WisdomTree (NYSE:WT) Sets New 12-Month High – Here’s What Happened

WisdomTree, Inc. (NYSE:WT)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $19.03 and last traded at $19.04, with a volume of 626379 shares changing hands. The stock had previously closed at $18.24.

Analysts Set New Price Targets

Several brokerages recently commented on WT. Wall Street Zen raised shares of WisdomTree from a “hold” rating to a “buy” rating in a research report on Sunday, May 3rd. The Goldman Sachs Group reissued a “neutral” rating and set a $16.80 price target on shares of WisdomTree in a research report on Tuesday. Oppenheimer upped their price target on WisdomTree from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Raymond James Financial initiated coverage on WisdomTree in a research note on Tuesday, April 21st. They issued an “outperform” rating and a $20.00 price objective on the stock. Finally, Morgan Stanley set a $18.00 target price on WisdomTree in a report on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.47.

WisdomTree Stock Up 2.1%

The company has a debt-to-equity ratio of 2.37, a current ratio of 4.57 and a quick ratio of 4.18. The firm’s 50-day moving average price is $16.03 and its 200 day moving average price is $14.25. The firm has a market cap of $2.91 billion, a P/E ratio of 46.61 and a beta of 1.13.

WisdomTree (NYSE:WT) last issued its earnings results on Friday, May 1st. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. WisdomTree had a net margin of 11.26% and a return on equity of 33.31%. The company had revenue of $159.50 million for the quarter, compared to analysts’ expectations of $156.96 million. During the same period in the prior year, the company earned $0.16 earnings per share. The firm’s revenue was up 47.5% compared to the same quarter last year. On average, equities research analysts expect that WisdomTree, Inc. will post 1.11 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

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

Insider Activity

In other news, COO R Jarrett Lilien sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $16.84, for a total transaction of $505,200.00. Following the completion of the transaction, the chief operating officer owned 1,140,245 shares in the company, valued at approximately $19,201,725.80. This trade represents a 2.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider David M. Yates sold 15,000 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $18.06, for a total value of $270,900.00. Following the transaction, the insider owned 157,499 shares in the company, valued at approximately $2,844,431.94. This trade represents a 8.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 9.30% of the company’s stock.

Institutional Investors Weigh In On WisdomTree

A number of institutional investors have recently added to or reduced their stakes in the company. Team Financial Group LLC bought a new position in WisdomTree in the first quarter worth $29,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of WisdomTree by 163.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company’s stock valued at $30,000 after acquiring an additional 1,521 shares during the period. Quarry LP lifted its holdings in shares of WisdomTree by 1,679.0% during the third quarter. Quarry LP now owns 2,206 shares of the company’s stock valued at $31,000 after acquiring an additional 2,082 shares during the period. Quattro Advisors LLC bought a new position in shares of WisdomTree during the fourth quarter valued at $31,000. Finally, First Horizon Corp bought a new position in shares of WisdomTree during the third quarter valued at $32,000. 78.64% of the stock is owned by institutional investors and hedge funds.

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.