WisdomTree, Inc. (NYSE:WT) Stock Has Average Price Target of $25.72

Shares of WisdomTree, Inc. (NYSE:WT) have been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $25.72.

A number of equities research analysts recently commented on WT shares. Northland Securities increased their price objective on shares of WisdomTree from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Zacks Research cut shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 27th. Morgan Stanley reduced their price target on shares of WisdomTree from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 28th. Wall Street Zen cut WisdomTree from a “buy” rating to a “hold” rating in a report on Saturday, October 24th. Finally, Weiss Ratings lowered shares of WisdomTree from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, November 2nd.

Insider Buying and Selling

In other news, COO R. Jarrett Lilien sold 30,000 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $24.56, for a total transaction of $736,800.00. Following the completion of the transaction, the chief operating officer owned 1,080,245 shares of the company’s stock, valued at $26,530,817.20. This represents a 2.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 10.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company acquired a new position in shares of WisdomTree during the second quarter worth $1,061,000. Hsbc Holdings PLC grew its stake in shares of WisdomTree by 576.4% during the second quarter. Hsbc Holdings PLC now owns 362,700 shares of the company’s stock valued at $6,148,000 after acquiring an additional 309,078 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of WisdomTree during the second quarter worth about $326,513,000. Principal Financial Group Inc. increased its position in shares of WisdomTree by 101.8% during the first quarter. Principal Financial Group Inc. now owns 2,009,556 shares of the company’s stock worth $29,259,000 after acquiring an additional 1,013,658 shares during the last quarter. Finally, Danske Bank A S acquired a new position in shares of WisdomTree in the second quarter worth about $11,323,000. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

WisdomTree Stock Performance

Shares of WT stock opened at $21.48 on Monday. The stock has a fifty day moving average price of $22.46 and a 200 day moving average price of $19.24. The company has a debt-to-equity ratio of 2.38, a quick ratio of 3.20 and a current ratio of 3.54. The stock has a market cap of $3.24 billion, a PE ratio of 30.25 and a beta of 1.18. WisdomTree has a 1 year low of $10.69 and a 1 year high of $25.91.

WisdomTree (NYSE:WT) last posted its earnings results on Friday, October 30th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. The company had revenue of $179.38 million for the quarter, compared to analyst estimates of $180.68 million. WisdomTree had a return on equity of 40.93% and a net margin of 16.64%. WisdomTree’s revenue was up 42.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.23 earnings per share. Sell-side analysts forecast that WisdomTree will post 1.19 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Wednesday, November 11th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, November 10th. WisdomTree’s dividend payout ratio (DPR) is presently 16.90%.

About WisdomTree

WisdomTree, Inc. is a global asset manager that develops and manages exchange-traded funds (ETFs) and other investment products. Its offerings span equities, fixed income, currencies, commodities and alternative investments, and include strategies that use measures such as dividends or earnings to select and weight securities. Founded in 2006 by Jonathan Steinberg, the company also provides model portfolios and other investment solutions for financial professionals and investors. WisdomTree has expanded beyond its U.S. roots, with operations and product offerings in markets including Europe and Canada.