WisdomTree, Inc. (NYSE:WT) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of WisdomTree, Inc. (NYSE:WT) have been given an average recommendation of “Moderate Buy” by the seven analysts that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $17.65.

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of WisdomTree from a “hold” rating to a “buy” rating in a research report on Saturday. Morgan Stanley set a $16.75 price objective on WisdomTree in a research note on Tuesday, February 10th. Zacks Research upgraded WisdomTree from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. The Goldman Sachs Group lifted their price target on WisdomTree from $14.00 to $15.50 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of WisdomTree in a report on Wednesday, January 21st.

WisdomTree Stock Down 2.8%

NYSE:WT opened at $17.03 on Wednesday. The company’s 50-day simple moving average is $15.21 and its 200-day simple moving average is $13.54. 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 has a fifty-two week low of $7.47 and a fifty-two week high of $17.66. The stock has a market capitalization of $2.41 billion, a P/E ratio of 22.71 and a beta of 1.09.

WisdomTree (NYSE:WT) last released its quarterly earnings results on Friday, January 30th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. The company had revenue of $147.43 million during the quarter, compared to analysts’ expectations of $142.78 million. WisdomTree had a return on equity of 30.24% and a net margin of 22.10%.The firm’s revenue was up 33.2% compared to the same quarter last year. During the same period last year, the business posted $0.17 earnings per share. On average, equities analysts anticipate that WisdomTree will post 0.72 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th were given a dividend of $0.03 per share. The ex-dividend date was Wednesday, February 11th. This represents a $0.12 dividend on an annualized basis and a yield of 0.7%. WisdomTree’s dividend payout ratio is currently 16.00%.

Insiders Place Their Bets

In other news, COO R Jarrett Lilien sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $16.84, for a total value of $505,200.00. Following the transaction, the chief operating officer owned 1,140,245 shares in the company, valued at $19,201,725.80. This trade represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 9.30% of the company’s stock.

Hedge Funds Weigh In On WisdomTree

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WT. Quarry LP grew its position in shares of WisdomTree by 1,679.0% during the third quarter. Quarry LP now owns 2,206 shares of the company’s stock worth $31,000 after buying an additional 2,082 shares in the last quarter. First Horizon Corp acquired a new stake in shares of WisdomTree in the 3rd quarter valued at $32,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of WisdomTree by 163.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company’s stock valued at $30,000 after purchasing an additional 1,521 shares in the last quarter. Quattro Advisors LLC purchased a new stake in shares of WisdomTree during the 4th quarter worth $31,000. Finally, Neo Ivy Capital Management acquired a new position in shares of WisdomTree during the third quarter worth $37,000. Hedge funds and other institutional investors own 78.64% of the company’s stock.

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.