buying an additional 4,419 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of WisdomTree Investments by 0.8% during the second quarter. Rhumbline Advisers now owns 219,491 shares of the asset manager’s stock valued at $2,232,000 after buying an additional 1,729 shares in the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.
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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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