WisdomTree, Inc. (NYSE:WT) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of WisdomTree, Inc. (NYSE:WT) have been given a consensus recommendation of “Moderate Buy” by the seven analysts that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong 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 $17.65.

Several brokerages have commented on WT. Weiss Ratings reiterated a “buy (b-)” rating on shares of WisdomTree in a research note on Wednesday, January 21st. Morgan Stanley set a $16.75 price target on WisdomTree in a research note on Tuesday, February 10th. Northland Securities set a $20.00 price target on WisdomTree in a report on Monday, February 2nd. Oppenheimer upped their target price on shares of WisdomTree from $17.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. Finally, The Goldman Sachs Group lifted their price target on shares of WisdomTree from $14.00 to $15.50 and gave the stock a “neutral” rating in a research note on Monday, February 2nd.

WisdomTree Stock Down 1.4%

Shares of WisdomTree stock opened at $16.35 on Wednesday. The company has a 50-day simple moving average of $15.65 and a two-hundred day simple moving average of $13.67. The stock has a market capitalization of $2.32 billion, a PE ratio of 21.81 and a beta of 1.09. WisdomTree has a 52-week low of $7.47 and a 52-week high of $17.68. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.37 and a current ratio of 1.75.

WisdomTree (NYSE:WT) last posted its quarterly earnings results on Friday, January 30th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. WisdomTree had a net margin of 22.10% and a return on equity of 30.24%. The firm had revenue of $147.43 million for the quarter, compared to analysts’ expectations of $142.78 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The business’s revenue for the quarter was up 33.2% on a year-over-year basis. On average, analysts anticipate that WisdomTree will post 0.72 EPS for the current fiscal year.

WisdomTree Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, February 11th. WisdomTree’s dividend payout ratio is 16.00%.

Insider Buying and Selling at WisdomTree

In related news, COO R Jarrett Lilien sold 30,000 shares of WisdomTree stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $16.84, for a total transaction of $505,200.00. Following the transaction, the chief operating officer directly owned 1,140,245 shares in the company, valued at approximately $19,201,725.80. The trade was a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 9.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of WisdomTree by 2.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 456,990 shares of the company’s stock valued at $4,076,000 after buying an additional 12,402 shares in the last quarter. Jane Street Group LLC raised its holdings in WisdomTree by 379.3% during the first quarter. Jane Street Group LLC now owns 880,977 shares of the company’s stock valued at $7,858,000 after acquiring an additional 697,156 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of WisdomTree by 12.0% in the second quarter. Envestnet Asset Management Inc. now owns 905,422 shares of the company’s stock valued at $10,421,000 after acquiring an additional 97,070 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of WisdomTree by 10.8% in the second quarter. Teacher Retirement System of Texas now owns 18,928 shares of the company’s stock worth $218,000 after acquiring an additional 1,840 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of WisdomTree by 8.1% in the second quarter. Bank of New York Mellon Corp now owns 1,425,822 shares of the company’s stock worth $16,411,000 after acquiring an additional 107,076 shares during the period. 78.64% of the stock is owned by hedge funds and other institutional investors.

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.