WisdomTree (NYSE:WT) Sets New 52-Week High at $10.88

Shares of WisdomTree, Inc. (NYSE:WT) hit a new 52-week high on Wednesday . The company traded as high as $10.88 and last traded at $10.82, with a volume of 118668 shares changing hands. The stock had previously closed at $10.80.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods lifted their price target on shares of WisdomTree from $10.00 to $11.00 and gave the stock a “market perform” rating in a report on Friday, July 12th. UBS Group lifted their price objective on WisdomTree from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Morgan Stanley upped their target price on WisdomTree from $7.75 to $9.25 and gave the company an “equal weight” rating in a research note on Wednesday, April 17th. Northland Securities raised WisdomTree from a “market perform” rating to an “outperform” rating and set a $12.00 price target on the stock in a research note on Wednesday, April 3rd. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $11.00 price objective on shares of WisdomTree in a research note on Monday, April 29th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $10.89.

WisdomTree Trading Down 0.8 %

The firm’s fifty day moving average price is $9.78 and its 200-day moving average price is $8.67. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 15.90 and a beta of 1.48. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.95 and a quick ratio of 2.18.

WisdomTree (NYSE:WT) last announced its quarterly earnings results on Friday, April 26th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. WisdomTree had a return on equity of 16.31% and a net margin of 29.80%. The company had revenue of $96.84 million during the quarter, compared to analyst estimates of $94.32 million. During the same quarter in the previous year, the firm posted $0.07 EPS. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. On average, equities analysts expect that WisdomTree, Inc. 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 dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend was Tuesday, May 7th. WisdomTree’s dividend payout ratio (DPR) is currently 17.65%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. CWM LLC grew its holdings in shares of WisdomTree by 85.8% during the second quarter. CWM LLC now owns 2,746 shares of the company’s stock worth $27,000 after purchasing an additional 1,268 shares during the last quarter. Avior Wealth Management LLC acquired a new stake in WisdomTree in the 4th quarter valued at about $40,000. Allspring Global Investments Holdings LLC acquired a new position in shares of WisdomTree during the fourth quarter worth approximately $46,000. Simplex Trading LLC bought a new stake in shares of WisdomTree during the fourth quarter valued at approximately $55,000. Finally, Miracle Mile Advisors LLC acquired a new stake in shares of WisdomTree in the fourth quarter valued at approximately $69,000. Institutional investors and hedge funds own 78.64% of the company’s stock.

WisdomTree Company Profile

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.