WisdomTree, Inc. (NYSE:WT) Given Consensus Rating of “Moderate Buy” by Brokerages

WisdomTree, Inc. (NYSE:WT) has been assigned an average rating of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $14.0833.

Several equities research analysts recently commented on the stock. Weiss Ratings raised shares of WisdomTree from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Craig Hallum reissued a “buy” rating on shares of WisdomTree in a research note on Monday, August 4th. The Goldman Sachs Group boosted their price target on WisdomTree from $12.25 to $14.50 and gave the company a “neutral” rating in a report on Monday, October 6th. Northland Securities set a $16.00 price objective on WisdomTree in a report on Wednesday, September 3rd. Finally, Morgan Stanley lifted their target price on WisdomTree from $12.50 to $13.50 and gave the company an “equal weight” rating in a research report on Monday, October 6th.

WisdomTree Price Performance

NYSE WT opened at $10.93 on Monday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.04 and a current ratio of 1.44. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 28.03 and a beta of 1.17. The business has a 50 day simple moving average of $12.76 and a 200 day simple moving average of $12.17. WisdomTree has a 52-week low of $7.47 and a 52-week high of $14.95.

WisdomTree (NYSE:WT) last released its quarterly earnings results on Friday, October 31st. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. WisdomTree had a net margin of 16.25% and a return on equity of 25.17%. The company had revenue of $125.62 million during the quarter, compared to analysts’ expectations of $122.00 million. During the same quarter in the prior year, the company earned $0.18 earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. Analysts anticipate that WisdomTree will post 0.72 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be issued a $0.03 dividend. The ex-dividend date is Wednesday, November 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.1%. WisdomTree’s dividend payout ratio (DPR) is 18.46%.

Insider Activity at WisdomTree

In related news, COO R Jarrett Lilien sold 25,000 shares of the stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $11.77, for a total transaction of $294,250.00. Following the completion of the transaction, the chief operating officer owned 1,011,138 shares in the company, valued at approximately $11,901,094.26. This represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 9.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On WisdomTree

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in WisdomTree during the 1st quarter worth about $197,000. Cetera Investment Advisers increased its position in shares of WisdomTree by 29.7% in the first quarter. Cetera Investment Advisers now owns 90,503 shares of the company’s stock valued at $807,000 after acquiring an additional 20,724 shares during the last quarter. Skandinaviska Enskilda Banken AB publ bought a new stake in WisdomTree during the first quarter worth about $238,000. Sheaff Brock Investment Advisors LLC boosted its position in WisdomTree by 2.8% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 42,908 shares of the company’s stock valued at $383,000 after purchasing an additional 1,155 shares during the last quarter. Finally, XTX Topco Ltd boosted its position in WisdomTree by 88.9% during the first quarter. XTX Topco Ltd now owns 154,068 shares of the company’s stock valued at $1,374,000 after purchasing an additional 72,523 shares during the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

About WisdomTree

WisdomTree, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.