WisdomTree (NYSE:WT) Reaches New 1-Year High - Still a Buy?

WisdomTree, Inc. (NYSE:WT - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $23.90 and last traded at $23.8830, with a volume of 1243412 shares trading hands. The stock had previously closed at $23.51.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Wall Street Zen raised WisdomTree from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. The Goldman Sachs Group upped their price target on shares of WisdomTree from $16.40 to $18.30 and gave the stock a "neutral" rating in a research report on Tuesday, August 4th. Oppenheimer increased their price objective on shares of WisdomTree from $21.00 to $22.00 and gave the stock an "outperform" rating in a report on Monday, August 3rd. Northland Securities raised their price objective on shares of WisdomTree from $22.00 to $26.00 and gave the company an "outperform" rating in a research report on Wednesday, August 19th. Finally, Zacks Research cut shares of WisdomTree from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $21.46.

WisdomTree Trading Up 1.6%

The company has a market capitalization of $3.62 billion, a P/E ratio of 45.93 and a beta of 1.17. The company has a debt-to-equity ratio of 2.53, a current ratio of 3.00 and a quick ratio of 2.73. The business's 50-day moving average price is $19.96 and its two-hundred day moving average price is $17.96.

WisdomTree (NYSE:WT - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.26 by $0.05. WisdomTree had a net margin of 13.27% and a return on equity of 39.12%. The business had revenue of $177.16 million for the quarter, compared to analysts' expectations of $170.62 million. During the same period in the previous year, the firm posted $0.18 EPS. The firm's revenue was up 57.3% compared to the same quarter last year. As a group, analysts forecast that WisdomTree, Inc. will post 1.18 EPS for the current fiscal year.

WisdomTree Dividend Announcement

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

Hedge Funds Weigh In On WisdomTree

A number of institutional investors have recently added to or reduced their stakes in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of WisdomTree by 2.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 456,990 shares of the company's stock valued at $4,076,000 after buying an additional 12,402 shares during the period. Jane Street Group LLC lifted its stake in shares of WisdomTree by 379.3% in the first quarter. Jane Street Group LLC now owns 880,977 shares of the company's stock valued at $7,858,000 after buying an additional 697,156 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in WisdomTree by 35.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 301,138 shares of the company's stock valued at $3,466,000 after acquiring an additional 78,837 shares in the last quarter. Sei Investments Co. boosted its position in shares of WisdomTree by 722.3% during the second quarter. Sei Investments Co. now owns 93,039 shares of the company's stock valued at $1,071,000 after buying an additional 81,725 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in WisdomTree by 20.0% during the 2nd quarter. AQR Capital Management LLC now owns 482,313 shares of the company's stock worth $5,551,000 after acquiring an additional 80,361 shares during the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

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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