Brokerages Set WisdomTree, Inc. (NYSE:WT) PT at $17.25

Shares of WisdomTree, Inc. (NYSE:WT) have been assigned an average rating of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $17.25.

WT has been the topic of a number of recent research reports. Zacks Research lowered shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. The Goldman Sachs Group boosted their price objective on shares of WisdomTree from $14.00 to $15.50 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Wall Street Zen upgraded shares of WisdomTree from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Morgan Stanley boosted their price target on WisdomTree from $13.50 to $14.75 and gave the company an “equal weight” rating in a report on Wednesday, December 17th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of WisdomTree in a research note on Wednesday, January 21st.

WisdomTree Trading Up 1.5%

Shares of WisdomTree stock opened at $15.97 on Friday. WisdomTree has a 1 year low of $7.47 and a 1 year high of $17.09. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.75 and a quick ratio of 1.37. The business has a 50 day moving average price of $13.62 and a 200 day moving average price of $13.15. The company has a market capitalization of $2.25 billion, a P/E ratio of 21.29 and a beta of 1.09.

WisdomTree (NYSE:WT) last released its quarterly earnings results on Friday, January 30th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.06. The company had revenue of $147.40 million during the quarter, compared to the consensus estimate of $142.78 million. WisdomTree had a return on equity of 30.24% and a net margin of 22.10%.WisdomTree’s revenue was up 33.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.17 earnings per share. Sell-side analysts anticipate that WisdomTree will post 0.72 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, February 11th. WisdomTree’s dividend payout ratio (DPR) is presently 16.00%.

Insider Activity

In related news, insider David M. Yates sold 6,820 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $11.12, for a total value of $75,838.40. Following the completion of the sale, the insider directly owned 152,123 shares in the company, valued at approximately $1,691,607.76. The trade was a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO R Jarrett Lilien sold 12,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $11.01, for a total transaction of $137,625.00. Following the transaction, the chief operating officer directly owned 998,638 shares of the company’s stock, valued at $10,995,004.38. This trade represents a 1.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 44,320 shares of company stock valued at $507,713 in the last 90 days. 9.30% of the stock is owned by company insiders.

Institutional Trading of WisdomTree

Institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its holdings in WisdomTree by 236.5% in the third quarter. Wellington Management Group LLP now owns 9,674,630 shares of the company’s stock valued at $134,477,000 after acquiring an additional 6,799,654 shares during the last quarter. Simcoe Capital Management LLC raised its holdings in shares of WisdomTree by 23.5% in the 2nd quarter. Simcoe Capital Management LLC now owns 4,924,550 shares of the company’s stock worth $56,682,000 after purchasing an additional 935,505 shares during the period. Geode Capital Management LLC lifted its stake in shares of WisdomTree by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 2,796,512 shares of the company’s stock valued at $34,093,000 after purchasing an additional 26,776 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of WisdomTree by 123.4% during the 3rd quarter. American Century Companies Inc. now owns 1,968,507 shares of the company’s stock worth $27,362,000 after purchasing an additional 1,087,460 shares during the period. Finally, Capitolis Liquid Global Markets LLC acquired a new stake in WisdomTree during the 3rd quarter worth approximately $24,125,000. 78.64% of the stock is owned by hedge funds and other institutional investors.

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.