WisdomTree, Inc. (NYSE:WT) Receives $12.99 Consensus Target Price from Brokerages

WisdomTree, Inc. (NYSE:WT - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eight brokerages that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $13.24.

A number of research firms recently commented on WT. Morgan Stanley increased their price target on WisdomTree from $9.75 to $11.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 2nd. Oppenheimer raised their price target on WisdomTree from $12.00 to $15.00 and gave the company an "outperform" rating in a report on Tuesday. Northcoast Research raised 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. Finally, The Goldman Sachs Group upgraded WisdomTree from a "sell" rating to a "neutral" rating and raised their price target for the stock from $9.50 to $11.90 in a research report on Friday, June 27th.

Institutional Trading of WisdomTree

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Maryland State Retirement & Pension System lifted its holdings in shares of WisdomTree by 2.3% during the 2nd quarter. Maryland State Retirement & Pension System now owns 34,056 shares of the company's stock valued at $392,000 after purchasing an additional 778 shares during the last quarter. Sheaff Brock Investment Advisors LLC lifted its holdings in shares of WisdomTree by 2.8% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 42,908 shares of the company's stock valued at $383,000 after purchasing an additional 1,155 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of WisdomTree by 60.7% during 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 last quarter. EntryPoint Capital LLC lifted its holdings in shares of WisdomTree by 6.7% during the 4th quarter. EntryPoint Capital LLC now owns 29,622 shares of the company's stock valued at $311,000 after purchasing an additional 1,870 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of WisdomTree by 11.6% during the 4th quarter. Bank of Montreal Can now owns 18,702 shares of the company's stock valued at $196,000 after purchasing an additional 1,951 shares during the last quarter. Institutional investors own 78.64% of the company's stock.

WisdomTree Price Performance

WT stock traded down $0.03 during midday trading on Tuesday, reaching $13.69. The company had a trading volume of 2,367,201 shares, compared to its average volume of 2,976,738. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 39.10 and a beta of 1.14. The stock has a 50 day moving average price of $11.09 and a 200-day moving average price of $9.76. WisdomTree has a 1-year low of $7.47 and a 1-year high of $13.76. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.83 and a quick ratio of 2.79.

WisdomTree (NYSE:WT - Get Free Report) last issued its earnings results on Friday, May 2nd. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The firm had revenue of $108.08 million during the quarter, compared to the consensus estimate of $108.47 million. WisdomTree had a return on equity of 25.46% and a net margin of 15.77%. The business's quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.12 earnings per share. Equities research analysts expect that WisdomTree will post 0.72 earnings per share for the current year.

WisdomTree Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were paid a $0.03 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $0.12 annualized dividend and a yield of 0.88%. WisdomTree's dividend payout ratio (DPR) is currently 34.29%.

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.