FY2018 EPS Estimates for WisdomTree Investments, Inc. (WETF) Boosted by William Blair

WisdomTree Investments, Inc. (NASDAQ:WETF) – Analysts at William Blair raised their FY2018 earnings estimates for WisdomTree Investments in a research note issued to investors on Wednesday. William Blair analyst C. Shutler now forecasts that the asset manager will earn $0.40 per share for the year, up from their previous estimate of $0.29. William Blair also issued estimates for WisdomTree Investments’ FY2019 earnings at $0.43 EPS.

A number of other analysts have also weighed in on WETF. Keefe, Bruyette & Woods reissued a “sell” rating and set a $9.25 price objective on shares of WisdomTree Investments in a research note on Thursday, September 21st. Zacks Investment Research lowered WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Deutsche Bank started coverage on WisdomTree Investments in a research note on Tuesday, October 17th. They set a “buy” rating and a $13.00 price objective for the company. Northland Securities reissued a “hold” rating and set a $12.00 price objective on shares of WisdomTree Investments in a research note on Sunday, October 29th. Finally, Citigroup reissued 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, three have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $11.94.

WisdomTree Investments (WETF) traded down $0.28 during trading hours on Friday, hitting $12.81. The stock had a trading volume of 1,332,000 shares, compared to its average volume of 1,078,767. The stock has a market capitalization of $1,750.00, a price-to-earnings ratio of 58.23, a PEG ratio of 2.09 and a beta of 3.16. WisdomTree Investments has a 52-week low of $7.87 and a 52-week high of $13.41.

WisdomTree Investments (NASDAQ:WETF) last issued its quarterly earnings results on Friday, October 27th. The asset manager reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates 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 analysts’ expectations of $57.89 million. During the same period last year, the business earned $0.06 earnings per share. The business’s quarterly revenue was up 12.0% on a year-over-year basis.

In related news, Director Frank Salerno sold 50,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $11.71, for a total value of $585,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 16.10% of the company’s stock.

A number of institutional investors have recently made changes to their positions in WETF. Vanguard Group Inc. increased its holdings in shares of WisdomTree Investments by 3.2% during the second quarter. Vanguard Group Inc. now owns 10,709,512 shares of the asset manager’s stock valued at $108,916,000 after acquiring an additional 327,661 shares in the last quarter. Capital World Investors increased its holdings in shares of WisdomTree Investments by 123.0% during the second quarter. Capital World Investors now owns 6,800,000 shares of the asset manager’s stock valued at $69,156,000 after acquiring an additional 3,750,000 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of WisdomTree Investments during the second quarter valued at $46,241,000. Jackson Square Partners LLC increased its holdings in shares of WisdomTree Investments by 4.9% during the third quarter. Jackson Square Partners LLC now owns 3,310,365 shares of the asset manager’s stock valued at $33,699,000 after acquiring an additional 153,705 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of WisdomTree Investments by 3.8% during the second quarter. State Street Corp now owns 3,002,162 shares of the asset manager’s stock valued at $30,531,000 after acquiring an additional 110,032 shares in the last quarter. 89.41% of the stock is owned by institutional investors and hedge funds.

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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.

Earnings History and Estimates for WisdomTree Investments (NASDAQ:WETF)

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