Brokerages Set WisdomTree, Inc. (NYSE:WT) PT at $12.42

WisdomTree, Inc. (NYSE:WT - Get Free Report) has received an average recommendation of "Hold" from the seven analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $12.42.

Separately, The Goldman Sachs Group reduced their target price on WisdomTree from $9.75 to $8.50 and set a "sell" rating for the company in a report on Monday, April 14th.

Institutional Trading of WisdomTree

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quarry LP raised its stake in WisdomTree by 1,778.5% during the 4th quarter. Quarry LP now owns 2,799 shares of the company's stock valued at $29,000 after acquiring an additional 2,650 shares during the last quarter. Byrne Asset Management LLC increased its position in WisdomTree by 114.0% during the 1st quarter. Byrne Asset Management LLC now owns 3,852 shares of the company's stock worth $34,000 after purchasing an additional 2,052 shares during the period. Smartleaf Asset Management LLC increased its position in WisdomTree by 173.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company's stock worth $39,000 after purchasing an additional 2,405 shares during the period. Versant Capital Management Inc increased its position in WisdomTree by 310.5% during the 1st quarter. Versant Capital Management Inc now owns 5,263 shares of the company's stock worth $47,000 after purchasing an additional 3,981 shares during the period. Finally, Federated Hermes Inc. increased its position in WisdomTree by 60.7% during the 4th quarter. Federated Hermes Inc. now owns 4,705 shares of the company's stock worth $49,000 after purchasing an additional 1,777 shares during the period. 78.64% of the stock is owned by hedge funds and other institutional investors.

WisdomTree Stock Up 0.4%

NYSE WT traded up $0.04 during trading on Monday, reaching $9.48. 819,899 shares of the company's stock were exchanged, compared to its average volume of 1,563,494. The stock has a market cap of $1.39 billion, a P/E ratio of 30.58 and a beta of 1.07. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.13 and a current ratio of 2.92. The company has a 50 day moving average price of $8.89 and a two-hundred day moving average price of $9.65. WisdomTree has a 1 year low of $7.47 and a 1 year high of $12.45.

WisdomTree (NYSE:WT - Get Free Report) last posted its earnings results on Friday, May 2nd. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. The business had revenue of $108.08 million during the quarter, compared to the consensus estimate of $108.47 million. During the same period in the previous year, the business earned $0.12 EPS. The business's quarterly revenue was up 11.7% on a year-over-year basis. On average, equities research analysts anticipate that WisdomTree will post 0.72 EPS for the current fiscal year.

WisdomTree Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Wednesday, May 14th. WisdomTree's dividend payout ratio is presently 34.29%.

About WisdomTree

WisdomTree, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.