WisdomTree Investments, Inc. (NASDAQ:WETF) Rating Reiterated by Keefe, Bruyette & Woods

Cornelia Mascio
Ottobre 22, 2017

Over the same time span, the stock marked US$13.32 as its best level and the lowest price reached was US$7.87. Keefe, Bruyette & Woods' price objective indicates a potential downside of 12.36% from the stock's previous close.

A number of key analysts, polled by FactSet, shared their views about the current stock momentum.

Among 12 analysts covering WisdomTree Investments (NASDAQ:WETF), 4 have Buy rating, 3 Sell and 5 Hold. BidaskClub cut WisdomTree Investments from a "buy" rating to a "hold" rating in a report on Monday, July 31st.

11/29/2016 - WisdomTree Investments, Inc. had its "buy" rating reiterated by analysts at Jefferies. Keefe, Bruyette & Woods reiterated a sell rating and issued a $9.25 price objective on shares of WisdomTree Investments in a research note on Thursday, September 21st. Six equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. Northland Securities reaffirmed a hold rating and issued a $10.50 target price on shares of WisdomTree Investments in a report on Sunday, July 30th.

The share price of the company (NASDAQ:WETF) was up +1.60%, with a high of 11.59 during the day and the volume of WisdomTree Investments, Inc. shares traded was 1932785. The total amount of shares outstanding is 136.44 million, giving the company a market capitalization of about 1.53 billion.

It is now trading at $11.41 well above $9.89, the 50 day moving average and quite a bit above the 200 day moving average of $9.60.

WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings results on Friday, October 28th. The asset manager reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.02. WisdomTree Investments had a net margin of 13.33% and a return on equity of 15.41%. The firm had revenue of $63.40 million during the quarter, compared to analyst estimates of $57.27 million. They expect $0.06 earnings per share, 0.00% or $0.00 from last year's $0.06 per share. As of the end of the quarter State of Alaska, Department of Revenue had bought 70 shares growing its holdings by 0.3%.

ILLEGAL ACTIVITY WARNING: "Deutsche Bank AG Begins Coverage on WisdomTree Investments, Inc". The New York-based Jpmorgan Chase And has invested 0% in WisdomTree Investments, Inc. (NASDAQ:WETF) in a research report sent to investors on Tuesday morning. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and worldwide trademark and copyright legislation. The correct version of this news story can be accessed at https://www.truebluetribune.com/2017/10/21/wisdomtree-investments-inc-wetf-cut-to-sell-at-zacks-investment-research.html.

In other news, Director Bruce I. Lavine sold 19,849 shares of the firm's stock in a transaction that occurred on Tuesday, August 8th. The shares were sold on August 4th for a price of $10.13. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. About 1.93M shares traded or 47.33% up from the average.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Shelton Capital Management bought a new position in shares of WisdomTree Investments during the 2nd quarter worth approximately $116,000. Aberdeen Asset Management PLC UK now owns 2,962,738 shares of the asset manager's stock valued at $30,131,000 after purchasing an additional 222,963 shares in the last quarter.

Amid volatile financial markets and the presidential election, various investment brokerages have made amendments to their price targets and ratings on shares of WisdomTree Investments, Inc. BlackRock Inc. now owns 13,399,791 shares of the asset manager's stock valued at $121,669,000 after purchasing an additional 13,346,857 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of WisdomTree Investments by 12.9% in the second quarter. Louisiana State Employees Retirement System owns 46,600 shares with a value of $474,000. PNC Financial Services Group Inc. lifted its holdings in WisdomTree Investments by 3.5% during the 2nd quarter. Aperio Group LLC boosted its holdings in WisdomTree Investments by 31.7% in the 2nd quarter. UBS Group AG now owns 445,432 shares of the asset manager's stock valued at $4,045,000 after purchasing an additional 29,892 shares in the last quarter. Firsthand Capital Management Inc who had been investing in Quicklogic for a number of months, seems to be bullish on the $120.97 million market cap company. The Company's family of ETFs includes funds that track its own indexes, funds that track third party indexes and actively managed funds. The Company operates through exchange traded products (ETP) sponsor and asset manager providing investment advisory services segment.

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