WisdomTree, Inc. (NYSE:WT) Stock Has Average Price Target of $23.66 According to Brokerages

Shares of WisdomTree, Inc. (NYSE:WT) have been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $23.66.

A number of analysts have commented on the company. Morgan Stanley set a $21.00 price target on WisdomTree in a research report on Wednesday, July 29th. Zacks Research lowered shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Raymond James Financial reissued an “outperform” rating and issued a $26.00 price objective on shares of WisdomTree in a report on Thursday, August 27th. The Goldman Sachs Group boosted their target price on shares of WisdomTree from $16.40 to $18.30 and gave the stock a “neutral” rating in a research note on Tuesday, August 4th. Finally, Weiss Ratings upgraded WisdomTree from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, September 16th.

WisdomTree Stock Performance

Shares of WT opened at $24.01 on Friday. The company has a current ratio of 3.00, a quick ratio of 2.73 and a debt-to-equity ratio of 2.53. The firm has a market cap of $3.64 billion, a PE ratio of 46.17 and a beta of 1.20. The stock has a fifty day moving average price of $22.48 and a 200-day moving average price of $19.13. WisdomTree has a 12 month low of $10.69 and a 12 month high of $25.91.

WisdomTree (NYSE:WT) last posted its quarterly earnings data on Friday, July 31st. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.05. The firm had revenue of $177.16 million for the quarter, compared to the consensus estimate of $170.62 million. WisdomTree had a net margin of 13.27% and a return on equity of 39.12%. The company’s revenue for the quarter was up 57.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.18 earnings per share. Equities research analysts predict that WisdomTree will post 1.19 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, August 12th. WisdomTree’s dividend payout ratio (DPR) is currently 23.08%.

Insider Activity at WisdomTree

In other news, COO R. Jarrett Lilien sold 30,000 shares of WisdomTree stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $24.56, for a total transaction of $736,800.00. Following the transaction, the chief operating officer owned 1,080,245 shares in the company, valued at $26,530,817.20. The trade was a 2.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.10% of the stock is currently owned by corporate insiders.

Institutional Trading of WisdomTree

Institutional investors have recently made changes to their positions in the company. Junto Capital Management LP purchased a new position in shares of WisdomTree during the 2nd quarter worth $19,838,000. Nykredit A S acquired a new stake in WisdomTree during the 2nd quarter worth approximately $27,000. Amundi raised its stake in shares of WisdomTree by 390.5% in the second quarter. Amundi now owns 99,579 shares of the company’s stock valued at $1,687,000 after acquiring an additional 79,279 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of WisdomTree in the 2nd quarter valued at about $1,168,000. Finally, Round Rock Advisors LLC lifted its stake in WisdomTree by 49.5% in the second quarter. Round Rock Advisors LLC now owns 15,062 shares of the company’s stock worth $255,000 after acquiring an additional 4,984 shares during the last quarter. Hedge funds and other institutional investors own 78.64% of the company’s stock.

WisdomTree Company Profile

WisdomTree, Inc is a financial services company that operates as an exchange-traded fund (ETF) and exchange-traded product sponsor and asset manager. The company develops and manages investment strategies designed to provide exposure to equities, fixed income, currencies, commodities, alternatives and other asset classes.

Its product offerings include dividend-focused, growth and value ETFs, actively managed funds, currency and commodity products, and funds focused on environmental, social and governance themes.