WisdomTree, Inc. (NYSE:WT) Receives $17.45 Average Target Price from Analysts

Shares of WisdomTree, Inc. (NYSE:WT) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $17.40.

A number of equities analysts have commented on the stock. Wall Street Zen lowered shares of WisdomTree from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Oppenheimer dropped their price objective on shares of WisdomTree from $21.00 to $20.00 and set an “outperform” rating for the company in a report on Thursday, March 26th. Morgan Stanley cut their target price on shares of WisdomTree from $16.75 to $16.50 and set an “equal weight” rating for the company in a research note on Wednesday. The Goldman Sachs Group boosted their target price on WisdomTree from $14.00 to $15.50 and gave the stock a “neutral” rating in a report on Monday, February 2nd. Finally, Zacks Research lowered WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Tuesday.

WisdomTree Stock Performance

WisdomTree stock opened at $14.47 on Friday. The firm has a market capitalization of $2.05 billion, a P/E ratio of 19.29 and a beta of 1.11. The stock has a fifty day moving average price of $15.85 and a two-hundred day moving average price of $13.77. 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 current ratio of 1.75 and a quick ratio of 1.37.

WisdomTree (NYSE:WT) last issued its earnings results on Friday, January 30th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.23 by $0.06. WisdomTree had a net margin of 22.10% and a return on equity of 30.24%. The company had revenue of $147.43 million for the quarter, compared to the consensus estimate of $142.78 million. During the same quarter in the previous year, the company earned $0.17 EPS. The firm’s revenue for the quarter was up 33.2% compared to the same quarter last year. As a group, analysts anticipate that WisdomTree will post 0.72 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Wednesday, February 11th. WisdomTree’s dividend payout ratio is presently 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 dated Wednesday, February 25th. The stock was sold at an average price of $16.84, for a total value of $505,200.00. Following the completion of the transaction, the chief operating officer directly owned 1,140,245 shares of the company’s stock, valued at $19,201,725.80. The trade was a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 9.30% of the company’s stock.

Institutional Investors Weigh In On WisdomTree

A number of hedge funds have recently added to or reduced their stakes in WT. Sowell Financial Services LLC raised its stake in shares of WisdomTree by 6.3% in the fourth quarter. Sowell Financial Services LLC now owns 11,518 shares of the company’s stock worth $140,000 after acquiring an additional 680 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of WisdomTree by 3.9% in the fourth quarter. Russell Investments Group Ltd. now owns 20,605 shares of the company’s stock valued at $251,000 after purchasing an additional 778 shares in the last quarter. Cooper Financial Group raised its position in WisdomTree by 6.6% in the 4th quarter. Cooper Financial Group now owns 12,849 shares of the company’s stock worth $157,000 after purchasing an additional 799 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in WisdomTree by 3.4% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 27,056 shares of the company’s stock worth $376,000 after purchasing an additional 900 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in WisdomTree by 4.2% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 22,957 shares of the company’s stock worth $264,000 after buying an additional 927 shares in the last quarter. 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.