WisdomTree Investments (WETF) Rating Reiterated by Jefferies Group
Jefferies Group reaffirmed their buy rating on shares of WisdomTree Investments (NASDAQ:WETF) in a report issued on Thursday. Jefferies Group currently has a $15.00 price target on the asset manager’s stock. Jefferies Group also issued estimates for WisdomTree Investments’ Q1 2018 earnings at $0.10 EPS, Q2 2018 earnings at $0.13 EPS, Q3 2018 earnings at $0.13 EPS, Q4 2018 earnings at $0.15 EPS, FY2018 earnings at $0.51 EPS and FY2019 earnings at $0.66 EPS.
WETF has been the subject of several other research reports. Citigroup reiterated a buy rating and issued a $15.00 price target on shares of WisdomTree Investments in a research report on Monday, October 30th. UBS Group lifted their price target on WisdomTree Investments from $8.00 to $8.50 and gave the stock a sell rating in a research report on Tuesday, November 14th. Keefe, Bruyette & Woods reiterated a sell rating and issued a $10.00 price target on shares of WisdomTree Investments in a research report on Thursday, October 12th. Zacks Investment Research lowered WisdomTree Investments from a hold rating to a sell rating in a research report on Wednesday, October 18th. Finally, Northland Securities reiterated a hold rating and issued a $12.00 price target on shares of WisdomTree Investments in a research report on Sunday, October 29th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. WisdomTree Investments has an average rating of Hold and a consensus price target of $11.94.
WisdomTree Investments (NASDAQ:WETF) traded up $0.04 on Thursday, reaching $13.23. The company had a trading volume of 1,018,200 shares, compared to its average volume of 1,089,144. The stock has a market capitalization of $1,811.34, a price-to-earnings ratio of 60.14, a P/E/G ratio of 2.11 and a beta of 3.16. WisdomTree Investments has a 12 month low of $7.87 and a 12 month high of $13.41.
In other WisdomTree Investments news, Director Frank Salerno sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $11.71, for a total transaction of $585,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 16.60% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in WETF. Janus Henderson Group PLC purchased a new position in shares of WisdomTree Investments during the second quarter valued at approximately $46,241,000. Capital World Investors boosted its position 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 buying an additional 3,750,000 shares during the period. Wells Fargo & Company MN raised its stake in shares of WisdomTree Investments by 43.2% during the second quarter. Wells Fargo & Company MN now owns 1,117,232 shares of the asset manager’s stock valued at $11,362,000 after acquiring an additional 337,097 shares in the last quarter. Vanguard Group Inc. raised its stake 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. Finally, Junto Capital Management LP bought a new stake in shares of WisdomTree Investments during the second quarter valued at approximately $2,757,000. Institutional investors and hedge funds own 89.41% 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.
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