WisdomTree Investments (WETF) Earns “Buy” Rating from Jefferies Group
WisdomTree Investments (NASDAQ:WETF)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Group in a research report issued on Thursday. They presently have a $15.00 target price on the asset manager’s stock. Jefferies Group’s target price indicates a potential upside of 16.19% from the stock’s previous close.
Several other equities research analysts have also issued reports on the company. Zacks Investment Research raised WisdomTree Investments from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Saturday, January 6th. BidaskClub raised WisdomTree Investments from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 22nd. UBS Group upped their price target on WisdomTree Investments from $8.00 to $8.50 and gave the company a “sell” rating in a research report on Tuesday, November 14th. Keefe, Bruyette & Woods upgraded WisdomTree Investments from an “underperform” rating to a “mkt perform” rating in a research note on Tuesday, November 14th. Finally, Citigroup restated a “buy” rating and set a $15.00 price objective on shares of WisdomTree Investments in a research note on Monday, October 30th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $11.94.
Shares of WisdomTree Investments (NASDAQ WETF) opened at $12.91 on Thursday. The stock has a market capitalization of $1,770.00, a P/E ratio of 58.68, a P/E/G ratio of 2.01 and a beta of 3.16. WisdomTree Investments has a 52-week low of $7.87 and a 52-week high of $13.19.
WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings results on Friday, October 27th. The asset manager reported $0.06 earnings per share (EPS) for the quarter, meeting 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 return on equity of 15.47% and a net margin of 12.98%. The business’s revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.06 EPS. research analysts anticipate that WisdomTree Investments will post 0.25 EPS for the current year.
In related news, Director Frank Salerno sold 50,000 shares of the company’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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 16.60% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of WisdomTree Investments by 3.2% in the second quarter. Vanguard Group Inc. now owns 10,709,512 shares of the asset manager’s stock worth $108,916,000 after purchasing an additional 327,661 shares in the last quarter. Capital World Investors grew its stake in shares of WisdomTree Investments by 123.0% in the second quarter. Capital World Investors now owns 6,800,000 shares of the asset manager’s stock worth $69,156,000 after purchasing an additional 3,750,000 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of WisdomTree Investments in the second quarter worth $46,241,000. Jackson Square Partners LLC grew its stake in shares of WisdomTree Investments by 4.9% in the third quarter. Jackson Square Partners LLC now owns 3,310,365 shares of the asset manager’s stock worth $33,699,000 after purchasing an additional 153,705 shares in the last quarter. Finally, State Street Corp grew its stake in shares of WisdomTree Investments by 3.8% in the second quarter. State Street Corp now owns 3,002,162 shares of the asset manager’s stock worth $30,531,000 after purchasing an additional 110,032 shares in the last quarter. 89.41% of the stock is owned by institutional investors.
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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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