Brokerages Set WisdomTree, Inc. (NYSE:WT) PT at $13.56

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.

WisdomTree, Inc. (NYSE:WT - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seven ratings firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $13.5571.

A number of research firms recently commented on WT. Northland Securities set a $16.00 target price on shares of WisdomTree in a research report on Wednesday, September 3rd. Northcoast Research raised shares of WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 target price on the stock in a research report on Wednesday, July 2nd. Oppenheimer increased their target price on shares of WisdomTree from $12.00 to $15.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Craig Hallum reaffirmed a "buy" rating on shares of WisdomTree in a research report on Monday, August 4th. Finally, Morgan Stanley increased their target price on shares of WisdomTree from $11.50 to $12.50 and gave the company an "equal weight" rating in a research report on Monday, August 18th.

Insider Activity at WisdomTree

In related news, COO R Jarrett Lilien sold 25,000 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $13.33, for a total value of $333,250.00. Following the transaction, the chief operating officer directly owned 1,048,638 shares of the company's stock, valued at $13,978,344.54. This trade represents a 2.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 9.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Maryland State Retirement & Pension System grew its position in WisdomTree by 2.3% during the 2nd quarter. Maryland State Retirement & Pension System now owns 34,056 shares of the company's stock worth $392,000 after purchasing an additional 778 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its position in WisdomTree by 4.2% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 22,957 shares of the company's stock worth $264,000 after purchasing an additional 927 shares during the last quarter. Personal CFO Solutions LLC grew its position in WisdomTree by 7.9% during the 2nd quarter. Personal CFO Solutions LLC now owns 13,422 shares of the company's stock worth $154,000 after purchasing an additional 986 shares during the last quarter. Sheaff Brock Investment Advisors LLC grew its position in WisdomTree by 2.8% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 42,908 shares of the company's stock worth $383,000 after purchasing an additional 1,155 shares during the last quarter. Finally, Osaic Holdings Inc. grew its position in WisdomTree by 1.5% during the 2nd quarter. Osaic Holdings Inc. now owns 87,126 shares of the company's stock worth $1,003,000 after purchasing an additional 1,266 shares during the last quarter. 78.64% of the stock is owned by hedge funds and other institutional investors.

WisdomTree Stock Up 1.5%

Shares of NYSE:WT traded up $0.22 during trading hours on Wednesday, reaching $14.33. The stock had a trading volume of 2,014,352 shares, compared to its average volume of 3,024,165. WisdomTree has a 1 year low of $7.47 and a 1 year high of $14.37. The firm's 50 day moving average is $13.24 and its 200-day moving average is $10.69. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.04 and a current ratio of 1.44. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 36.73 and a beta of 1.19.

WisdomTree (NYSE:WT - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.18 EPS for the quarter, meeting analysts' consensus estimates of $0.18. WisdomTree had a net margin of 16.25% and a return on equity of 25.17%. The company had revenue of $112.60 million for the quarter, compared to the consensus estimate of $110.66 million. During the same period in the prior year, the firm posted $0.16 EPS. The company's quarterly revenue was up 5.2% compared to the same quarter last year. Research analysts predict that WisdomTree will post 0.72 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 13th. WisdomTree's dividend payout ratio (DPR) is 30.77%.

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.