Jefferies Group Brokers Lower Earnings Estimates for WisdomTree Investments, Inc. (NASDAQ:WETF)
WisdomTree Investments, Inc. (NASDAQ:WETF) – Jefferies Group decreased their Q3 2017 earnings per share estimates for shares of WisdomTree Investments in a report released on Tuesday. Jefferies Group analyst S. Thind now expects that the asset manager will post earnings per share of $0.05 for the quarter, down from their previous estimate of $0.06. Jefferies Group has a “Buy” rating and a $14.00 price target on the stock. Jefferies Group also issued estimates for WisdomTree Investments’ FY2018 earnings at $0.33 EPS.
WETF has been the topic of a number of other reports. Citigroup Inc. raised WisdomTree Investments from a “neutral” rating to a “buy” rating and set a $10.50 price objective on the stock in a report on Monday, May 15th. Zacks Investment Research downgraded WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Wednesday, March 15th. BidaskClub upgraded WisdomTree Investments from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Keefe, Bruyette & Woods restated a “sell” rating and issued a $8.00 target price on shares of WisdomTree Investments in a research note on Monday, April 10th. Finally, Goldman Sachs Group, Inc. (The) upped their target price on WisdomTree Investments from $7.00 to $8.00 and gave the stock a “sell” rating in a research note on Wednesday, March 15th. Three equities research analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $10.36.
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Shares of WisdomTree Investments (WETF) opened at 10.60 on Wednesday. WisdomTree Investments has a 12-month low of $7.87 and a 12-month high of $13.32. The company has a 50-day moving average price of $9.69 and a 200 day moving average price of $9.69. The company has a market capitalization of $1.43 billion, a P/E ratio of 70.67 and a beta of 3.10.
WisdomTree Investments (NASDAQ:WETF) last released its quarterly earnings data on Friday, April 28th. The asset manager reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. WisdomTree Investments had a return on equity of 11.15% and a net margin of 9.83%. The company had revenue of $54.60 million during the quarter, compared to the consensus estimate of $53.38 million. During the same period last year, the company earned $0.09 EPS. WisdomTree Investments’s revenue for the quarter was down 10.3% on a year-over-year basis.
Several large investors have recently modified their holdings of WETF. Louisiana State Employees Retirement System boosted its stake in shares of WisdomTree Investments by 66.1% in the first quarter. Louisiana State Employees Retirement System now owns 47,000 shares of the asset manager’s stock worth $427,000 after buying an additional 18,700 shares during the last quarter. Capstone Asset Management Co. purchased a new stake in shares of WisdomTree Investments during the first quarter worth $120,000. Bank of Montreal Can boosted its stake in shares of WisdomTree Investments by 427.4% in the first quarter. Bank of Montreal Can now owns 49,722 shares of the asset manager’s stock worth $451,000 after buying an additional 40,294 shares during the last quarter. Carroll Financial Associates Inc. boosted its stake in shares of WisdomTree Investments by 82.0% in the first quarter. Carroll Financial Associates Inc. now owns 40,680 shares of the asset manager’s stock worth $369,000 after buying an additional 18,330 shares during the last quarter. Finally, Koshinski Asset Management Inc. boosted its stake in shares of WisdomTree Investments by 41.4% in the first quarter. Koshinski Asset Management Inc. now owns 69,119 shares of the asset manager’s stock worth $628,000 after buying an additional 20,249 shares during the last quarter. 95.28% of the stock is owned by institutional investors and hedge funds.
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 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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