WisdomTree, Inc. (NYSE:WT) Receives $10.88 Average Target Price from Brokerages

Shares of WisdomTree, Inc. (NYSE:WT) have been assigned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $10.89.

A number of equities research analysts recently weighed in on WT shares. Morgan Stanley boosted their price target on shares of WisdomTree from $7.75 to $9.25 and gave the company an “equal weight” rating in a research report on Wednesday, April 17th. UBS Group raised their price target on WisdomTree from $9.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Northland Securities upgraded WisdomTree from a “market perform” rating to an “outperform” rating and set a $12.00 price objective for the company in a research note on Wednesday, April 3rd. Keefe, Bruyette & Woods increased their price objective on WisdomTree from $10.00 to $11.00 and gave the company a “market perform” rating in a report on Friday, July 12th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $11.00 target price on shares of WisdomTree in a report on Monday, April 29th.

Hedge Funds Weigh In On WisdomTree

A number of large investors have recently bought and sold shares of the company. CWM LLC lifted its holdings in shares of WisdomTree by 85.8% in the 2nd quarter. CWM LLC now owns 2,746 shares of the company’s stock valued at $27,000 after buying an additional 1,268 shares during the period. Avior Wealth Management LLC acquired a new stake in WisdomTree in the fourth quarter valued at $40,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of WisdomTree during the 4th quarter worth $46,000. Simplex Trading LLC acquired a new position in shares of WisdomTree during the 4th quarter worth $55,000. Finally, Miracle Mile Advisors LLC purchased a new position in shares of WisdomTree in the 4th quarter valued at about $69,000. Hedge funds and other institutional investors own 78.64% of the company’s stock.

WisdomTree Trading Up 2.7 %

WT opened at $10.81 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.18 and a current ratio of 2.95. WisdomTree has a one year low of $6.06 and a one year high of $10.85. The company has a market cap of $1.64 billion, a P/E ratio of 15.90 and a beta of 1.49. The business’s 50-day simple moving average is $9.78 and its 200-day simple moving average is $8.67.

WisdomTree (NYSE:WT) last announced its quarterly earnings results on Friday, April 26th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. The company had revenue of $96.84 million for the quarter, compared to analyst estimates of $94.32 million. WisdomTree had a net margin of 29.80% and a return on equity of 16.31%. The firm’s revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.07 earnings per share. As a group, equities research analysts expect that WisdomTree will post 0.56 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were paid a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.12 annualized dividend and a dividend yield of 1.11%. WisdomTree’s dividend payout ratio (DPR) is currently 17.65%.

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.