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

WisdomTree, Inc. (NYSE:WT) has been given an average recommendation of “Moderate Buy” by the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Two 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 12-month price objective among brokers that have issued a report on the stock in the last year is $17.45.

WT has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their target price on WisdomTree from $14.00 to $15.50 and gave the stock a “neutral” rating in a report on Monday, February 2nd. Northland Securities set a $20.00 price objective on WisdomTree in a research report on Monday, February 2nd. Morgan Stanley set a $16.75 price objective on WisdomTree in a research note on Tuesday, February 10th. Weiss Ratings restated a “buy (b-)” rating on shares of WisdomTree in a report on Wednesday, January 21st. Finally, Zacks Research upgraded WisdomTree from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th.

Insider Buying and Selling at WisdomTree

In other WisdomTree news, COO R Jarrett Lilien sold 30,000 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $16.84, for a total value of $505,200.00. Following the completion of the transaction, the chief operating officer directly owned 1,140,245 shares of the company’s stock, valued at approximately $19,201,725.80. The trade was a 2.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 9.30% of the company’s stock.

Institutional Trading of WisdomTree

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sowell Financial Services LLC increased its stake in shares of 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 buying an additional 680 shares during the period. Russell Investments Group Ltd. increased its position in shares of WisdomTree by 3.9% in the 4th quarter. Russell Investments Group Ltd. now owns 20,605 shares of the company’s stock valued at $251,000 after buying an additional 778 shares in the last quarter. Cooper Financial Group raised its stake in WisdomTree by 6.6% during the 4th quarter. Cooper Financial Group now owns 12,849 shares of the company’s stock worth $157,000 after buying an additional 799 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in WisdomTree by 3.4% during the third quarter. Oregon Public Employees Retirement Fund now owns 27,056 shares of the company’s stock worth $376,000 after acquiring an additional 900 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its stake in WisdomTree by 4.2% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 22,957 shares of the company’s stock valued at $264,000 after acquiring an additional 927 shares during the period. Institutional investors and hedge funds own 78.64% of the company’s stock.

WisdomTree Trading Down 4.4%

Shares of WisdomTree stock opened at $13.91 on Friday. The stock has a market capitalization of $1.97 billion, a P/E ratio of 18.54 and a beta of 1.09. The company has a quick ratio of 1.37, a current ratio of 1.75 and a debt-to-equity ratio of 1.94. The company has a 50-day simple moving average of $15.94 and a 200 day simple moving average of $13.76. WisdomTree has a 12-month low of $7.47 and a 12-month high of $17.68.

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 firm had revenue of $147.43 million for the quarter, compared to analyst estimates of $142.78 million. WisdomTree had a net margin of 22.10% and a return on equity of 30.24%. The company’s revenue for the quarter was up 33.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.17 earnings per share. Research analysts expect that WisdomTree will post 0.72 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

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 $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.9%. The ex-dividend date was Wednesday, February 11th. WisdomTree’s dividend payout ratio (DPR) is presently 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.