WisdomTree Investments (NASDAQ:WETF) announced its quarterly earnings data on Friday. The asset manager reported EPS of $0.10 for the quarter, beating Zacks consensus estimate of $0.09 by $0.01, MarketWatch Earnings reports. WisdomTree Investments had a return on equity of 20.71% and a net margin of 8.50%. The company posted revenue of $79.20 million for the quarter, versus a consensus estimate of $78.62 million. In the same quarter last year, the company posted earnings per share of $0.06. The company’s revenues increased by 18.0% compared to the same quarter last year.
NASDAQ: WETF fell $0.20 on Friday, hitting $5.50. The company’s shares had a trading volume of 60,864 shares, compared to its average volume of 1,066,776. WisdomTree Investments has a 12-month low of $5.24 and a 12-month high of 7, $38. The company has a quick ratio of 2.19, a current ratio of 3.77 and a debt ratio of 1.22. The company has a market capitalization of $798.23 million, a price-earnings ratio of 40.71 and a beta of 1.72. The stock has a 50-day moving average price of $6.19 and a 200-day moving average price of $6.16.
A number of stock analysts have recently commented on WETF shares. Zacks Investment Research upgraded WisdomTree Investments from a “sell” to a “hold” rating in a Thursday, January 13 research report. Deutsche Bank Aktiengesellschaft raised its price target on WisdomTree Investments from $6.00 to $7.00 and gave the stock a “holding” rating in a Monday, Nov. 1 research report. Four equity research analysts gave the stock a hold rating and two gave the company a buy rating. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $7.23.
In other news from WisdomTree Investments, insider Peter M. Ziemba sold 5,000 shares of WisdomTree Investments in a trade on Wednesday, November 17. The stock was sold at an average price of $6.76, for a total value of $33,800.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 8.00% of the shares are held by insiders.
Several hedge funds and other institutional investors have recently changed their holdings in the company. Royal Bank of Canada increased its stake in shares of WisdomTree Investments by 11.5% in the third quarter. Royal Bank of Canada now owns 78,102 shares of the asset manager valued at $443,000 after buying an additional 8,079 shares last quarter. Janus Henderson Group PLC acquired a new equity stake from WisdomTree Investments in the third quarter worth $65,000. Wells Fargo & Company MN increased its stake in shares of WisdomTree Investments by 9.1% in the second quarter. Wells Fargo & Company MN now owns 181,390 shares of the asset manager valued at $1,124,000 after buying an additional 15,160 shares last quarter. BNP Paribas Arbitrage SA increased its stake in WisdomTree Investments by 184.9% in the third quarter. BNP Paribas Arbitrage SA now owns 114,251 shares in the asset manager worth $648,000 after buying an additional 74,142 shares last quarter. Finally, Morgan Stanley increased its stake in WisdomTree Investments by 51.6% during the second quarter. Morgan Stanley now owns 1,700,384 shares of the asset manager worth $10,542,000 after buying an additional 578,514 shares last quarter. 70.76% of the shares are held by institutional investors and hedge funds.
About WisdomTree Investments
WisdomTree Investments, Inc operates as an asset management company that focuses on exchange-traded products (ETPs). It distributes ETPs within the asset management industry, including brokerage firms, registered investment advisers, institutional investors, private wealth managers and discount brokers.
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