WisdomTree, Inc. (NYSE:WT) Receives $14.08 Consensus Price Target from Brokerages

Shares of WisdomTree, Inc. (NYSE:WT) have been given an average rating of “Moderate Buy” by the seven research firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $14.80.

WT has been the topic of several analyst reports. Morgan Stanley lifted their price target on shares of WisdomTree from $13.50 to $14.75 and gave the company an “equal weight” rating in a report on Wednesday, December 17th. The Goldman Sachs Group lowered their target price on shares of WisdomTree from $14.75 to $13.25 and set a “neutral” rating on the stock in a research note on Tuesday, November 25th. Zacks Research upgraded WisdomTree from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Wall Street Zen upgraded WisdomTree from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings raised WisdomTree from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th.

WisdomTree Trading Up 2.0%

NYSE:WT opened at $14.21 on Tuesday. WisdomTree has a one year low of $7.47 and a one year high of $14.95. The business has a fifty day moving average price of $11.99 and a 200-day moving average price of $12.75. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 21.86 and a beta of 1.08. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.82 and a quick ratio of 2.41.

WisdomTree (NYSE:WT) last released its quarterly earnings results on Friday, October 31st. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02. WisdomTree had a return on equity of 26.59% and a net margin of 21.10%.The business had revenue of $125.62 million during the quarter, compared to analyst estimates of $122.00 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. WisdomTree’s revenue for the quarter was up 11.0% on a year-over-year basis. Sell-side analysts forecast that WisdomTree will post 0.72 EPS for the current year.

WisdomTree Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were given a dividend of $0.03 per share. The ex-dividend date was Wednesday, November 12th. This represents a $0.12 annualized dividend and a dividend yield of 0.8%. WisdomTree’s dividend payout ratio (DPR) is presently 18.46%.

Insiders Place Their Bets

In other news, COO R Jarrett Lilien sold 25,000 shares of WisdomTree stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $11.77, for a total value of $294,250.00. Following the sale, the chief operating officer directly owned 1,011,138 shares of the company’s stock, valued at approximately $11,901,094.26. The trade was a 2.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider David M. Yates sold 6,820 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $11.12, for a total value of $75,838.40. Following the transaction, the insider directly owned 152,123 shares of the company’s stock, valued at approximately $1,691,607.76. The trade was a 4.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 44,320 shares of company stock valued at $507,713. 9.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On WisdomTree

Several large investors have recently bought and sold shares of the business. Wellington Management Group LLP grew its stake in shares of WisdomTree by 236.5% in the 3rd quarter. Wellington Management Group LLP now owns 9,674,630 shares of the company’s stock worth $134,477,000 after buying an additional 6,799,654 shares in the last quarter. Capitolis Liquid Global Markets LLC bought a new position in shares of WisdomTree in the 3rd quarter valued at about $24,125,000. Arrowstreet Capital Limited Partnership grew its position in WisdomTree by 463.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,697,707 shares of the company’s stock worth $23,598,000 after acquiring an additional 1,396,569 shares in the last quarter. Tidal Investments LLC bought a new stake in WisdomTree during the second quarter worth approximately $15,649,000. Finally, Prudential Financial Inc. increased its stake in WisdomTree by 1,119.9% during the second quarter. Prudential Financial Inc. now owns 1,423,293 shares of the company’s stock worth $16,382,000 after acquiring an additional 1,306,620 shares during 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.