WisdomTree, Inc. (NYSE:WT) Receives Average Rating of “Moderate Buy” from Brokerages

WisdomTree, Inc. (NYSE:WT) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $23.66.

Several equities analysts have recently issued reports on the company. Morgan Stanley set a $21.00 price target on WisdomTree in a research report on Wednesday, July 29th. Oppenheimer increased their price objective on shares of WisdomTree from $22.00 to $27.00 and gave the company an “outperform” rating in a research report on Wednesday, August 26th. Northland Securities raised their price objective on shares of WisdomTree from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Raymond James Financial reaffirmed an “outperform” rating and issued a $26.00 target price on shares of WisdomTree in a report on Thursday, August 27th. Finally, The Goldman Sachs Group increased their price target on shares of WisdomTree from $16.40 to $18.30 and gave the company a “neutral” rating in a report on Tuesday, August 4th.

WisdomTree Stock Performance

WisdomTree stock opened at $24.46 on Wednesday. The company has a quick ratio of 2.73, a current ratio of 3.00 and a debt-to-equity ratio of 2.53. The company has a market capitalization of $3.71 billion, a P/E ratio of 47.04 and a beta of 1.20. The stock’s 50 day moving average is $20.70 and its 200 day moving average is $18.32. WisdomTree has a twelve month low of $10.69 and a twelve month high of $25.89.

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

WisdomTree Dividend Announcement

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

Institutional Trading of WisdomTree

A number of institutional investors and hedge funds have recently modified their holdings of WT. Russell Investments Group Ltd. raised its stake 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 worth $251,000 after purchasing an additional 778 shares during the last quarter. Clearstead Trust LLC purchased a new stake in shares of WisdomTree during the second quarter valued at $92,000. Pictet Asset Management Holding SA boosted its position in shares of WisdomTree by 5.3% during the first quarter. Pictet Asset Management Holding SA now owns 21,947 shares of the company’s stock valued at $320,000 after buying an additional 1,108 shares during the last quarter. Osaic Holdings Inc. increased its holdings in WisdomTree by 1.5% in the 2nd quarter. Osaic Holdings Inc. now owns 87,126 shares of the company’s stock worth $1,003,000 after buying an additional 1,266 shares in the last quarter. Finally, Illinois Municipal Retirement Fund raised its position in WisdomTree by 2.1% in the 4th quarter. Illinois Municipal Retirement Fund now owns 61,799 shares of the company’s stock worth $753,000 after buying an additional 1,281 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.