WisdomTree Investments, Inc. (WETF) Upgraded to “Mkt Perform” at Keefe, Bruyette & Woods

WisdomTree Investments, Inc. (NASDAQ:WETF) was upgraded by stock analysts at Keefe, Bruyette & Woods from an “underperform” rating to a “mkt perform” rating in a report released on Tuesday.

Several other equities research analysts also recently commented on WETF. ValuEngine downgraded WisdomTree Investments from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. Zacks Investment Research downgraded WisdomTree Investments from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Northland Securities reissued a “hold” rating and issued a $10.50 target price on shares of WisdomTree Investments in a research report on Sunday, July 30th. UBS AG reissued a “sell” rating and issued a $8.00 target price (up from $7.50) on shares of WisdomTree Investments in a research report on Monday, July 31st. Finally, BidaskClub cut WisdomTree Investments from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Five investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. WisdomTree Investments has a consensus rating of “Hold” and a consensus target price of $11.28.

WisdomTree Investments (WETF) traded down $0.66 during midday trading on Tuesday, reaching $11.28. The company had a trading volume of 3,222,700 shares, compared to its average volume of 2,068,428. WisdomTree Investments has a 52 week low of $7.87 and a 52 week high of $13.32. The company has a market cap of $1,540.00, a P/E ratio of 51.91, a price-to-earnings-growth ratio of 2.97 and a beta of 3.18.

WisdomTree Investments (NASDAQ:WETF) last released its quarterly earnings data on Friday, October 27th. The asset manager reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. WisdomTree Investments had a return on equity of 15.47% and a net margin of 12.98%. The company had revenue of $57.99 million during the quarter, compared to the consensus estimate of $57.89 million. During the same period last year, the company earned $0.06 EPS. WisdomTree Investments’s revenue for the quarter was up 12.0% on a year-over-year basis. sell-side analysts anticipate that WisdomTree Investments will post 0.25 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “WisdomTree Investments, Inc. (WETF) Upgraded to “Mkt Perform” at Keefe, Bruyette & Woods” was originally published by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this news story on another site, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this news story can be viewed at https://sportsperspectives.com/2017/11/14/wisdomtree-investments-inc-wetf-rating-increased-to-market-perform-at-keefe-bruyette-woods.html.

Several hedge funds have recently bought and sold shares of WETF. UBS Asset Management Americas Inc. lifted its position in shares of WisdomTree Investments by 32.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 60,555 shares of the asset manager’s stock valued at $550,000 after buying an additional 14,695 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of WisdomTree Investments by 54.5% during the 1st quarter. Parametric Portfolio Associates LLC now owns 164,532 shares of the asset manager’s stock valued at $1,494,000 after buying an additional 58,014 shares in the last quarter. FMR LLC lifted its position in shares of WisdomTree Investments by 20.3% during the 1st quarter. FMR LLC now owns 1,235,669 shares of the asset manager’s stock valued at $11,220,000 after buying an additional 208,169 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of WisdomTree Investments by 1.6% during the 1st quarter. California Public Employees Retirement System now owns 50,100 shares of the asset manager’s stock valued at $455,000 after buying an additional 800 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of WisdomTree Investments by 277.2% during the 1st quarter. Legal & General Group Plc now owns 203,098 shares of the asset manager’s stock valued at $1,843,000 after buying an additional 149,255 shares in the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for WisdomTree Investments (NASDAQ:WETF)

Receive News & Ratings for WisdomTree Investments Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WisdomTree Investments Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply