WisdomTree, Inc. (NYSE:WT) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• WisdomTree has a “Moderate Buy” consensus rating from seven analysts, with four buys and three holds. The average 12-month price target is $21.46, below the reported share price of $24.16.
• The company exceeded quarterly expectations, reporting $0.31 in EPS versus the $0.26 consensus and $177.16 million in revenue versus $170.62 million estimated. Revenue increased 57.3% year over year.
• Institutional investors and hedge funds own 78.64% of WisdomTree’s shares, while the company recently declared a quarterly dividend of $0.03 per share, representing a 0.5% annualized yield.

WisdomTree, Inc. (NYSE:WT - Get Free Report) has earned an average recommendation of "Moderate Buy" from the seven analysts that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $21.46.

A number of brokerages recently issued reports on WT. Zacks Research downgraded WisdomTree from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Northland Securities upped their target price on WisdomTree from $22.00 to $26.00 and gave the company an "outperform" rating in a research report on Wednesday, August 19th. Oppenheimer increased their target price on WisdomTree from $21.00 to $22.00 and gave the stock an "outperform" rating in a report on Monday, August 3rd. Weiss Ratings upgraded WisdomTree from a "hold (c)" rating to a "buy (b-)" rating in a research report on Wednesday, August 19th. Finally, Wall Street Zen raised WisdomTree from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st.

Hedge Funds Weigh In On WisdomTree

Hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. raised its position in WisdomTree by 3.9% during the 4th quarter. Russell Investments Group Ltd. now owns 20,605 shares of the company's stock worth $251,000 after purchasing an additional 778 shares during the last quarter. Clearstead Trust LLC bought a new stake in shares of WisdomTree in the 2nd quarter valued at about $92,000. Pictet Asset Management Holding SA grew its position in shares of WisdomTree by 5.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 21,947 shares of the company's stock valued at $320,000 after buying an additional 1,108 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of WisdomTree by 1.5% in the second quarter. Osaic Holdings Inc. now owns 87,126 shares of the company's stock valued at $1,003,000 after buying an additional 1,266 shares during the period. Finally, Illinois Municipal Retirement Fund increased its stake in shares of WisdomTree by 2.1% in the fourth quarter. Illinois Municipal Retirement Fund now owns 61,799 shares of the company's stock valued at $753,000 after buying an additional 1,281 shares during the period. 78.64% of the stock is currently owned by institutional investors and hedge funds.

WisdomTree Price Performance

Shares of WisdomTree stock opened at $24.16 on Wednesday. The company has a quick ratio of 2.73, a current ratio of 3.00 and a debt-to-equity ratio of 2.53. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 46.46 and a beta of 1.17. WisdomTree has a twelve month low of $10.69 and a twelve month high of $24.22. The company has a 50-day simple moving average of $20.07 and a two-hundred day simple moving average of $18.01.

WisdomTree (NYSE:WT - Get Free Report) last announced its earnings results on Friday, July 31st. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.05. WisdomTree had a net margin of 13.27% and a return on equity of 39.12%. The firm had revenue of $177.16 million for the quarter, compared to analyst estimates of $170.62 million. During the same quarter in the prior year, the business posted $0.18 EPS. The business's revenue was up 57.3% compared to the same quarter last year. Analysts forecast that WisdomTree will post 1.18 EPS for the current year.

WisdomTree Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Wednesday, August 12th. WisdomTree's dividend payout ratio is presently 23.08%.

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.

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