WisdomTree, Inc. (NYSE:WT) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts have rated WisdomTree, Inc. (NYSE:WT) as a "Moderate Buy," with a consensus target price of $13.56 based on the reviews of seven brokerages covering the stock.
• WisdomTree recently announced a quarterly dividend of $0.03 per share, leading to an annualized yield of 0.9%.
• Several institutional investors have increased their stakes in WisdomTree, with ownership by institutions rising to 78.64% of the company's stock.

Shares of WisdomTree, Inc. (NYSE:WT - Get Free Report) have earned an average rating of "Moderate Buy" from the seven brokerages that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $13.5571.

Several analysts have issued reports on WT shares. The Goldman Sachs Group raised shares of WisdomTree from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $9.50 to $11.90 in a research note on Friday, June 27th. Morgan Stanley raised their price target on WisdomTree from $11.50 to $12.50 and gave the stock an "equal weight" rating in a research note on Monday, August 18th. Craig Hallum restated a "buy" rating on shares of WisdomTree in a report on Monday, August 4th. Northcoast Research raised WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 price objective on the stock in a research report on Wednesday, July 2nd. Finally, Oppenheimer lifted their target price on WisdomTree from $12.00 to $15.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd.

Insider Transactions at WisdomTree

In other WisdomTree news, COO R Jarrett Lilien sold 12,500 shares of the company's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $13.21, for a total value of $165,125.00. Following the transaction, the chief operating officer directly owned 1,036,138 shares in the company, valued at $13,687,382.98. This represents a 1.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of WT. Byrne Asset Management LLC increased its holdings 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. Versant Capital Management Inc increased its stake in shares of WisdomTree by 310.5% during the first quarter. Versant Capital Management Inc now owns 5,263 shares of the company's stock valued at $47,000 after buying an additional 3,981 shares during the period. Quarry LP increased its stake in shares of WisdomTree by 112.4% during the first quarter. Quarry LP now owns 5,944 shares of the company's stock valued at $53,000 after buying an additional 3,145 shares during the period. Traub Capital Management LLC bought a new stake in shares of WisdomTree in the second quarter valued at about $58,000. Finally, Russell Investments Group Ltd. lifted its stake in WisdomTree by 758.2% in the first quarter. Russell Investments Group Ltd. now owns 6,986 shares of the company's stock worth $62,000 after acquiring an additional 6,172 shares during the period. Institutional investors own 78.64% of the company's stock.

WisdomTree Stock Up 0.3%

NYSE WT opened at $13.64 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 0.82. WisdomTree has a 52 week low of $7.47 and a 52 week high of $14.07. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 34.98 and a beta of 1.19. The company has a fifty day moving average of $13.15 and a two-hundred day moving average of $10.58.

WisdomTree (NYSE:WT - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. WisdomTree had a net margin of 16.25% and a return on equity of 25.17%. The firm had revenue of $112.60 million during the quarter, compared to analyst estimates of $110.66 million. During the same quarter last year, the business earned $0.16 EPS. The business's revenue was up 5.2% on a year-over-year basis. On average, analysts predict that WisdomTree will post 0.72 earnings per share for the current year.

WisdomTree Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were issued a dividend of $0.03 per share. The ex-dividend date was Wednesday, August 13th. This represents a $0.12 dividend on an annualized basis and a yield of 0.9%. WisdomTree's dividend payout ratio (DPR) is presently 30.77%.

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.

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