WisdomTree Investments Inc. (WETF) to Post FY2016 Earnings of $0.21 Per Share, Jefferies Group Forecasts
WisdomTree Investments Inc. (NASDAQ:WETF) – Jefferies Group upped their FY2016 earnings estimates for WisdomTree Investments in a note issued to investors on Tuesday. Jefferies Group analyst S. Thind now anticipates that the brokerage will post earnings of $0.21 per share for the year, up from their prior forecast of $0.20. Jefferies Group has a “Buy” rating on the stock. Jefferies Group also issued estimates for WisdomTree Investments’ Q4 2016 earnings at $0.05 EPS and FY2017 earnings at $0.23 EPS.
WETF has been the topic of a number of other research reports. Zacks Investment Research raised WisdomTree Investments from a “sell” rating to a “hold” rating in a research note on Wednesday, September 14th. Bank of America Corp. lowered WisdomTree Investments from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 28th. Credit Suisse Group AG reissued a “buy” rating on shares of WisdomTree Investments in a research note on Monday, August 1st. Finally, Citigroup Inc. reissued a “sell” rating and set a $6.00 price target on shares of WisdomTree Investments in a research note on Tuesday, June 21st. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. WisdomTree Investments presently has a consensus rating of “Hold” and a consensus target price of $13.85.
WisdomTree Investments (NASDAQ:WETF) opened at 9.49 on Thursday. The company’s 50-day moving average price is $10.21 and its 200 day moving average price is $10.69. WisdomTree Investments has a 1-year low of $8.70 and a 1-year high of $22.33. The firm has a market capitalization of $1.27 billion, a PE ratio of 22.02 and a beta of 2.65.
WisdomTree Investments (NASDAQ:WETF) last released its earnings results on Friday, July 29th. The company reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.04. WisdomTree Investments had a return on equity of 26.72% and a net margin of 21.72%. The firm earned $55.98 million during the quarter, compared to analysts’ expectations of $55.01 million. During the same period in the previous year, the firm posted $0.18 EPS. WisdomTree Investments’s revenue for the quarter was down 31.4% on a year-over-year basis.
Several hedge funds have recently made changes to their positions in the stock. State Street Corp increased its stake in shares of WisdomTree Investments by 1.7% in the first quarter. State Street Corp now owns 4,014,062 shares of the company’s stock valued at $45,880,000 after buying an additional 67,371 shares in the last quarter. Wellington Management Group LLP increased its position in WisdomTree Investments by 25.9% in the first quarter. Wellington Management Group LLP now owns 19,218,783 shares of the company’s stock worth $219,671,000 after buying an additional 3,956,785 shares during the period. BlackRock Inc. increased its position in WisdomTree Investments by 11.0% in the first quarter. BlackRock Inc. now owns 45,995 shares of the company’s stock worth $526,000 after buying an additional 4,550 shares during the period. Wealthsource Partners LLC purchased a new position in WisdomTree Investments during the first quarter worth approximately $188,000. Finally, JPMorgan Chase & Co. increased its position in WisdomTree Investments by 885.3% in the first quarter. JPMorgan Chase & Co. now owns 626,640 shares of the company’s stock worth $7,162,000 after buying an additional 563,043 shares during the period. Institutional investors own 96.12% of the company’s stock.
In other WisdomTree Investments news, Director Anthony Bossone bought 50,000 shares of the stock in a transaction dated Tuesday, August 2nd. The stock was bought at an average cost of $9.90 per share, for a total transaction of $495,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jonathan L. Steinberg bought 250,000 shares of the stock in a transaction dated Friday, August 19th. The shares were acquired at an average price of $10.16 per share, with a total value of $2,540,000.00. The disclosure for this purchase can be found here. 16.10% of the stock is owned by corporate insiders.
WisdomTree Investments Company Profile
WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (ETFs). The Company’s family of ETFs includes fundamentally weighted funds that track its own indexes, funds that track third party indexes and actively managed funds. The Company operates through exchange traded products (ETP) sponsor and asset manager providing investment advisory services segment.
Receive News & Stock Ratings for WisdomTree Investments Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WisdomTree Investments Inc. and related stocks with our FREE daily email newsletter.