WisdomTree, Inc. (NYSE:WT) Stock Has Average Price Target of $26.05 According to Analysts

Key Points

• Analysts have a “Moderate Buy” consensus on WisdomTree, with five buy ratings, one strong-buy rating and two holds. The average 12-month price target is $26.05, above the reported $21.10 opening price.
• WisdomTree’s latest quarterly results exceeded expectations, with EPS of $0.31 versus $0.26 estimated and revenue of $177.16 million versus $170.62 million expected. Revenue increased 57.3% year over year.
• Institutional investors own 78.64% of the stock, while insiders own 10.10%; however, COO R. Jarrett Lilien recently sold 30,000 shares for approximately $736,800.

Shares of WisdomTree, Inc. (NYSE:WT - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eight analysts that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $26.05.

Several research analysts have weighed in on the company. Raymond James Financial reaffirmed an "outperform" rating and issued a $26.00 target price on shares of WisdomTree in a research report on Thursday, August 27th. Wall Street Zen upgraded WisdomTree from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. Weiss Ratings raised WisdomTree from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. Zacks Research raised WisdomTree from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 28th. Finally, Craig Hallum increased their price objective on WisdomTree from $24.00 to $29.00 and gave the stock a "buy" rating in a report on Friday, October 2nd.

Insider Transactions at WisdomTree

In related news, COO R. Jarrett Lilien sold 30,000 shares of the company'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 sale, the chief operating officer directly owned 1,080,245 shares in the company, valued at approximately $26,530,817.20. This represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 10.10% of the company's stock.

Hedge Funds Weigh In On WisdomTree

Several institutional investors have recently bought and sold shares of WT. BlackRock Inc. bought a new stake in WisdomTree during the 2nd quarter valued at approximately $326,513,000. The Manufacturers Life Insurance Company acquired a new stake in WisdomTree in the 2nd quarter valued at approximately $1,061,000. Hsbc Holdings PLC grew its holdings in WisdomTree by 576.4% in the 2nd quarter. Hsbc Holdings PLC now owns 362,700 shares of the company's stock valued at $6,148,000 after buying an additional 309,078 shares during the last quarter. Principal Financial Group Inc. increased its position in WisdomTree by 101.8% in the 1st quarter. Principal Financial Group Inc. now owns 2,009,556 shares of the company's stock worth $29,259,000 after buying an additional 1,013,658 shares during the period. Finally, Bank of America Corp DE increased its position in WisdomTree by 556.4% in the 1st quarter. Bank of America Corp DE now owns 2,327,389 shares of the company's stock worth $33,887,000 after buying an additional 1,972,847 shares during the period. 78.64% of the stock is currently owned by institutional investors.

WisdomTree Trading Down 2.3%

WisdomTree stock opened at $21.10 on Thursday. WisdomTree has a 12 month low of $10.69 and a 12 month high of $25.91. 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 cap of $3.20 billion, a P/E ratio of 40.59 and a beta of 1.17. The company's fifty day simple moving average is $23.42 and its 200-day simple moving average is $19.98.

WisdomTree (NYSE:WT - Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.05. The business had revenue of $177.16 million during the quarter, compared to analyst estimates of $170.62 million. WisdomTree had a return on equity of 39.12% and a net margin of 13.27%. WisdomTree's quarterly revenue was up 57.3% compared to the same quarter last year. During the same period last year, the company earned $0.18 earnings per share. As a group, sell-side analysts forecast that WisdomTree will post 1.20 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Wednesday, August 12th. WisdomTree's payout ratio is presently 23.08%.

WisdomTree Company Profile

WisdomTree, Inc NYSE: WT is a financial services company and asset manager that develops and sponsors exchange-traded funds (ETFs) and other exchange-traded products (ETPs). The company provides investment strategies designed to give investors access to equities, fixed income, currencies, commodities, alternatives and other asset classes.

Its product lineup includes rules-based and actively managed ETFs, as well as portfolio solutions and model portfolios intended for individual and institutional investors.

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