Analysts Set WisdomTree, Inc. (NYSE:WT) PT at $21.46

Shares of WisdomTree, Inc. (NYSE:WT) have been given an average rating of “Moderate Buy” by the seven ratings firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $23.66.

WT has been the subject of several recent research reports. Weiss Ratings raised WisdomTree from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, August 19th. Morgan Stanley set a $21.00 target price on shares of WisdomTree in a report on Wednesday, July 29th. Oppenheimer upped their price target on shares of WisdomTree from $22.00 to $27.00 and gave the company an “outperform” rating in a research report on Wednesday. Raymond James Financial reaffirmed an “outperform” rating and set a $26.00 price target on shares of WisdomTree in a research note on Thursday. Finally, Northland Securities lifted their price target on shares of WisdomTree from $22.00 to $26.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th.

WisdomTree Stock Down 2.0%

Shares of NYSE WT opened at $24.53 on Wednesday. The company has a debt-to-equity ratio of 2.53, a quick ratio of 2.73 and a current ratio of 3.00. WisdomTree has a 52 week low of $10.69 and a 52 week high of $25.89. The stock has a market capitalization of $3.72 billion, a P/E ratio of 47.17 and a beta of 1.17. The stock’s fifty day moving average is $20.47 and its 200 day moving average is $18.19.

WisdomTree (NYSE:WT) last posted its quarterly earnings results on Friday, July 31st. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.05. The business had revenue of $177.16 million for the quarter, compared to analyst estimates of $170.62 million. WisdomTree had a net margin of 13.27% and a return on equity of 39.12%. The firm’s revenue for the quarter was up 57.3% on a year-over-year basis. During the same quarter last year, the business posted $0.18 EPS. Sell-side analysts forecast that WisdomTree will post 1.19 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th were given a $0.03 dividend. The ex-dividend date was Wednesday, August 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.5%. WisdomTree’s payout ratio is 23.08%.

Institutional Investors Weigh In On WisdomTree

Several institutional investors and hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. boosted its position in shares of WisdomTree by 3.9% during the 4th quarter. Russell Investments Group Ltd. now owns 20,605 shares of the company’s stock worth $251,000 after purchasing an additional 778 shares in the last quarter. Clearstead Trust LLC bought a new stake in WisdomTree in the 2nd quarter valued at about $92,000. Pictet Asset Management Holding SA increased its position in WisdomTree by 5.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 21,947 shares of the company’s stock valued at $320,000 after buying an additional 1,108 shares in the last quarter. Osaic Holdings Inc. raised its stake in WisdomTree by 1.5% during the 2nd quarter. Osaic Holdings Inc. now owns 87,126 shares of the company’s stock worth $1,003,000 after buying an additional 1,266 shares during the period. Finally, Illinois Municipal Retirement Fund raised its stake in WisdomTree by 2.1% during the 4th quarter. Illinois Municipal Retirement Fund now owns 61,799 shares of the company’s stock worth $753,000 after buying an additional 1,281 shares during the period. Institutional investors own 78.64% of the company’s stock.

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.