According to Zacks, “INDIVIDUAL INVESTOR GROUP INC. is an information services company that publishes and markets Individual Investor magazine and Individual Investor’s Special Situations Report. In addition, the Company, through wholly owned subsidiaries, is the investment manager of private investment funds. “
A number of other research analysts have also issued reports on WETF. Credit Suisse Group AG set a $14.00 target price on WisdomTree Investments and gave the company a buy rating in a report on Saturday, September 17th. Jefferies Group reissued a buy rating on shares of WisdomTree Investments in a report on Friday, August 5th. Bank of America Corp. lowered WisdomTree Investments from a buy rating to a neutral rating in a report on Tuesday, June 28th. Finally, Citigroup Inc. reissued a sell rating and issued a $6.00 target price on shares of WisdomTree Investments in a report on Tuesday, June 21st. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. WisdomTree Investments currently has an average rating of Hold and a consensus price target of $14.23.
Shares of WisdomTree Investments (NASDAQ:WETF) opened at 10.29 on Friday. The company has a 50-day moving average of $10.25 and a 200 day moving average of $10.82. The company has a market cap of $1.38 billion, a PE ratio of 23.87 and a beta of 2.67. WisdomTree Investments has a 12 month low of $8.70 and a 12 month high of $22.33.
WisdomTree Investments (NASDAQ:WETF) last released its quarterly earnings results on Friday, July 29th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.03 by $0.04. The company had revenue of $55.98 million for the quarter, compared to analyst estimates of $55.01 million. WisdomTree Investments had a return on equity of 26.72% and a net margin of 21.72%. The firm’s revenue was down 31.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 earnings per share. On average, analysts anticipate that WisdomTree Investments will post $0.23 earnings per share for the current year.
In other news, CEO Jonathan L. Steinberg bought 100,000 shares of the firm’s stock in a transaction on Wednesday, September 14th. The shares were bought at an average cost of $10.23 per share, for a total transaction of $1,023,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anthony Bossone acquired 50,000 shares of WisdomTree Investments stock in a transaction dated Tuesday, August 2nd. The stock was bought at an average price of $9.90 per share, for a total transaction of $495,000.00. The disclosure for this purchase can be found here. Company insiders own 16.10% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. Commonwealth Equity Services Inc increased its stake in shares of WisdomTree Investments by 10.7% in the first quarter. Commonwealth Equity Services Inc now owns 54,314 shares of the company’s stock valued at $621,000 after buying an additional 5,267 shares in the last quarter. Teachers Advisors Inc. increased its stake in shares of WisdomTree Investments by 2.0% in the first quarter. Teachers Advisors Inc. now owns 192,432 shares of the company’s stock valued at $2,199,000 after buying an additional 3,832 shares in the last quarter. BlackRock Inc. increased its stake in shares of WisdomTree Investments by 11.0% in the first quarter. BlackRock Inc. now owns 45,995 shares of the company’s stock valued at $526,000 after buying an additional 4,550 shares in the last quarter. BlackRock Group LTD increased its stake in shares of WisdomTree Investments by 7.4% in the first quarter. BlackRock Group LTD now owns 397,195 shares of the company’s stock valued at $4,541,000 after buying an additional 27,245 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of WisdomTree Investments by 0.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,373,281 shares of the company’s stock valued at $38,557,000 after buying an additional 26,374 shares in the last quarter. Institutional investors and hedge funds own 96.12% of the company’s stock.
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 fundamentally weighted 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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