WisdomTree, Inc. (NYSE:WT) Given Average Recommendation of "Hold" by Brokerages

Shares of WisdomTree, Inc. (NYSE:WT - Get Free Report) have earned an average rating of "Hold" from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $12.42.

Several research analysts recently commented on the company. The Goldman Sachs Group reduced their price target on WisdomTree from $9.75 to $8.50 and set a "sell" rating for the company in a research report on Monday, April 14th. Keefe, Bruyette & Woods decreased their target price on shares of WisdomTree from $12.00 to $10.50 and set a "market perform" rating for the company in a research note on Tuesday, January 14th.

Institutional Investors Weigh In On WisdomTree

A number of large investors have recently added to or reduced their stakes in WT. Massachusetts Financial Services Co. MA increased its holdings in shares of WisdomTree by 0.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,698,844 shares of the company's stock valued at $32,994,000 after purchasing an additional 13,746 shares during the last quarter. Millennium Management LLC grew its stake in WisdomTree by 532.6% in the 4th quarter. Millennium Management LLC now owns 2,031,534 shares of the company's stock valued at $21,331,000 after buying an additional 1,710,409 shares during the last quarter. Two Sigma Investments LP raised its holdings in WisdomTree by 10.5% in the 4th quarter. Two Sigma Investments LP now owns 1,500,371 shares of the company's stock valued at $15,754,000 after acquiring an additional 142,226 shares during the period. Northern Trust Corp lifted its position in WisdomTree by 1.1% during the fourth quarter. Northern Trust Corp now owns 1,440,197 shares of the company's stock worth $15,122,000 after acquiring an additional 15,489 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of WisdomTree by 10.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,310,899 shares of the company's stock worth $13,764,000 after acquiring an additional 119,762 shares during the period. Institutional investors own 78.64% of the company's stock.

WisdomTree Stock Up 0.5 %

Shares of WT stock traded up $0.05 during trading on Thursday, reaching $9.43. The company's stock had a trading volume of 1,514,700 shares, compared to its average volume of 1,548,842. WisdomTree has a one year low of $7.47 and a one year high of $12.45. The business has a fifty day moving average price of $8.62 and a 200-day moving average price of $9.78. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 30.42 and a beta of 1.07. The company has a quick ratio of 2.13, a current ratio of 2.92 and a debt-to-equity ratio of 1.28.

WisdomTree (NYSE:WT - Get Free Report) last issued its quarterly 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 for the quarter, compared to analysts' expectations of $108.47 million. WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. The company's revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 EPS. Analysts anticipate that WisdomTree will post 0.72 earnings per share for the current year.

WisdomTree Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be paid a dividend of $0.03 per share. The ex-dividend date is Wednesday, May 14th. This represents a $0.12 annualized dividend and a dividend yield of 1.27%. WisdomTree's dividend payout ratio 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.