William Blair Comments on WisdomTree Investments, Inc.’s Q1 2018 Earnings (WETF)
WisdomTree Investments, Inc. (NASDAQ:WETF) – Investment analysts at William Blair upped their Q1 2018 earnings per share estimates for shares of WisdomTree Investments in a research note issued to investors on Wednesday. William Blair analyst C. Shutler now anticipates that the asset manager will earn $0.09 per share for the quarter, up from their previous estimate of $0.06. William Blair also issued estimates for WisdomTree Investments’ Q2 2018 earnings at $0.09 EPS, Q3 2018 earnings at $0.10 EPS and Q4 2018 earnings at $0.11 EPS.
WETF has been the topic of several other research reports. BidaskClub lowered shares of WisdomTree Investments from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 14th. Deutsche Bank initiated coverage on shares of WisdomTree Investments in a research report 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 report on Monday, October 30th. Zacks Investment Research upgraded shares of 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. Finally, Jefferies Group restated a “buy” rating and issued a $15.00 price target on shares of WisdomTree Investments in a research report on Thursday, January 11th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $11.94.
WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings data on Friday, October 27th. The asset manager reported $0.06 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.06. WisdomTree Investments had a net margin of 12.98% and a return on equity of 15.47%. The business had revenue of $57.99 million for the quarter, compared to analyst estimates of $57.89 million. During the same quarter last year, the business earned $0.06 earnings per share. The business’s revenue for the quarter was up 12.0% on a year-over-year basis.
In other WisdomTree Investments news, Director Frank Salerno sold 50,000 shares of WisdomTree Investments stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $11.71, for a total transaction of $585,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 16.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in WisdomTree Investments by 3.2% during the 2nd 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 position in WisdomTree Investments by 123.0% during the 2nd 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 purchased a new position in WisdomTree Investments during the 2nd quarter worth approximately $46,241,000. Jackson Square Partners LLC grew its position in WisdomTree Investments by 4.9% during the 3rd 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 position in WisdomTree Investments by 3.8% during the 2nd 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. Hedge funds and other institutional investors own 89.41% of the company’s stock.
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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