WisdomTree, Inc. (WT) – What Are Analysts Thinking About This Stock?

Shares of WisdomTree, Inc. (NYSE:WT) have been given an average rating of “Moderate Buy” by the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $26.05.

Several equities analysts have recently commented on WT shares. Weiss Ratings upgraded shares of WisdomTree from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Craig Hallum lifted their price objective on WisdomTree from $24.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, October 2nd. Wall Street Zen raised WisdomTree from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Zacks Research upgraded WisdomTree from a “hold” rating to a “strong-buy” rating in a report on Monday, September 28th. Finally, Oppenheimer raised their target price on WisdomTree from $22.00 to $27.00 and gave the company an “outperform” rating in a report on Wednesday, August 26th.

WisdomTree Trading Down 0.3%

WT opened at $21.32 on Thursday. WisdomTree has a one year low of $10.69 and a one year high of $25.91. The stock has a market capitalization of $3.23 billion, a PE ratio of 41.00 and a beta of 1.17. The business’s 50 day moving average price is $23.41 and its 200 day moving average price is $20.14. The company has a debt-to-equity ratio of 2.53, a quick ratio of 2.73 and a current ratio of 3.00.

WisdomTree (NYSE:WT) last posted its earnings results on Friday, July 31st. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.05. The company had revenue of $177.16 million during the quarter, compared to analysts’ expectations of $170.62 million. WisdomTree had a return on equity of 39.12% and a net margin of 13.27%. The firm’s quarterly revenue was up 57.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 earnings per share. As a group, equities research analysts expect that WisdomTree will post 1.20 EPS for the current year.

WisdomTree Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Wednesday, August 12th. WisdomTree’s dividend payout ratio (DPR) is currently 23.08%.

Insider Activity at WisdomTree

In other news, COO R. Jarrett Lilien sold 30,000 shares of the company’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $24.56, for a total transaction of $736,800.00. Following the sale, the chief operating officer owned 1,080,245 shares of the company’s stock, valued at approximately $26,530,817.20. This represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On WisdomTree

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in WisdomTree in the second quarter worth approximately $326,513,000. The Manufacturers Life Insurance Company acquired a new stake in shares of WisdomTree in the 2nd quarter valued at $1,061,000. Hsbc Holdings PLC raised its holdings in shares of WisdomTree by 576.4% in the 2nd quarter. Hsbc Holdings PLC now owns 362,700 shares of the company’s stock valued at $6,148,000 after purchasing an additional 309,078 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of WisdomTree by 101.8% during the first quarter. Principal Financial Group Inc. now owns 2,009,556 shares of the company’s stock worth $29,259,000 after purchasing an additional 1,013,658 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of WisdomTree by 556.4% during the first quarter. Bank of America Corp DE now owns 2,327,389 shares of the company’s stock worth $33,887,000 after purchasing an additional 1,972,847 shares in the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

WisdomTree Company Profile

WisdomTree, Inc is a financial services company that sponsors and manages exchange-traded funds (ETFs) and exchange-traded products. Its offerings provide access to equities, fixed income, currencies, commodities, alternatives and other asset classes through rules-based investment strategies designed for individual and institutional investors.

The company also provides model portfolios, separately managed accounts and other investment solutions for financial professionals. In addition, WisdomTree has developed products and capabilities related to digital assets and blockchain-enabled financial services, subject to applicable regulatory requirements.

Founded in 1985 and formerly known as WisdomTree Investments, the company launched its first ETFs in 2006 and became known for dividend-focused and fundamentally weighted strategies.