WisdomTree, Inc. (NYSE:WT) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of WisdomTree, Inc. (NYSE:WT) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $17.25.

A number of brokerages recently issued reports on WT. Oppenheimer increased their price target on WisdomTree from $17.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday. Northland Securities set a $20.00 price objective on WisdomTree in a report on Monday. Weiss Ratings reiterated a “buy (b-)” rating on shares of WisdomTree in a research report on Wednesday, January 21st. Zacks Research cut WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Finally, Wall Street Zen raised WisdomTree from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th.

Insider Activity at WisdomTree

In other news, insider David M. Yates sold 6,820 shares of the business’s stock in a transaction on Tuesday, December 2nd. The stock was 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 approximately $1,691,607.76. The trade was a 4.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO R Jarrett Lilien sold 25,000 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $11.77, for a total value of $294,250.00. Following the sale, the chief operating officer owned 1,011,138 shares of the company’s stock, valued at approximately $11,901,094.26. This represents a 2.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 44,320 shares of company stock valued at $507,713. Company insiders own 9.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP grew its holdings in shares of WisdomTree by 236.5% during the 3rd quarter. Wellington Management Group LLP now owns 9,674,630 shares of the company’s stock valued at $134,477,000 after purchasing an additional 6,799,654 shares during the last quarter. Simcoe Capital Management LLC lifted its stake in WisdomTree by 23.5% in the 2nd quarter. Simcoe Capital Management LLC now owns 4,924,550 shares of the company’s stock valued at $56,682,000 after purchasing an additional 935,505 shares during the last quarter. American Century Companies Inc. boosted its position in WisdomTree by 123.4% in the third quarter. American Century Companies Inc. now owns 1,968,507 shares of the company’s stock valued at $27,362,000 after buying an additional 1,087,460 shares in the last quarter. Capitolis Liquid Global Markets LLC acquired a new stake in WisdomTree in the third quarter valued at approximately $24,125,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of WisdomTree by 463.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,697,707 shares of the company’s stock worth $23,598,000 after buying an additional 1,396,569 shares during the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

WisdomTree Trading Up 1.7%

WT stock opened at $15.76 on Friday. WisdomTree has a 52 week low of $7.47 and a 52 week high of $17.09. The company has a market capitalization of $2.22 billion, a PE ratio of 21.01 and a beta of 1.09. The company’s 50-day simple moving average is $13.52 and its 200 day simple moving average is $13.14. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.37 and a current ratio of 1.75.

WisdomTree (NYSE:WT) last posted its quarterly earnings data on Friday, January 30th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. WisdomTree had a net margin of 22.10% and a return on equity of 30.24%. The firm had revenue of $147.40 million during the quarter, compared to the consensus estimate of $142.78 million. During the same quarter in the previous year, the firm posted $0.17 EPS. The business’s revenue for the quarter was up 33.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that WisdomTree will post 0.72 earnings per share for the current year.

WisdomTree Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, February 11th. WisdomTree’s dividend payout ratio (DPR) is 16.00%.

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.