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

WisdomTree, Inc. (NYSE:WT) has been assigned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $12.54.

WT has been the subject of a number of recent research reports. Northcoast Research cut WisdomTree from a “buy” rating to a “neutral” rating in a report on Thursday, January 2nd. Keefe, Bruyette & Woods lowered their target price on WisdomTree from $12.00 to $10.50 and set a “market perform” rating for the company in a report on Tuesday, January 14th.

Insider Buying and Selling at WisdomTree

In other WisdomTree news, insider Alexis Marinof sold 90,980 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $9.87, for a total value of $897,972.60. Following the sale, the insider now owns 221,146 shares in the company, valued at approximately $2,182,711.02. The trade was a 29.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Etfs Capital Limited. sold 3,000,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $11.34, for a total value of $34,020,000.00. Following the completion of the sale, the insider now owns 12,250,000 shares in the company, valued at $138,915,000. This trade represents a 19.67 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On WisdomTree

Institutional investors and hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. boosted its position in shares of WisdomTree by 21.3% during the 3rd quarter. Victory Capital Management Inc. now owns 2,332,762 shares of the company’s stock valued at $23,304,000 after purchasing an additional 410,348 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of WisdomTree by 26.9% during the 3rd quarter. Principal Financial Group Inc. now owns 708,842 shares of the company’s stock valued at $7,081,000 after purchasing an additional 150,257 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its position in shares of WisdomTree by 180.4% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 115,289 shares of the company’s stock valued at $1,152,000 after purchasing an additional 74,173 shares in the last quarter. Crawford Fund Management LLC boosted its position in shares of WisdomTree by 34.0% during the 3rd quarter. Crawford Fund Management LLC now owns 499,874 shares of the company’s stock valued at $4,994,000 after purchasing an additional 126,700 shares in the last quarter. Finally, Quantbot Technologies LP boosted its position in shares of WisdomTree by 586.0% during the 3rd quarter. Quantbot Technologies LP now owns 250,017 shares of the company’s stock valued at $2,498,000 after purchasing an additional 213,571 shares in the last quarter. Institutional investors own 78.64% of the company’s stock.

WisdomTree Price Performance

WisdomTree stock opened at $9.09 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.13 and a current ratio of 2.92. WisdomTree has a 52 week low of $7.94 and a 52 week high of $12.45. The stock has a market capitalization of $1.33 billion, a P/E ratio of 29.32 and a beta of 1.47. The stock has a fifty day moving average of $9.78 and a 200-day moving average of $10.25.

WisdomTree (NYSE:WT) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. On average, sell-side analysts expect that WisdomTree will post 0.72 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.32%. WisdomTree’s dividend payout ratio (DPR) is presently 38.71%.

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.