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

Shares of WisdomTree, Inc. (NYSE:WT) have received a consensus rating of “Hold” from the seven ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $12.58.

Separately, The Goldman Sachs Group upped their price target on shares of WisdomTree from $8.50 to $9.50 and gave the company a “sell” rating in a research report on Thursday, June 12th.

WisdomTree Stock Up 2.1%

Shares of NYSE:WT opened at $11.11 on Friday. The company has a market capitalization of $1.63 billion, a PE ratio of 31.73 and a beta of 1.11. The company has a current ratio of 3.83, a quick ratio of 2.79 and a debt-to-equity ratio of 1.23. WisdomTree has a twelve month low of $7.47 and a twelve month high of $12.45. The firm has a 50 day simple moving average of $9.56 and a 200-day simple moving average of $9.48.

WisdomTree (NYSE:WT) last released its quarterly earnings results on Friday, May 2nd. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. WisdomTree had a net margin of 15.77% and a return on equity of 25.46%. The firm had revenue of $108.08 million during the quarter, compared to the consensus estimate of $108.47 million. During the same quarter in the prior year, the firm earned $0.12 EPS. WisdomTree’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, equities analysts predict that WisdomTree will post 0.72 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.12 dividend on an annualized basis and a yield of 1.08%. WisdomTree’s payout ratio is currently 34.29%.

Hedge Funds Weigh In On WisdomTree

Institutional investors and hedge funds have recently made changes to their positions in the stock. Truist Financial Corp grew its stake in shares of WisdomTree by 142.9% during the 4th quarter. Truist Financial Corp now owns 73,579 shares of the company’s stock worth $773,000 after purchasing an additional 43,293 shares during the period. Gabelli Funds LLC grew its stake in shares of WisdomTree by 448.6% during the 4th quarter. Gabelli Funds LLC now owns 109,717 shares of the company’s stock worth $1,152,000 after purchasing an additional 89,717 shares during the period. Bank of America Corp DE grew its stake in WisdomTree by 93.8% in the 4th quarter. Bank of America Corp DE now owns 313,859 shares of the company’s stock valued at $3,296,000 after acquiring an additional 151,926 shares during the last quarter. Ameriprise Financial Inc. grew its stake in WisdomTree by 10.9% in the 4th quarter. Ameriprise Financial Inc. now owns 353,250 shares of the company’s stock valued at $3,709,000 after acquiring an additional 34,670 shares during the last quarter. Finally, SRN Advisors LLC grew its stake in WisdomTree by 102.6% in the 4th quarter. SRN Advisors LLC now owns 106,000 shares of the company’s stock valued at $1,113,000 after acquiring an additional 53,684 shares during the last quarter. 78.64% of the stock is owned by institutional investors and hedge funds.

About WisdomTree

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.