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

Shares of WisdomTree, Inc. (NYSE:WT) have earned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $14.0833.

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

Insiders Place Their Bets

In other WisdomTree news, COO R Jarrett Lilien sold 12,500 shares of WisdomTree stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $11.01, for a total value of $137,625.00. Following the completion of the sale, the chief operating officer directly owned 998,638 shares of the company’s stock, valued at approximately $10,995,004.38. The trade was a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David M. Yates sold 6,820 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $11.12, for a total transaction of $75,838.40. Following the transaction, the insider owned 152,123 shares in the company, valued at $1,691,607.76. This represents a 4.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 44,320 shares of company stock valued at $507,713 over the last 90 days. Corporate insiders own 9.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its holdings in WisdomTree by 236.5% in the third quarter. Wellington Management Group LLP now owns 9,674,630 shares of the company’s stock worth $134,477,000 after acquiring an additional 6,799,654 shares in the last quarter. Capitolis Liquid Global Markets LLC acquired a new position in shares of WisdomTree during the third quarter worth approximately $24,125,000. Arrowstreet Capital Limited Partnership raised its position in shares of WisdomTree by 463.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,697,707 shares of the company’s stock worth $23,598,000 after purchasing an additional 1,396,569 shares during the period. Tidal Investments LLC bought a new position in shares of WisdomTree in the 2nd quarter worth $15,649,000. Finally, Prudential Financial Inc. grew its position in WisdomTree by 1,119.9% in the 2nd quarter. Prudential Financial Inc. now owns 1,423,293 shares of the company’s stock valued at $16,382,000 after purchasing an additional 1,306,620 shares during the period. 78.64% of the stock is owned by institutional investors and hedge funds.

WisdomTree Stock Up 1.2%

WisdomTree stock opened at $13.61 on Tuesday. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 20.94 and a beta of 1.08. WisdomTree has a 52-week low of $7.47 and a 52-week high of $14.95. 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 firm has a 50 day moving average price of $11.86 and a two-hundred day moving average price of $12.71.

WisdomTree (NYSE:WT) last posted its quarterly earnings data on Friday, October 31st. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. WisdomTree had a net margin of 21.10% and a return on equity of 26.59%. The company had revenue of $125.62 million during the quarter, compared to analysts’ expectations of $122.00 million. During the same period in the prior year, the company posted $0.18 earnings per share. WisdomTree’s revenue for the quarter was up 11.0% compared to the same quarter last year. Equities analysts predict that WisdomTree will post 0.72 EPS for the current year.

WisdomTree Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Wednesday, November 12th. WisdomTree’s payout ratio is presently 18.46%.

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.