WisdomTree, Inc. (WT) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analyst sentiment is moderately positive: Five of eight covering firms rate WisdomTree a buy and three recommend holding; the average one-year price target is $25.72.
• WisdomTree reported quarterly EPS of $0.32, beating the $0.30 consensus, while revenue of $179.38 million fell short of estimates. Revenue rose 42.8% year over year.
• The company announced a quarterly dividend of $0.03 per share, equivalent to $0.12 annually and a 0.6% yield.

Shares of WisdomTree, Inc. (NYSE:WT - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eight ratings firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $25.72.

A number of equities analysts have recently commented on WT shares. Morgan Stanley reduced their target price on shares of WisdomTree from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 28th. Wall Street Zen downgraded shares of WisdomTree from a "buy" rating to a "hold" rating in a research note on Saturday, October 24th. Weiss Ratings lowered WisdomTree from a "buy (b)" rating to a "buy (b-)" rating in a report on Monday, November 2nd. The Goldman Sachs Group increased their price objective on WisdomTree from $18.30 to $21.30 and gave the stock a "neutral" rating in a research note on Friday, October 2nd. Finally, Craig Hallum increased their price objective on WisdomTree from $24.00 to $29.00 and gave the stock a "buy" rating in a research note on Friday, October 2nd.

WisdomTree Stock Performance

WT stock opened at $19.46 on Monday. The company has a quick ratio of 3.20, a current ratio of 3.54 and a debt-to-equity ratio of 2.38. The business's fifty day simple moving average is $22.66 and its two-hundred day simple moving average is $19.17. WisdomTree has a twelve month low of $10.69 and a twelve month high of $25.91. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 27.40 and a beta of 1.18.

WisdomTree (NYSE:WT - Get Free Report) last posted its quarterly earnings results on Friday, October 30th. The company reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.02. WisdomTree had a net margin of 16.64% and a return on equity of 40.93%. The firm had revenue of $179.38 million for the quarter, compared to analysts' expectations of $180.68 million. During the same period in the prior year, the business posted $0.23 earnings per share. The business's revenue for the quarter was up 42.8% on a year-over-year basis. Analysts predict that WisdomTree will post 1.19 earnings per share for the current year.

WisdomTree Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Wednesday, November 11th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.6%. The ex-dividend date is Tuesday, November 10th. WisdomTree's dividend payout ratio is presently 16.90%.

Insider Transactions at WisdomTree

In related news, COO R. Jarrett Lilien sold 30,000 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at $26,530,817.20. The trade was a 2.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 10.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On WisdomTree

A number of large investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in WisdomTree during the 2nd quarter worth approximately $326,513,000. Azora Capital LP purchased a new position in shares of WisdomTree in the second quarter worth $104,698,000. Bank of America Corp DE purchased a new position in shares of WisdomTree in the second quarter worth $33,743,000. Jupiter Topco LLC acquired a new stake in shares of WisdomTree during the second quarter worth $24,616,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of WisdomTree by 41.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,134,430 shares of the company's stock worth $60,197,000 after buying an additional 1,205,097 shares during the period. 78.64% of the stock is currently owned by institutional investors.

WisdomTree Company Profile

WisdomTree, Inc is a global asset manager that develops and manages exchange-traded funds (ETFs) and other investment products. Its offerings span equities, fixed income, currencies, commodities and alternative investments, and include strategies that use measures such as dividends or earnings to select and weight securities.

Founded in 2006 by Jonathan Steinberg, the company also provides model portfolios and other investment solutions for financial professionals and investors. WisdomTree has expanded beyond its U.S.

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