WisdomTree (NYSE:WT) Sets New 1-Year High – Here’s What Happened

WisdomTree, Inc. (NYSE:WT)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock 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.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on WT shares. The Goldman Sachs Group restated a “neutral” rating and set a $16.80 target price on shares of WisdomTree in a research report on Tuesday. Zacks Research cut shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Oppenheimer increased their price objective on shares of WisdomTree from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Wall Street Zen upgraded WisdomTree from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Northland Securities set a $20.00 target price on WisdomTree in a report on Monday, February 2nd. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.47.

WisdomTree Stock Performance

The business’s fifty day moving average is $15.94 and its two-hundred day moving average is $14.17. The company has a quick ratio of 4.18, a current ratio of 4.57 and a debt-to-equity ratio of 2.37. The stock has a market capitalization of $2.90 billion, a PE ratio of 46.43 and a beta of 1.13.

WisdomTree (NYSE:WT) last released its quarterly earnings results on Friday, May 1st. The company reported $0.27 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $156.96 million. During the same quarter in the prior year, the firm earned $0.16 earnings per share. WisdomTree’s revenue was up 47.5% on a year-over-year basis. As a group, research analysts anticipate that WisdomTree, Inc. will post 1.08 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The firm also recently announced 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. This represents a $0.12 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Wednesday, May 13th. WisdomTree’s dividend payout ratio is currently 29.27%.

Insider Activity

In other WisdomTree news, COO R Jarrett Lilien sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $16.84, for a total transaction of $505,200.00. Following the sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David M. Yates sold 15,000 shares of the company’s 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 directly owned 157,499 shares in the company, valued at approximately $2,844,431.94. This represents a 8.70% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 9.30% of the company’s stock.

Institutional Trading of WisdomTree

Several institutional investors and hedge funds have recently modified their holdings of WT. Wellington Management Group LLP boosted its holdings in shares of WisdomTree by 15.7% in the fourth quarter. Wellington Management Group LLP now owns 11,196,229 shares of the company’s stock valued at $136,482,000 after purchasing an additional 1,521,599 shares during the period. Azora Capital LP increased its holdings in WisdomTree by 9.3% during the 4th quarter. Azora Capital LP now owns 6,150,111 shares of the company’s stock worth $74,970,000 after purchasing an additional 521,179 shares during the period. Simcoe Capital Management LLC increased its holdings in WisdomTree by 11.3% during the 4th quarter. Simcoe Capital Management LLC now owns 5,253,340 shares of the company’s stock worth $64,038,000 after purchasing an additional 535,015 shares during the period. Dimensional Fund Advisors LP raised its position in WisdomTree by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,642,042 shares of the company’s stock valued at $44,399,000 after purchasing an additional 61,699 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in WisdomTree by 116.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,389,653 shares of the company’s stock valued at $41,320,000 after purchasing an additional 1,823,777 shares in the last quarter. Institutional investors own 78.64% of the company’s stock.

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.