Q1 2018 EPS Estimates for WisdomTree Investments, Inc. Boosted by Jefferies Group (WETF)
WisdomTree Investments, Inc. (NASDAQ:WETF) – Investment analysts at Jefferies Group raised their Q1 2018 earnings per share (EPS) estimates for shares of WisdomTree Investments in a research report issued on Wednesday. Jefferies Group analyst S. Thind now anticipates that the asset manager will earn $0.10 per share for the quarter, up from their previous forecast of $0.08. Jefferies Group has a “Buy” rating and a $15.00 price target on the stock. Jefferies Group also issued estimates for WisdomTree Investments’ Q2 2018 earnings at $0.13 EPS, Q3 2018 earnings at $0.13 EPS, Q4 2018 earnings at $0.15 EPS, FY2018 earnings at $0.51 EPS and FY2019 earnings at $0.66 EPS.
WisdomTree Investments (NASDAQ:WETF) last released its quarterly earnings data on Friday, October 27th. The asset manager reported $0.06 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.06. WisdomTree Investments had a return on equity of 15.47% and a net margin of 12.98%. The business had revenue of $57.99 million for the quarter, compared to the consensus estimate of $57.89 million. During the same quarter in the previous year, the company posted $0.06 EPS. The company’s revenue was up 12.0% compared to the same quarter last year.
WETF has been the topic of a number of other research reports. Deutsche Bank started coverage on WisdomTree Investments in a research note on Tuesday, October 17th. They issued a “buy” rating and a $13.00 price objective on the stock. Zacks Investment Research downgraded WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Keefe, Bruyette & Woods reaffirmed a “sell” rating and issued a $9.25 price objective on shares of WisdomTree Investments in a research note on Thursday, September 21st. BidaskClub raised WisdomTree Investments from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 6th. Finally, UBS Group lifted their price objective on WisdomTree Investments from $8.00 to $8.50 and gave the stock a “sell” rating in a research note on Tuesday, November 14th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $11.94.
WisdomTree Investments (NASDAQ:WETF) traded up $0.28 during trading hours on Thursday, reaching $13.19. The company’s stock had a trading volume of 720,100 shares, compared to its average volume of 1,098,012. WisdomTree Investments has a 1-year low of $7.87 and a 1-year high of $13.20. The company has a market cap of $1,810.00, a P/E ratio of 59.95, a price-to-earnings-growth ratio of 2.01 and a beta of 3.16.
In other news, Director Frank Salerno sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $11.71, for a total transaction of $585,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 16.60% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in WETF. Janus Henderson Group PLC bought a new position in shares of WisdomTree Investments during the 2nd quarter valued at approximately $46,241,000. Capital World Investors grew its position in WisdomTree Investments by 123.0% in the 2nd quarter. Capital World Investors now owns 6,800,000 shares of the asset manager’s stock valued at $69,156,000 after acquiring an additional 3,750,000 shares during the last quarter. Wells Fargo & Company MN grew its position in WisdomTree Investments by 43.2% in the 2nd quarter. Wells Fargo & Company MN now owns 1,117,232 shares of the asset manager’s stock valued at $11,362,000 after acquiring an additional 337,097 shares during the last quarter. Vanguard Group Inc. grew its position in WisdomTree Investments by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 10,709,512 shares of the asset manager’s stock valued at $108,916,000 after acquiring an additional 327,661 shares during the last quarter. Finally, Junto Capital Management LP bought a new position in WisdomTree Investments in the 2nd quarter valued at $2,757,000. 89.41% of the stock is currently owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for WisdomTree Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WisdomTree Investments and related companies with MarketBeat.com's FREE daily email newsletter.