Traders Buy High Volume of WisdomTree Investments Call Options (WETF)
WisdomTree Investments, Inc. (NASDAQ:WETF) was the recipient of some unusual options trading on Tuesday. Traders acquired 5,027 call options on the company. This represents an increase of 1,410% compared to the average volume of 333 call options.
Shares of WisdomTree Investments (WETF) opened at $13.19 on Friday. The company has a market capitalization of $1,810.00, a price-to-earnings ratio of 59.95, a price-to-earnings-growth ratio of 2.01 and a beta of 3.16. WisdomTree Investments has a 12-month low of $7.87 and a 12-month high of $13.20.
WisdomTree Investments (NASDAQ:WETF) last posted its earnings results on Friday, October 27th. The asset manager reported $0.06 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.06. The company had revenue of $57.99 million for the quarter, compared to the consensus estimate of $57.89 million. WisdomTree Investments had a return on equity of 15.47% and a net margin of 12.98%. WisdomTree Investments’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 earnings per share. analysts expect that WisdomTree Investments will post 0.25 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the business. Advisor Group Inc. boosted its position in WisdomTree Investments by 12.4% during the second quarter. Advisor Group Inc. now owns 15,383 shares of the asset manager’s stock worth $157,000 after purchasing an additional 1,700 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in WisdomTree Investments during the second quarter worth $252,000. TIAA CREF Investment Management LLC boosted its position in WisdomTree Investments by 0.3% during the second quarter. TIAA CREF Investment Management LLC now owns 310,856 shares of the asset manager’s stock worth $3,161,000 after purchasing an additional 1,011 shares in the last quarter. New York State Common Retirement Fund boosted its position in WisdomTree Investments by 13.7% during the second quarter. New York State Common Retirement Fund now owns 228,614 shares of the asset manager’s stock worth $2,325,000 after purchasing an additional 27,608 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in WisdomTree Investments by 3.2% during 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. Institutional investors own 89.41% of the company’s stock.
A number of analysts recently weighed in on WETF shares. BidaskClub downgraded WisdomTree Investments from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 14th. 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 target on the stock. Citigroup restated a “buy” rating and issued a $15.00 price target on shares of WisdomTree Investments in a research note on Monday, October 30th. Zacks Investment Research upgraded WisdomTree Investments from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Saturday, January 6th. Finally, Jefferies Group restated a “buy” rating and issued a $15.00 price target on shares of WisdomTree Investments in a research note on Thursday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $11.94.
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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