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

WisdomTree, Inc. (NYSE:WT) has earned an average rating of “Hold” from the six research firms that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $20.66.

Several analysts recently issued reports on WT shares. The Goldman Sachs Group lifted their target price on WisdomTree from $16.40 to $18.30 and gave the company a “neutral” rating in a research note on Tuesday. Oppenheimer increased their price objective on shares of WisdomTree from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Monday. Zacks Research cut shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Weiss Ratings reissued a “hold (c)” rating on shares of WisdomTree in a report on Wednesday. Finally, Morgan Stanley set a $21.00 target price on shares of WisdomTree in a research report on Wednesday, July 29th.

Insider Activity at WisdomTree

In other WisdomTree news, COO R Jarrett Lilien sold 30,000 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $18.99, for a total transaction of $569,700.00. Following the completion of the transaction, the chief operating officer owned 1,110,245 shares of the company’s stock, valued at $21,083,552.55. This represents a 2.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 10.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On WisdomTree

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WT. Tudor Investment Corp ET AL grew its stake in shares of WisdomTree by 18.7% during the third quarter. Tudor Investment Corp ET AL now owns 591,244 shares of the company’s stock valued at $8,218,000 after buying an additional 93,094 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in WisdomTree by 101.8% during the 1st quarter. Principal Financial Group Inc. now owns 2,009,556 shares of the company’s stock valued at $29,259,000 after acquiring an additional 1,013,658 shares during the period. SG Americas Securities LLC boosted its holdings in WisdomTree by 226.0% during the 4th quarter. SG Americas Securities LLC now owns 165,862 shares of the company’s stock valued at $2,022,000 after acquiring an additional 114,980 shares during the period. Wakefield Asset Management LLLP bought a new position in WisdomTree in the 4th quarter valued at $1,298,000. Finally, Capital Management Corp VA grew its position in WisdomTree by 108.1% in the 4th quarter. Capital Management Corp VA now owns 561,886 shares of the company’s stock valued at $6,849,000 after acquiring an additional 291,851 shares during the last quarter. 78.64% of the stock is owned by institutional investors.

WisdomTree Trading Down 1.1%

Shares of WT stock opened at $21.24 on Friday. WisdomTree has a 52-week low of $10.69 and a 52-week high of $23.15. The company has a debt-to-equity ratio of 2.53, a quick ratio of 2.73 and a current ratio of 3.00. The firm has a market capitalization of $3.22 billion, a PE ratio of 40.84 and a beta of 1.17. The stock has a fifty day simple moving average of $18.92 and a two-hundred day simple moving average of $17.43.

WisdomTree (NYSE:WT) last announced its quarterly earnings data on Friday, July 31st. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.26 by $0.05. The business had revenue of $177.16 million for the quarter, compared to the consensus estimate of $170.62 million. WisdomTree had a return on equity of 39.12% and a net margin of 13.27%.The business’s revenue was up 57.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.18 earnings per share. On average, analysts predict that WisdomTree will post 1.17 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th will be paid a $0.03 dividend. The ex-dividend date is Wednesday, August 12th. This represents a $0.12 annualized dividend and a yield of 0.6%. WisdomTree’s payout ratio is presently 23.08%.

WisdomTree Company Profile

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.