FY2018 EPS Estimates for WisdomTree Investments, Inc. (WETF) Cut by Jefferies Group
WisdomTree Investments, Inc. (NASDAQ:WETF) – Equities researchers at Jefferies Group reduced their FY2018 earnings estimates for shares of WisdomTree Investments in a research report issued on Tuesday. Jefferies Group analyst S. Thind now expects that the asset manager will post earnings per share of $0.33 for the year, down from their previous estimate of $0.34. Jefferies Group currently has a “Buy” rating and a $14.00 target price on the stock. Jefferies Group also issued estimates for WisdomTree Investments’ FY2019 earnings at $0.43 EPS.
Several other analysts also recently weighed in on WETF. Keefe, Bruyette & Woods reaffirmed an “underperform” rating on shares of WisdomTree Investments in a research note on Thursday, August 10th. BidaskClub downgraded WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. ValuEngine raised WisdomTree Investments from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Gabelli reaffirmed a “buy” rating on shares of WisdomTree Investments in a research note on Monday, July 31st. Finally, Zacks Investment Research downgraded WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Six investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $10.33.
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WisdomTree Investments (WETF) traded up 2.000% on Thursday, hitting $10.965. The stock had a trading volume of 636,995 shares. The company’s 50 day moving average price is $9.50 and its 200-day moving average price is $9.49. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 49.841 and a beta of 3.15. WisdomTree Investments has a 12-month low of $7.87 and a 12-month high of $13.32.
WisdomTree Investments (NASDAQ:WETF) last released its earnings results on Friday, July 28th. The asset manager reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.02. The business had revenue of $63.40 million for the quarter, compared to analyst estimates of $57.27 million. WisdomTree Investments had a return on equity of 15.41% and a net margin of 13.33%. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 earnings per share.
Several hedge funds have recently modified their holdings of the company. Aberdeen Asset Management PLC UK grew its holdings in shares of WisdomTree Investments by 8.1% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 2,962,738 shares of the asset manager’s stock worth $30,131,000 after acquiring an additional 222,963 shares during the last quarter. BlackRock Inc. grew its holdings in shares of WisdomTree Investments by 25,214.1% in the 1st quarter. BlackRock Inc. now owns 13,399,791 shares of the asset manager’s stock worth $121,669,000 after acquiring an additional 13,346,857 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of WisdomTree Investments by 94.0% in the 1st quarter. Principal Financial Group Inc. now owns 888,209 shares of the asset manager’s stock worth $8,065,000 after acquiring an additional 430,388 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in shares of WisdomTree Investments in the 2nd quarter worth $296,000. Finally, UBS Group AG grew its holdings in shares of WisdomTree Investments by 7.2% in the 1st quarter. UBS Group AG now owns 445,432 shares of the asset manager’s stock worth $4,045,000 after acquiring an additional 29,892 shares during the last quarter. Institutional investors own 92.49% of the company’s stock.
In other news, Director Bruce I. Lavine sold 10,289 shares of WisdomTree Investments stock in a transaction on Friday, August 4th. The stock was sold at an average price of $10.10, for a total transaction of $103,918.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 16.10% of the stock is currently owned by company insiders.
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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