Wisdom Tree Investments Inc (NASDAQ:WETF) – Equities research analysts at Northcoast Research lowered their FY2019 earnings per share (EPS) estimates for shares of Wisdom Tree Investments in a research note issued to investors on Tuesday, October 16th. Northcoast Research analyst K. Housum now anticipates that the asset manager will post earnings per share of $0.37 for the year, down from their prior forecast of $0.44.

Several other research firms have also commented on WETF. Gabelli reiterated a “buy” rating on shares of Wisdom Tree Investments in a research note on Monday, July 30th. Morgan Stanley dropped their target price on Wisdom Tree Investments from $10.00 to $9.50 and set an “equal weight” rating for the company in a research note on Tuesday, October 9th. Zacks Investment Research upgraded Wisdom Tree Investments from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Keefe, Bruyette & Woods lowered Wisdom Tree Investments from an “outperform” rating to a “mkt perform” rating in a research note on Friday, July 13th. Finally, Citigroup lowered Wisdom Tree Investments from a “buy” rating to a “neutral” rating in a research note on Friday, July 13th. Five research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Wisdom Tree Investments has an average rating of “Hold” and an average target price of $11.10.

NASDAQ WETF opened at $7.60 on Thursday. Wisdom Tree Investments has a fifty-two week low of $7.03 and a fifty-two week high of $13.41. The firm has a market capitalization of $1.30 billion, a PE ratio of 31.67, a P/E/G ratio of 1.56 and a beta of 2.47. The company has a quick ratio of 1.57, a current ratio of 1.63 and a debt-to-equity ratio of 0.55.

Wisdom Tree Investments (NASDAQ:WETF) last released its quarterly earnings results on Friday, July 27th. The asset manager reported $0.09 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.09. Wisdom Tree Investments had a return on equity of 16.31% and a net margin of 13.54%. The company had revenue of $74.80 million during the quarter, compared to analysts’ expectations of $75.22 million. During the same period in the previous year, the firm posted $0.06 earnings per share. The business’s revenue for the quarter was up 33.1% compared to the same quarter last year.

A number of large investors have recently made changes to their positions in the business. Profund Advisors LLC increased its stake in Wisdom Tree Investments by 25.1% during the first quarter. Profund Advisors LLC now owns 22,283 shares of the asset manager’s stock worth $204,000 after acquiring an additional 4,465 shares during the last quarter. Legal & General Group Plc increased its stake in Wisdom Tree Investments by 2.0% during the first quarter. Legal & General Group Plc now owns 237,911 shares of the asset manager’s stock worth $2,175,000 after acquiring an additional 4,646 shares during the last quarter. Granite Investment Partners LLC increased its stake in Wisdom Tree Investments by 0.5% during the second quarter. Granite Investment Partners LLC now owns 1,456,554 shares of the asset manager’s stock worth $13,226,000 after acquiring an additional 7,216 shares during the last quarter. SG Americas Securities LLC increased its stake in Wisdom Tree Investments by 42.5% during the second quarter. SG Americas Securities LLC now owns 32,779 shares of the asset manager’s stock worth $298,000 after acquiring an additional 9,780 shares during the last quarter. Finally, Suntrust Banks Inc. increased its stake in Wisdom Tree Investments by 29.9% during the first quarter. Suntrust Banks Inc. now owns 46,697 shares of the asset manager’s stock worth $428,000 after acquiring an additional 10,739 shares during the last quarter. Institutional investors own 71.39% of the company’s stock.

About Wisdom Tree Investments

WisdomTree Investments, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.

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Earnings History and Estimates for Wisdom Tree Investments (NASDAQ:WETF)

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