WisdomTree (NYSE:WT) Sets New 12-Month High – What’s Next?

WisdomTree, Inc. (NYSE:WT)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $15.88 and last traded at $15.7470, with a volume of 6032758 shares changing hands. The stock had previously closed at $15.17.

Wall Street Analyst Weigh In

WT has been the subject of a number of research analyst reports. Morgan Stanley increased their price target on shares of WisdomTree from $13.50 to $14.75 and gave the company an “equal weight” rating in a report on Wednesday, December 17th. Wall Street Zen upgraded shares of WisdomTree from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Zacks Research upgraded shares of WisdomTree from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Northland Securities set a $19.00 price target on WisdomTree in a research note on Friday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of WisdomTree in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.40.

WisdomTree Stock Up 2.3%

The firm’s 50-day moving average price is $12.47 and its 200 day moving average price is $12.89. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 25.07 and a beta of 1.08. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.82 and a quick ratio of 2.41.

WisdomTree (NYSE:WT) last issued its quarterly earnings data on Friday, October 31st. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.02. The firm had revenue of $125.62 million during the quarter, compared to the consensus estimate of $122.00 million. WisdomTree had a return on equity of 26.59% and a net margin of 21.10%.The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.18 EPS. Sell-side analysts expect that WisdomTree, Inc. will post 0.72 EPS for the current year.

WisdomTree Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.7%. WisdomTree’s dividend payout ratio (DPR) is presently 18.46%.

Insider Transactions at WisdomTree

In other WisdomTree news, COO R Jarrett Lilien sold 12,500 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $11.01, for a total transaction of $137,625.00. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David M. Yates sold 6,820 shares of WisdomTree stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $11.12, for a total transaction of $75,838.40. Following the sale, the insider owned 152,123 shares of the company’s stock, valued at approximately $1,691,607.76. This trade represents a 4.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 44,320 shares of company stock valued at $507,713. 9.30% of the stock is currently owned by company insiders.

Institutional Trading of WisdomTree

Several hedge funds and other institutional investors have recently bought and sold shares of WT. Sowell Financial Services LLC raised its holdings in WisdomTree by 6.3% in the 4th quarter. Sowell Financial Services LLC now owns 11,518 shares of the company’s stock valued at $140,000 after acquiring an additional 680 shares during the last quarter. Maryland State Retirement & Pension System grew its position in shares of WisdomTree by 2.3% in the second quarter. Maryland State Retirement & Pension System now owns 34,056 shares of the company’s stock valued at $392,000 after purchasing an additional 778 shares during the period. Cooper Financial Group increased its stake in WisdomTree by 6.6% in the fourth quarter. Cooper Financial Group now owns 12,849 shares of the company’s stock valued at $157,000 after purchasing an additional 799 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in WisdomTree by 3.4% in the third quarter. Oregon Public Employees Retirement Fund now owns 27,056 shares of the company’s stock valued at $376,000 after purchasing an additional 900 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its position in WisdomTree by 4.2% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 22,957 shares of the company’s stock worth $264,000 after buying an additional 927 shares during the period. 78.64% of the stock is owned by hedge funds and other institutional investors.

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.