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

WisdomTree, Inc. (NYSE:WT) has earned an average rating of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $18.80.

WT has been the topic of a number of research reports. Morgan Stanley set a $18.00 price objective on shares of WisdomTree in a research report on Thursday, April 30th. The Goldman Sachs Group reissued a “neutral” rating and issued a $16.80 price objective on shares of WisdomTree in a research report on Tuesday, May 5th. Weiss Ratings lowered shares of WisdomTree from a “buy (b)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Zacks Research lowered shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, Oppenheimer boosted their price objective on shares of WisdomTree from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th.

Insider Buying and Selling at WisdomTree

In other WisdomTree news, insider David M. Yates sold 15,000 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $18.06, for a total transaction of $270,900.00. Following the sale, the insider directly owned 157,499 shares of the company’s stock, valued at approximately $2,844,431.94. This represents a 8.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO R Jarrett Lilien sold 30,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $18.99, for a total transaction of $569,700.00. Following the sale, the chief operating officer directly owned 1,110,245 shares in the company, valued at $21,083,552.55. This trade represents a 2.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 10.10% of the company’s stock.

Institutional Trading of WisdomTree

Several institutional investors and hedge funds have recently added to or reduced their stakes in WT. Wellington Management Group LLP raised its position in WisdomTree by 236.5% during 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. Capital World Investors bought a new stake in WisdomTree during the fourth quarter worth $30,835,000. Bank of America Corp DE raised its position in WisdomTree by 556.4% during the first quarter. Bank of America Corp DE now owns 2,327,389 shares of the company’s stock worth $33,887,000 after acquiring an additional 1,972,847 shares in the last quarter. Goldman Sachs Group Inc. raised its position in WisdomTree by 116.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,389,653 shares of the company’s stock worth $41,320,000 after acquiring an additional 1,823,777 shares in the last quarter. Finally, Capitolis Liquid Global Markets LLC bought a new stake in WisdomTree during the third quarter worth $24,125,000. 78.64% of the stock is owned by institutional investors.

WisdomTree Stock Performance

Shares of WT stock opened at $17.28 on Friday. The company’s fifty day simple moving average is $17.67 and its 200-day simple moving average is $15.49. 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 firm has a market cap of $2.64 billion, a PE ratio of 42.14 and a beta of 1.15. WisdomTree has a 12 month low of $10.00 and a 12 month high of $19.85.

WisdomTree (NYSE:WT) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $159.50 million for the quarter, compared to analyst estimates of $156.96 million. WisdomTree had a net margin of 11.26% and a return on equity of 33.31%. The firm’s revenue for the quarter was up 47.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.16 earnings per share. Equities research analysts expect that WisdomTree will post 1.14 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 13th. WisdomTree’s dividend payout ratio is 29.27%.

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.