The stock of WisdomTree Investments, Inc. (NASDAQ:WETF) is a huge mover today! The stock increased 4.36% or $0.43 during the last trading session, hitting $10.29. About 2.55 million shares traded hands or 20.85% up from the average. WisdomTree Investments, Inc. (NASDAQ:WETF) has declined 17.21% since February 26, 2016 and is downtrending. It has underperformed by 27.64% the S&P500.
The move comes after 5 months positive chart setup for the $1.37 billion company. It was reported on Oct, 1 by Barchart.com. We have $16.05 PT which if reached, will make NASDAQ:WETF worth $767.20M more.
Analysts await WisdomTree Investments, Inc. (NASDAQ:WETF) to report earnings on November, 4. They expect $0.06 earnings per share, down 64.71% or $0.11 from last year’s $0.17 per share. WETF’s profit will be $7.99 million for 42.88 P/E if the $0.06 EPS becomes a reality. After $0.03 actual earnings per share reported by WisdomTree Investments, Inc. for the previous quarter, Wall Street now forecasts 100.00% EPS growth.
WisdomTree Investments, Inc. (NASDAQ:WETF) Ratings Coverage
Out of 9 analysts covering WisdomTree Investments (NASDAQ:WETF), 2 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 22% are positive. WisdomTree Investments has been the topic of 23 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was initiated by Northcoast with “Neutral” on Friday, January 29. The stock of WisdomTree Investments, Inc. (NASDAQ:WETF) has “Sell” rating given on Monday, January 11 by Goldman Sachs. The firm has “Equal-Weight” rating given on Monday, September 21 by Morgan Stanley. The rating was downgraded by Northland Capital to “Market Perform” on Wednesday, June 1. On Monday, February 8 the stock rating was downgraded by Keefe Bruyette & Woods to “Outperform”. The firm has “Hold” rating by Zacks given on Thursday, August 6. The stock of WisdomTree Investments, Inc. (NASDAQ:WETF) has “Market Perform” rating given on Thursday, September 3 by Wood. The rating was downgraded by Bank of America to “Neutral” on Tuesday, June 28. The stock has “Sell” rating given by Citigroup on Wednesday, August 26. The firm has “Buy” rating by Vetr given on Friday, August 21.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 0.95 in 2016 Q2. Its down 0.07, from 1.02 in 2016Q1. The ratio fall, as 42 funds sold all WisdomTree Investments, Inc. shares owned while 63 reduced positions. 18 funds bought stakes while 82 increased positions. They now own 135.96 million shares or 4.77% more from 129.77 million shares in 2016Q1.
Moreover, Amp Cap Ltd has 0% invested in WisdomTree Investments, Inc. (NASDAQ:WETF) for 17,900 shares. The Pennsylvania-based Valley Natl Advisers has invested 0% in WisdomTree Investments, Inc. (NASDAQ:WETF). Royal Retail Bank Of Canada owns 38,154 shares or 0% of their US portfolio. Cannell Peter B owns 182,050 shares or 0.06% of their US portfolio. State Board Of Administration Of Florida Retirement System last reported 64,173 shares in the company. Whittier Trust holds 0.04% of its portfolio in WisdomTree Investments, Inc. (NASDAQ:WETF) for 83,121 shares. New York State Teachers Retirement holds 0% or 175,200 shares in its portfolio. D E Shaw owns 10,950 shares or 0% of their US portfolio. Macquarie Group Incorporated has 3.07M shares for 0.06% of their US portfolio. Moreover, Nelson Van Denburg And Campbell Wealth Mngmt Grp Limited Company has 0.03% invested in WisdomTree Investments, Inc. (NASDAQ:WETF) for 5,712 shares. Manufacturers Life Insurance Company The last reported 0% of its portfolio in the stock. Blackrock Institutional Trust Na has invested 0.01% of its portfolio in WisdomTree Investments, Inc. (NASDAQ:WETF). North Star Inv Corporation reported 200,300 shares or 0.36% of all its holdings. Deutsche Financial Bank Ag last reported 0% of its portfolio in the stock. Evercore Wealth Management Limited Liability Corporation holds 0% or 1,700 shares in its portfolio.
Insider Transactions: Since August 2, 2016, the stock had 3 buys, and 0 selling transactions for $4.06 million net activity. The insider Bossone Anthony bought $495,000. On Friday, August 19 the insider Steinberg Jonathan L bought $2.54 million.
More recent WisdomTree Investments, Inc. (NASDAQ:WETF) news were published by: Fool.com which released: “Why WisdomTree Investments, Inc. Dropped on Friday” on August 01, 2016. Also Marketwatch.com published the news titled: “WisdomTree Investments, Inc. Opens the Market” on July 19, 2016. Gurufocus.com‘s news article titled: “Wisdomtree Investments Inc (WETF) CEO Jonathan L Steinberg Bought $â€“ million …” with publication date: September 14, 2016 was also an interesting one.
WETF Company Profile
WisdomTree Investments, Inc., incorporated on September 19, 1985, is an asset management firm 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 Firm operates through exchange traded products (ETP) sponsor and asset manager providing investment advisory services segment.
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