|Bid||8.70 x 1000|
|Ask||9.41 x 400|
|Day's Range||8.91 - 9.11|
|52 Week Range||7.87 - 13.32|
|PE Ratio (TTM)||41.00|
|Dividend & Yield||0.32 (3.58%)|
|1y Target Est||N/A|
WisdomTree Investments Inc NASDAQ/NGS:WETF
The asset management industry has been dealing with a number of disruptive trends. Money has been cycling into passive from active, to alternatives from traditional, to bonds from stocks, and to exchange-traded ...
Credit Suisse's Craig Siegenthaler and his team review asset managers today, writing that while many are being hurt by well-known disruptive forces, most of the bad news is already baked into the companies' valuations and low expectations from analysts, while headwinds are finally starting to slow. Perhaps even more interestingly, Siegenthaler believes that the negative sentiment is spilling over from asset managers into illiquid alternative asset managers like Blackstone (BX) and Carlyle Group (CG) and ETF managers like BlackRock (BLK) and WisdomTree (WETF), which is a bit like throwing the baby out with the bath water, as he expects them to produce strong earnings growth in the coming years that may support higher valuations.