Brokerage firm Citigroup Upgrades its rating on WisdomTree Investments(WETF). The shares have been rated Neutral. Previously, the analysts had a Sell rating on the shares. The rating by Citigroup was issued on Feb 6, 2017.
WisdomTree Investments (WETF) made into the market gainers list on Tuesdays trading session with the shares advancing 3.81% or 0.33 points. Due to strong positive momentum, the stock ended at $9, which is also near the day’s high of $9.01. The stock began the session at $8.67 and the volume stood at 79,71,903 shares. The 52-week high of the shares is $13.72 and the 52 week low is $8. The company has a current market capitalization of $1,228 M and it has 13,64,75,000 shares in outstanding.
WisdomTree Investments(WETF) last announced its earnings results on Feb 3, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $50.798M. Analysts had an estimated revenue of $50.640M. Earnings per share were $0.03. Analysts had estimated an EPS of $0.06.
Several Insider Transactions has been reported to the SEC. On Sep 14, 2016, Jonathan L Steinberg (CEO) purchased 100,000 shares at $10.23 per share price.Also, On Aug 4, 2016, Anthony Bossone (director) purchased 50,000 shares at $9.90 per share price.On Nov 24, 2015, Michael H Steinhardt (director) sold 500,000 shares at $21.30 per share price, according to the Form-4 filing with the securities and exchange commission.
WisdomTree Investments Inc. is an asset management company that focuses on exchange-traded funds (ETFs). The Companys family of ETFs includes fundamentally weighted funds that track its own indexes funds that track third party indexes and actively managed funds. The Company distributes its ETFs through all major channels within the asset management industry including brokerage firms registered investment advisers institutional investors private wealth managers and discount brokers. Most of its index-based funds employ a fundamental weighted investment methodology which weights securities on the basis of factors such as dividends or earnings whereas most other ETF industry indexes use a capitalization weighted methodology. In addition it also offers actively managed ETFs which are ETFs that are not-based on a particular index but rather are actively managed with complete transparency into the ETFs portfolio on a daily basis.