WisdomTree, Inc. (NYSE:WT) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• WisdomTree has a “Moderate Buy” consensus rating from seven analysts: four recommend buying the stock and three rate it a hold. The average 12-month price target is $23.66.
• The company reported quarterly EPS of $0.31, beating estimates of $0.26, while revenue rose 57.3% year over year to $177.16 million and also exceeded expectations.
• WisdomTree shares opened at $23.09, near the analyst consensus target, and the company recently paid 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 rating of "Moderate Buy" from the seven research firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $23.66.

A number of equities research analysts have recently weighed in on the company. Zacks Research cut WisdomTree from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Raymond James Financial restated an "outperform" rating and set a $26.00 target price on shares of WisdomTree in a report on Thursday, August 27th. Morgan Stanley set a $21.00 price target on shares of WisdomTree in a research note on Wednesday, July 29th. Oppenheimer raised their price objective on shares of WisdomTree from $22.00 to $27.00 and gave the company an "outperform" rating in a research note on Wednesday, August 26th. Finally, Northland Securities lifted their price objective on shares of WisdomTree from $22.00 to $26.00 and gave the company an "outperform" rating in a report on Wednesday, August 19th.

Insider Activity at WisdomTree

In other WisdomTree news, COO R. Jarrett Lilien sold 30,000 shares of the business's stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $24.56, for a total value of $736,800.00. Following the completion of the transaction, the chief operating officer owned 1,080,245 shares in the company, valued at $26,530,817.20. The trade was a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 10.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Junto Capital Management LP purchased a new stake in WisdomTree during the 2nd quarter worth about $19,838,000. Nykredit A S acquired a new stake in WisdomTree in the 2nd quarter valued at about $27,000. Amundi boosted its stake in shares of WisdomTree by 390.5% in the 2nd quarter. Amundi now owns 99,579 shares of the company's stock valued at $1,687,000 after buying an additional 79,279 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of WisdomTree in the 2nd quarter valued at about $1,168,000. Finally, Round Rock Advisors LLC boosted its stake in shares of WisdomTree by 49.5% in the 2nd quarter. Round Rock Advisors LLC now owns 15,062 shares of the company's stock valued at $255,000 after buying an additional 4,984 shares during the period. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

WisdomTree Stock Performance

Shares of WT stock opened at $23.09 on Friday. The company has a debt-to-equity ratio of 2.53, a quick ratio of 2.73 and a current ratio of 3.00. The firm has a market cap of $3.50 billion, a P/E ratio of 44.41 and a beta of 1.20. The firm's 50 day moving average price is $22.16 and its 200-day moving average price is $18.93. WisdomTree has a one year low of $10.69 and a one year high of $25.91.

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, beating analysts' consensus estimates of $0.26 by $0.05. WisdomTree had a return on equity of 39.12% and a net margin of 13.27%.The company had revenue of $177.16 million for the quarter, compared to analyst estimates of $170.62 million. During the same quarter in the previous year, the company earned $0.18 earnings per share. The firm's quarterly revenue was up 57.3% compared to the same quarter last year. As a group, equities research analysts predict that WisdomTree will post 1.19 EPS for the current year.

WisdomTree Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, August 12th. WisdomTree's dividend payout ratio (DPR) is currently 23.08%.

About WisdomTree

WisdomTree, Inc is a financial services company that operates as an exchange-traded fund (ETF) and exchange-traded product sponsor and asset manager. The company develops and manages investment strategies designed to provide exposure to equities, fixed income, currencies, commodities, alternatives and other asset classes.

Its product offerings include dividend-focused, growth and value ETFs, actively managed funds, currency and commodity products, and funds focused on environmental, social and governance themes.

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