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

WisdomTree, Inc. (NYSE:WT) has been given an average rating of “Moderate Buy” by the seven ratings firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $20.06.

A number of analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of WisdomTree from $18.00 to $20.50 and gave the stock an “equal weight” rating in a report on Friday, June 26th. Oppenheimer boosted their price target on WisdomTree from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Weiss Ratings cut WisdomTree from a “buy (b)” rating to a “hold (c)” rating in a report on Friday, May 8th. Zacks Research upgraded WisdomTree from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $16.80 price target on shares of WisdomTree in a research report on Tuesday, May 5th.

WisdomTree Stock Performance

Shares of NYSE WT traded down $0.66 during trading hours on Tuesday, reaching $19.20. The stock had a trading volume of 3,604,599 shares, compared to its average volume of 3,059,072. The firm has a 50-day moving average of $18.46 and a 200-day moving average of $16.44. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 46.83 and a beta of 1.18. The company has a current ratio of 4.57, a quick ratio of 4.18 and a debt-to-equity ratio of 2.37. WisdomTree has a fifty-two week low of $10.69 and a fifty-two week high of $20.18.

WisdomTree (NYSE:WT) last announced its earnings results on Friday, May 1st. The company reported $0.27 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 business had revenue of $159.50 million during the quarter, compared to analysts’ expectations of $156.96 million. During the same period in the prior year, the company earned $0.16 earnings per share. The business’s revenue was up 47.5% compared to the same quarter last year. Equities research analysts predict that WisdomTree will post 1.14 earnings per share for the current year.

WisdomTree Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Wednesday, May 13th. WisdomTree’s dividend payout ratio (DPR) is currently 29.27%.

Insider Transactions at WisdomTree

In other WisdomTree news, COO R Jarrett Lilien sold 30,000 shares of WisdomTree stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $18.99, for a total value of $569,700.00. Following the completion of the sale, the chief operating officer directly owned 1,110,245 shares of the company’s stock, valued at approximately $21,083,552.55. The trade was a 2.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $270,900.00. Following the completion of the transaction, the insider owned 157,499 shares of the company’s stock, valued at $2,844,431.94. The trade was a 8.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 10.10% of the company’s stock.

Hedge Funds Weigh In On WisdomTree

A number of hedge funds have recently made changes to their positions in WT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in WisdomTree by 2.8% during the 1st 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 in the last quarter. Jane Street Group LLC increased its holdings in 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. Arrowstreet Capital Limited Partnership increased its stake in shares of WisdomTree by 35.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 301,138 shares of the company’s stock worth $3,466,000 after buying an additional 78,837 shares during the last quarter. Sei Investments Co. boosted its stake in WisdomTree by 722.3% during the 2nd quarter. Sei Investments Co. now owns 93,039 shares of the company’s stock valued at $1,071,000 after acquiring an additional 81,725 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in WisdomTree by 20.0% during the 2nd quarter. AQR Capital Management LLC now owns 482,313 shares of the company’s stock worth $5,551,000 after acquiring an additional 80,361 shares in the last quarter. Hedge funds and other institutional investors own 78.64% of the company’s stock.

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.