Citigroup Upgrades Rating On WisdomTree Investments, Inc. (WETF)

Marco Green
June 4, 2017

Redmond Asset Management LLC now owns 35,029 shares of the asset manager's stock worth $390,000 after buying an additional 200 shares during the period. Northern Corp owns 1.87M shares. The stock rose 1.05% or $0.1 reaching $9.61 per share. About 1.30M shares traded. It has outperformed by 18.68% the S&P500. Arrowpoint Asset Management LLC increased its position in shares of WisdomTree Investments by 13.2% in the fourth quarter.

11/02/2016 - UBS began new coverage on WisdomTree Investments, Inc. giving the company a "sell" rating. Based on an average daily trading volume, of 3,115,194 shares, the days-to-cover ratio is now 10.3 days. Bryn Mawr Trust invested 0.14% in WisdomTree Investments, Inc. Continental Advsrs Llc invested in 279,400 shares or 0.85% of the stock. About 760,249 shares traded. It has underperformed by 26.05% the S&P500.

Since March 14, 2017, it had 1 buy, and 0 sales for $895,334 activity. In other WisdomTree Investments news, CEO Jonathan L. Steinberg bought 97,971 shares of WisdomTree Investments stock in a transaction dated Thursday, March 16th. (NASDAQ:WETF) for 6,605 shares.

Investors sentiment decreased to 1.03 in 2016 Q4. Days to cover increased 1.6 to 12.0 and the percentage of shorted shares was 0.24% on May 15.

Some buy side analysts are also providing their Analysis on WisdomTree Investments, Inc., where 2 analysts have rated the stock as Strong buy, 1 analysts have given a Buy signal, 4 said it's a HOLD, 3 reported it as Underperform and 1 analysts rated the stock as Sell. The asset manager reported $0.05 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.01. American International Group Inc. raised its position in shares of WisdomTree Investments by 0.9% in the third quarter. (NASDAQ:WETF). State Street reported 0% in WisdomTree Investments, Inc.

North Star Investment Management Corp decreased Pendrell Corp Cl A New stake by 55,325 shares to 950 valued at $6,000 in 2016Q4. Retirement Sys Of Alabama holds 147,950 shares. Jlb & owns 3,122 shares for 0.07% of their portfolio. (NASDAQ:WETF). Private Advisor Ltd Limited Liability Company holds 0.02% or 46,916 shares in its portfolio. Liberty Mutual Gru Asset Inc stated it has 50,865 shares. Goldman Sachs Group Inc increased their target price on WisdomTree Investments from $7.00 to $8.00 and gave the stock a "sell" rating in a research report on Wednesday, March 15th. (NASDAQ:WETF). Blackrock Advsr Ltd Company invested 0.01% in WisdomTree Investments, Inc. (NASDAQ:WETF). First Manhattan Communication has invested 0% in WisdomTree Investments, Inc. Oregon Employees Retirement Fund holds 0.01% or 39,245 shares in its portfolio. It improved, as 86 investors sold V shares while 540 reduced holdings. The short interest to Wisdomtree Investments Incorporated's float is 30.14%. (NASDAQ:WETF) to report earnings on August, 4. WisdomTree Investments's dividend payout ratio is 160.00%.

Among 10 analysts covering WisdomTree Investments (NASDAQ:WETF), 3 have Buy rating, 2 Sell and 5 Hold. Therefore 78% are positive.

According to Zacks, analysts expect that WisdomTree Investments will report full-year sales of $56.00 million for the current financial year, with estimates ranging from $224.10 million to $231.81 million. As per Monday, May 16, the company rating was maintained by Barclays Capital. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 64.87 and a beta of 3.25. The firm has "Hold" rating by Zacks given on Thursday, August 6. On Friday, August 21 the stock rating was upgraded by Vetr to "Buy". The firm has "Buy" rating given on Thursday, August 4 by Jefferies. WisdomTree Investments's revenue was down 10.3% compared to the same quarter past year. As per Monday, September 21, the company rating was downgraded by Morgan Stanley. Citigroup upgraded the stock to "Buy" rating in Monday, May 15 report. Lpl Ltd Liability Corporation holds 0.01% in Humana Inc (NYSE:HUM) or 9,299 shares. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Humana Inc now has $34.21B valuation. SEI Investments had 10 analyst reports since July 23, 2015 according to SRatingsIntel. Bank of America downgraded the shares of WETF in report on Tuesday, June 28 to "Neutral" rating. (NASDAQ:WETF) has "Neutral" rating given on Friday, January 29 by Northcoast. The firm has "Outperform" rating by BMO Capital Markets given on Wednesday, January 25. The company was downgraded on Wednesday, August 26 by Citigroup. The firm has "Market Perform" rating by Northland Capital given on Wednesday, June 1. A rating of 3 would signify a consensus Hold recommendation. The stock of Visa Inc (NYSE:V) earned "Outperform" rating by Wells Fargo on Thursday, October 22. The stock of Humana Inc (NYSE:HUM) has "Sector Perform" rating given on Monday, November 9 by RBC Capital Markets. Its up 0.19, from 0.91 in 2016Q3. Shares for $194,719 were sold by Barr Kevin. 120 funds opened positions while 617 raised stakes. Global X Management Ltd Co reported 9,686 shares. Schwab Charles Management Inc holds 0.01% or 432,379 shares in its portfolio. Fisher Asset Lc invested 2.03% in Visa Inc (NYSE:V). (NASDAQ:WETF). Loomis Sayles & Limited Partnership reported 15 shares or 0% of all its holdings. Macquarie Grp Limited holds 0.03% or 1.62M shares in its portfolio. Credit Agricole S A accumulated 0% or 40,634 shares. State Of Tennessee Treasury Department holds 0.2% or 185,790 shares.

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