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

Key Points

• WisdomTree, Inc. has received an average rating of “Moderate Buy” from analysts, with a consensus price target of $13.5571.
• The company reported $0.18 earnings per share for the latest quarter, matching analysts' expectations and reflecting a 5.2% increase in revenue compared to the same period last year.
• WisdomTree declared a quarterly dividend of $0.03 per share, representing an annualized yield of 0.9% with a payout ratio of 30.77%.

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

A number of research firms have weighed in on WT. Craig Hallum restated a "buy" rating on shares of WisdomTree in a report on Monday, August 4th. Morgan Stanley boosted their target price on shares of WisdomTree from $11.50 to $12.50 and gave the stock an "equal weight" rating in a research report on Monday, August 18th. Weiss Ratings restated a "hold (c+)" rating on shares of WisdomTree in a research note on Saturday, September 27th. The Goldman Sachs Group raised shares of WisdomTree from a "sell" rating to a "neutral" rating and raised their price target for the company from $9.50 to $11.90 in a report on Friday, June 27th. Finally, Northcoast Research upgraded shares of WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 price objective on the stock in a report on Wednesday, July 2nd.

WisdomTree Trading Up 1.8%

NYSE:WT opened at $13.57 on Friday. The business's 50-day moving average is $13.59 and its two-hundred day moving average is $11.24. The firm has a market capitalization of $2.00 billion, a PE ratio of 34.81 and a beta of 1.13. WisdomTree has a 12 month low of $7.47 and a 12 month high of $14.95. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.44 and a quick ratio of 1.04.

WisdomTree (NYSE:WT - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. WisdomTree had a return on equity of 25.17% and a net margin of 16.25%.The company had revenue of $112.60 million during the quarter, compared to the consensus estimate of $110.66 million. During the same quarter in the prior year, the business earned $0.16 earnings per share. The company's 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were paid a $0.03 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $0.12 annualized dividend and a dividend yield of 0.9%. WisdomTree's payout ratio is 30.77%.

Insider Buying and Selling

In other WisdomTree news, COO R Jarrett Lilien sold 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $13.33, for a total transaction of $333,250.00. Following the completion of the sale, the chief operating officer owned 1,048,638 shares in the company, valued at $13,978,344.54. This trade represents a 2.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 9.30% of the company's stock.

Hedge Funds Weigh In On WisdomTree

Institutional investors and hedge funds have recently made changes to their positions in the business. Maryland State Retirement & Pension System grew its position in shares of WisdomTree by 2.3% during the second quarter. Maryland State Retirement & Pension System now owns 34,056 shares of the company's stock worth $392,000 after buying an additional 778 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in WisdomTree by 4.2% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 22,957 shares of the company's stock valued at $264,000 after acquiring an additional 927 shares during the last quarter. Personal CFO Solutions LLC grew its holdings 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 acquiring an additional 986 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its position in shares of WisdomTree by 2.8% in 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. increased its position in shares of WisdomTree by 1.5% in 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 currently owned by hedge funds and other institutional investors.

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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