WisdomTree Investments, Inc. (WETF) Earns “Sell” Rating from Keefe, Bruyette & Woods
Keefe, Bruyette & Woods reiterated their sell rating on shares of WisdomTree Investments, Inc. (NASDAQ:WETF) in a research note released on Thursday. The brokerage currently has a $9.25 price objective on the asset manager’s stock.
WETF has been the topic of several other reports. Gabelli reissued a buy rating on shares of WisdomTree Investments in a report on Monday, July 31st. Zacks Investment Research raised WisdomTree Investments from a hold rating to a buy rating and set a $11.00 target price on the stock in a report on Tuesday, July 4th. Northland Securities reissued a hold rating and issued a $10.50 target price on shares of WisdomTree Investments in a report on Sunday, July 30th. BidaskClub downgraded WisdomTree Investments from a buy rating to a hold rating in a report on Monday, July 31st. Finally, Jefferies Group LLC reissued a buy rating and issued a $14.00 target price on shares of WisdomTree Investments in a report on Wednesday, June 28th. Five analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $10.25.
Shares of WisdomTree Investments (NASDAQ WETF) opened at 9.25 on Thursday. WisdomTree Investments has a 52-week low of $7.87 and a 52-week high of $13.32. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 42.05 and a beta of 3.14. The company has a 50-day moving average price of $9.25 and a 200-day moving average price of $9.38.
WisdomTree Investments (NASDAQ:WETF) last released its earnings results on Friday, July 28th. The asset manager reported $0.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.02. WisdomTree Investments had a return on equity of 15.41% and a net margin of 13.33%. The business had revenue of $63.40 million for the quarter, compared to the consensus estimate of $57.27 million. During the same period in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. On average, equities analysts anticipate that WisdomTree Investments will post $0.26 earnings per share for the current year.
In other news, Director Bruce I. Lavine sold 10,289 shares of the company’s 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 filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 16.60% of the company’s stock.
A number of institutional investors have recently bought and sold shares of WETF. BlackRock Inc. increased its position in WisdomTree Investments by 25,214.1% during the first quarter. BlackRock Inc. now owns 13,399,791 shares of the asset manager’s stock valued at $121,669,000 after acquiring an additional 13,346,857 shares during the last quarter. Clarity Capital KCPS Ltd. purchased a new stake in WisdomTree Investments during the first quarter valued at $530,215,000. Janus Henderson Group PLC purchased a new stake in WisdomTree Investments during the second quarter valued at $46,241,000. Capital World Investors increased its position in WisdomTree Investments by 123.0% during the second 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. Finally, TimesSquare Capital Management LLC increased its position in WisdomTree Investments by 67.9% during the first quarter. TimesSquare Capital Management LLC now owns 7,383,500 shares of the asset manager’s stock valued at $67,042,000 after acquiring an additional 2,987,215 shares during the last quarter. Institutional investors own 92.49% of the company’s stock.
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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