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

WisdomTree, Inc. (NYSE:WT) has been given a consensus rating of “Moderate Buy” by the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $17.45.

A number of brokerages have recently commented on WT. Oppenheimer cut their price target on WisdomTree from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Thursday. Zacks Research raised WisdomTree from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. The Goldman Sachs Group upped their price target on WisdomTree from $14.00 to $15.50 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of WisdomTree in a report on Wednesday, January 21st. Finally, Morgan Stanley set a $16.75 price objective on shares of WisdomTree in a research report on Tuesday, February 10th.

Insider Activity at WisdomTree

In other news, COO R Jarrett Lilien sold 30,000 shares of the stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $16.84, for a total transaction of $505,200.00. Following the completion of the transaction, the chief operating officer directly owned 1,140,245 shares in the company, valued at $19,201,725.80. This represents a 2.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 9.30% of the stock is currently owned by corporate insiders.

Institutional Trading of WisdomTree

Institutional investors and hedge funds have recently bought and sold shares of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in WisdomTree by 2.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 456,990 shares of the company’s stock valued at $4,076,000 after purchasing an additional 12,402 shares during the last quarter. Jane Street Group LLC increased its position in shares of WisdomTree by 379.3% during the 1st quarter. Jane Street Group LLC now owns 880,977 shares of the company’s stock worth $7,858,000 after purchasing an additional 697,156 shares during the last quarter. Creative Planning increased its position in shares of WisdomTree by 4.7% during the 2nd quarter. Creative Planning now owns 118,563 shares of the company’s stock worth $1,365,000 after purchasing an additional 5,309 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its stake 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 worth $264,000 after purchasing an additional 927 shares in the last quarter. Finally, Swiss National Bank raised its stake in shares of WisdomTree by 5.5% during the 2nd quarter. Swiss National Bank now owns 238,800 shares of the company’s stock worth $2,749,000 after purchasing an additional 12,400 shares in the last quarter. Institutional investors own 78.64% of the company’s stock.

WisdomTree Price Performance

NYSE WT opened at $13.91 on Friday. The business has a 50 day simple moving average of $15.94 and a 200 day simple moving average of $13.76. WisdomTree has a 52-week low of $7.47 and a 52-week high of $17.68. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.37 and a current ratio of 1.75. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 18.54 and a beta of 1.09.

WisdomTree (NYSE:WT) last released its quarterly earnings results on Friday, January 30th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.06. The company had revenue of $147.43 million during the quarter, compared to analysts’ expectations of $142.78 million. WisdomTree had a net margin of 22.10% and a return on equity of 30.24%. The business’s quarterly revenue was up 33.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.17 earnings per share. Analysts anticipate that WisdomTree will post 0.72 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $0.12 annualized dividend and a yield of 0.9%. WisdomTree’s payout ratio is 16.00%.

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.