WisdomTree, Inc. (NYSE:WT) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• WisdomTree, Inc. has received an average recommendation of "Moderate Buy" from analysts, with four analysts giving buy ratings and three recommending a hold.
• The company's average price target is $12.90, indicating potential upside based on current trading prices.
• WisdomTree recently announced a quarterly dividend of $0.03 per share, reflecting a 0.9% dividend yield and a payout ratio of 30.77%.

Shares of WisdomTree, Inc. (NYSE:WT - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seven ratings firms that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $13.15.

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

WisdomTree Price Performance

WisdomTree stock traded down $0.3650 during mid-day trading on Friday, hitting $13.0550. 2,743,701 shares of the company traded hands, compared to its average volume of 4,145,259. WisdomTree has a one year low of $7.47 and a one year high of $13.79. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 33.48 and a beta of 1.16. 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 fifty day moving average price of $12.36 and a 200-day moving average price of $10.20.

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

WisdomTree Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $0.12 annualized dividend and a dividend yield of 0.9%. WisdomTree's dividend payout ratio (DPR) is 30.77%.

Insider Activity at WisdomTree

In related news, COO R Jarrett Lilien sold 25,000 shares of WisdomTree 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. The trade was a 2.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 9.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its stake in shares of WisdomTree by 39.2% in the first quarter. Envestnet Asset Management Inc. now owns 808,352 shares of the company's stock worth $7,210,000 after buying an additional 227,626 shares during the period. Gabelli Funds LLC boosted its holdings in WisdomTree by 448.6% in the fourth quarter. Gabelli Funds LLC now owns 109,717 shares of the company's stock valued at $1,152,000 after acquiring an additional 89,717 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in WisdomTree in the first quarter valued at $197,000. Bank of America Corp DE boosted its holdings in WisdomTree by 93.8% in the fourth quarter. Bank of America Corp DE now owns 313,859 shares of the company's stock valued at $3,296,000 after acquiring an additional 151,926 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in WisdomTree by 10.9% in the fourth quarter. Ameriprise Financial Inc. now owns 353,250 shares of the company's stock valued at $3,709,000 after acquiring an additional 34,670 shares in the last quarter. 78.64% of the stock is owned by hedge funds and other institutional investors.

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.