WisdomTree, Inc. (NYSE:WT) Receives $20.06 Average PT from Analysts

WisdomTree, Inc. (NYSE:WT) has received a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $20.06.

WT has been the subject of a number of recent research reports. Morgan Stanley raised their price objective on shares of WisdomTree from $18.00 to $20.50 and gave the stock an “equal weight” rating in a research note on Friday, June 26th. Wall Street Zen cut WisdomTree from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. The Goldman Sachs Group reiterated a “neutral” rating and set a $16.80 target price on shares of WisdomTree in a report on Tuesday, May 5th. Northland Securities set a $22.00 price target on WisdomTree in a research report on Tuesday, June 2nd. Finally, Zacks Research raised WisdomTree from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th.

Insider Activity

In other WisdomTree news, insider David M. Yates sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $18.06, for a total transaction of $270,900.00. Following the sale, the insider directly owned 157,499 shares of the company’s stock, valued at $2,844,431.94. This trade represents a 8.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO R Jarrett Lilien sold 30,000 shares of WisdomTree stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $18.99, for a total transaction of $569,700.00. Following the sale, the chief operating officer owned 1,110,245 shares of the company’s stock, valued at approximately $21,083,552.55. This trade represents a 2.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 10.10% of the company’s stock.

Hedge Funds Weigh In On WisdomTree

Several institutional investors and hedge funds have recently modified their holdings of WT. Bank of America Corp DE boosted its position in WisdomTree by 556.4% during the first quarter. Bank of America Corp DE now owns 2,327,389 shares of the company’s stock worth $33,887,000 after acquiring an additional 1,972,847 shares during the last quarter. Amundi grew its stake in WisdomTree by 9.0% in the 1st quarter. Amundi now owns 20,300 shares of the company’s stock worth $296,000 after acquiring an additional 1,680 shares during the period. California State Teachers Retirement System raised its holdings in WisdomTree by 25.8% in the 1st quarter. California State Teachers Retirement System now owns 158,271 shares of the company’s stock valued at $2,304,000 after acquiring an additional 32,495 shares during the last quarter. Maverick Capital Ltd. acquired a new position in WisdomTree in the 1st quarter valued at $621,000. Finally, Quantinno Capital Management LP lifted its stake in shares of WisdomTree by 178.9% during the 1st quarter. Quantinno Capital Management LP now owns 163,727 shares of the company’s stock worth $2,384,000 after purchasing an additional 105,023 shares during the period. Hedge funds and other institutional investors own 78.64% of the company’s stock.

WisdomTree Stock Performance

NYSE:WT opened at $18.97 on Tuesday. The company has a current ratio of 4.57, a quick ratio of 4.18 and a debt-to-equity ratio of 2.37. The company has a market capitalization of $2.90 billion, a P/E ratio of 46.27 and a beta of 1.18. The firm has a 50-day moving average price of $18.50 and a two-hundred day moving average price of $16.51. WisdomTree has a twelve month low of $10.69 and a twelve month high of $20.18.

WisdomTree (NYSE:WT) last announced its quarterly earnings results on Friday, May 1st. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. The company had revenue of $159.50 million for the quarter, compared to the consensus estimate of $156.96 million. WisdomTree had a net margin of 11.26% and a return on equity of 33.31%. The company’s revenue for the quarter was up 47.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.16 earnings per share. As a group, research analysts expect that WisdomTree will post 1.14 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Wednesday, May 13th. WisdomTree’s dividend payout ratio (DPR) is currently 29.27%.

About WisdomTree

WisdomTree Investments, Inc (NYSE: WT) is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.