WisdomTree (NYSE:WT) Reaches New 12-Month High – Should You Buy?

WisdomTree, Inc. (NYSE:WT)’s stock price hit a new 52-week high on Friday . The company traded as high as $14.98 and last traded at $14.9750, with a volume of 2410236 shares. The stock had previously closed at $14.22.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WT. Weiss Ratings upgraded shares of WisdomTree from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Wall Street Zen raised shares of WisdomTree from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Zacks Research raised WisdomTree from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. The Goldman Sachs Group decreased their target price on WisdomTree from $14.75 to $13.25 and set a “neutral” rating for the company in a research report on Tuesday, November 25th. Finally, Morgan Stanley upped their price target on WisdomTree from $13.50 to $14.75 and gave the company an “equal weight” rating in a research report on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, WisdomTree presently has an average rating of “Moderate Buy” and an average target price of $14.80.

WisdomTree Price Performance

The firm has a 50-day moving average price of $11.99 and a 200 day moving average price of $12.75. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.41 and a current ratio of 2.82. The stock has a market capitalization of $2.13 billion, a P/E ratio of 23.25 and a beta of 1.08.

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

WisdomTree Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were paid a $0.03 dividend. The ex-dividend date was Wednesday, November 12th. This represents a $0.12 annualized dividend and a dividend yield of 0.8%. WisdomTree’s payout ratio is currently 18.46%.

Insider Buying and Selling

In other news, insider David M. Yates sold 6,820 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $11.12, for a total transaction of $75,838.40. Following the sale, the insider directly owned 152,123 shares in the company, valued at $1,691,607.76. This trade represents a 4.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO R Jarrett Lilien sold 12,500 shares of the firm’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $11.01, for a total transaction of $137,625.00. Following the transaction, the chief operating officer directly owned 998,638 shares of the company’s stock, valued at $10,995,004.38. The trade was a 1.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 44,320 shares of company stock valued at $507,713. 9.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Maryland State Retirement & Pension System raised its stake in WisdomTree by 2.3% during the second quarter. Maryland State Retirement & Pension System now owns 34,056 shares of the company’s stock valued at $392,000 after purchasing an additional 778 shares in the last quarter. Cooper Financial Group increased its holdings in shares of 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 buying an additional 799 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of 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 buying an additional 900 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of WisdomTree by 4.2% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 22,957 shares of the company’s stock valued at $264,000 after buying an additional 927 shares in the last quarter. Finally, Personal CFO Solutions LLC lifted its holdings in shares of WisdomTree by 7.9% in the 2nd quarter. Personal CFO Solutions LLC now owns 13,422 shares of the company’s stock valued at $154,000 after acquiring an additional 986 shares during the last quarter. 78.64% of the stock is owned by hedge funds and other institutional investors.

WisdomTree Company Profile

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.