WisdomTree, Inc. (NYSE:WT) Receives Consensus Rating of "Hold" from Analysts

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

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

WisdomTree Trading Up 0.3%

WisdomTree stock traded up $0.03 during mid-day trading on Monday, hitting $9.78. The stock had a trading volume of 1,172,178 shares, compared to its average volume of 1,566,759. The stock has a 50-day simple moving average of $8.93 and a two-hundred day simple moving average of $9.62. The stock has a market capitalization of $1.44 billion, a PE ratio of 31.53 and a beta of 1.11. WisdomTree has a 12 month low of $7.47 and a 12 month high of $12.45. The company has a current ratio of 2.92, a quick ratio of 2.13 and a debt-to-equity ratio of 1.28.

WisdomTree (NYSE:WT - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The business had revenue of $108.08 million for the quarter, compared to analysts' expectations of $108.47 million. WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. The firm's quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.12 earnings per share. As a group, sell-side analysts forecast that WisdomTree will post 0.72 EPS for the current year.

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Wednesday, May 14th. WisdomTree's dividend payout ratio (DPR) is currently 34.29%.

Institutional Investors Weigh In On WisdomTree

Hedge funds have recently modified their holdings of the business. Quarry LP raised its position in shares of WisdomTree by 1,778.5% during the fourth quarter. Quarry LP now owns 2,799 shares of the company's stock worth $29,000 after purchasing an additional 2,650 shares during the period. Byrne Asset Management LLC boosted its stake in shares of 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 acquiring an additional 2,052 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of 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 acquiring an additional 2,405 shares during the period. Versant Capital Management Inc boosted its stake in WisdomTree by 310.5% in the 1st quarter. Versant Capital Management Inc now owns 5,263 shares of the company's stock valued at $47,000 after purchasing an additional 3,981 shares during the period. Finally, Federated Hermes Inc. boosted its stake in WisdomTree by 60.7% in the 4th quarter. Federated Hermes Inc. now owns 4,705 shares of the company's stock valued at $49,000 after purchasing an additional 1,777 shares during the period. Institutional investors and hedge funds own 78.64% of the company's stock.

WisdomTree Company Profile

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.