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

Shares of WisdomTree, Inc. (NYSE:WT) have been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $14.0833.

A number of research analysts have recently weighed in on the company. Morgan Stanley increased their price target on WisdomTree from $13.50 to $14.75 and gave the company an “equal weight” rating in a research note on Wednesday, December 17th. The Goldman Sachs Group cut their target price on WisdomTree from $14.75 to $13.25 and set a “neutral” rating on the stock in a research note on Tuesday, November 25th. Weiss Ratings upgraded WisdomTree from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Zacks Research upgraded WisdomTree from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Finally, Wall Street Zen upgraded shares of WisdomTree from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th.

WisdomTree Stock Up 1.2%

Shares of NYSE:WT opened at $13.61 on Tuesday. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.82 and a quick ratio of 2.41. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 20.94 and a beta of 1.08. The company has a 50 day moving average of $11.86 and a 200-day moving average of $12.71. WisdomTree has a one year low of $7.47 and a one year high of $14.95.

WisdomTree (NYSE:WT) last announced its quarterly earnings data on Friday, October 31st. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. WisdomTree had a net margin of 21.10% and a return on equity of 26.59%. The firm had revenue of $125.62 million for the quarter, compared to analysts’ expectations of $122.00 million. During the same period last year, the firm earned $0.18 earnings per share. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, sell-side analysts forecast that WisdomTree will post 0.72 earnings per share for the current year.

WisdomTree Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Wednesday, November 12th. WisdomTree’s payout ratio is 18.46%.

Insider Activity at WisdomTree

In other WisdomTree news, COO R Jarrett Lilien sold 25,000 shares of WisdomTree stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $11.77, for a total value of $294,250.00. Following the transaction, the chief operating officer owned 1,011,138 shares of the company’s stock, valued at approximately $11,901,094.26. The trade was a 2.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider David M. Yates sold 6,820 shares of the company’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 transaction of $75,838.40. Following the completion of the transaction, the insider owned 152,123 shares of the company’s stock, valued at $1,691,607.76. This trade represents a 4.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 44,320 shares of company stock valued at $507,713 over the last quarter. 9.30% of the stock is owned by insiders.

Hedge Funds Weigh In On WisdomTree

Hedge funds have recently made changes to their positions in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in WisdomTree by 2.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 456,990 shares of the company’s stock valued at $4,076,000 after purchasing an additional 12,402 shares during the period. Jane Street Group LLC lifted its holdings in WisdomTree by 379.3% during the 1st quarter. Jane Street Group LLC now owns 880,977 shares of the company’s stock worth $7,858,000 after buying an additional 697,156 shares during the period. Voya Investment Management LLC grew its position in shares of WisdomTree by 8.9% in the 1st quarter. Voya Investment Management LLC now owns 497,432 shares of the company’s stock valued at $4,437,000 after buying an additional 40,485 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in shares of WisdomTree in the second quarter valued at about $120,000. Finally, Park Avenue Securities LLC increased its stake in shares of WisdomTree by 20.9% in the second quarter. Park Avenue Securities LLC now owns 39,863 shares of the company’s stock valued at $459,000 after buying an additional 6,890 shares during the period. 78.64% of the stock is owned by 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.