William Blair Comments on WisdomTree Investments, Inc.’s Q1 2019 Earnings (WETF)

WisdomTree Investments, Inc. (NASDAQ:WETF) – William Blair issued their Q1 2019 earnings per share (EPS) estimates for WisdomTree Investments in a research note issued on Saturday. William Blair analyst C. Shutler forecasts that the asset manager will post earnings of $0.09 per share for the quarter. William Blair also issued estimates for WisdomTree Investments’ Q2 2019 earnings at $0.10 EPS, Q3 2019 earnings at $0.10 EPS and Q4 2019 earnings at $0.11 EPS.

WisdomTree Investments (NASDAQ:WETF) last issued its quarterly earnings data on Friday, February 2nd. The asset manager reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). WisdomTree Investments had a return on equity of 16.00% and a net margin of 11.46%. The firm had revenue of $61.39 million for the quarter, compared to analyst estimates of $60.89 million. During the same period in the previous year, the business earned $0.03 EPS. WisdomTree Investments’s revenue for the quarter was up 20.8% compared to the same quarter last year.

A number of other research firms have also recently issued reports on WETF. Zacks Investment Research raised 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 note on Saturday, January 6th. Jefferies Group reissued a “buy” rating and issued a $15.00 price target on shares of WisdomTree Investments in a research note on Thursday, January 11th. BidaskClub raised shares of WisdomTree Investments from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 22nd. Deutsche Bank started coverage on shares of WisdomTree Investments in a research note on Tuesday, October 17th. They issued a “buy” rating and a $13.00 price target on the stock. Finally, Keefe, Bruyette & Woods raised shares of WisdomTree Investments from an “underperform” rating to a “mkt perform” rating in a research note on Tuesday, November 14th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $11.72.

WisdomTree Investments (WETF) traded down $0.19 during trading on Tuesday, reaching $9.82. 1,840,000 shares of the company were exchanged, compared to its average volume of 1,410,000. WisdomTree Investments has a 1 year low of $7.87 and a 1 year high of $13.41. The firm has a market cap of $1,340.00, a PE ratio of 49.10, a P/E/G ratio of 1.66 and a beta of 2.68.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th will be issued a $0.03 dividend. The ex-dividend date is Tuesday, February 13th. This represents a $0.12 dividend on an annualized basis and a yield of 1.22%. WisdomTree Investments’s payout ratio is currently 160.00%.

In other WisdomTree Investments 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 SEC, which is accessible through this hyperlink. Company insiders own 16.60% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Essex Investment Management Co. LLC purchased a new position in shares of WisdomTree Investments during the 4th quarter worth $387,000. Summit Securities Group LLC purchased a new stake in WisdomTree Investments in the 4th quarter valued at about $345,000. Granite Investment Partners LLC raised its holdings in WisdomTree Investments by 1.7% in the 4th quarter. Granite Investment Partners LLC now owns 1,483,974 shares of the asset manager’s stock valued at $18,624,000 after buying an additional 24,513 shares during the period. Engineers Gate Manager LP raised its holdings in WisdomTree Investments by 237.6% in the 4th quarter. Engineers Gate Manager LP now owns 157,462 shares of the asset manager’s stock valued at $1,976,000 after buying an additional 110,825 shares during the period. Finally, HL Financial Services LLC raised its holdings in WisdomTree Investments by 3.7% in the 4th quarter. HL Financial Services LLC now owns 297,422 shares of the asset manager’s stock valued at $3,733,000 after buying an additional 10,489 shares during the period. Institutional investors own 89.75% of the company’s stock.

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About WisdomTree Investments

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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