Analysts Set WisdomTree, Inc. (NYSE:WT) Price Target at $12.42

Shares of WisdomTree, Inc. (NYSE:WT - Get Free Report) have been given a consensus recommendation of "Hold" by the seven ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $12.42.

WT has been the subject of a number of recent research reports. Keefe, Bruyette & Woods decreased their price objective on WisdomTree from $12.00 to $10.50 and set a "market perform" rating for the company in a report on Tuesday, January 14th. The Goldman Sachs Group decreased 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.

Institutional Investors Weigh In On WisdomTree

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WT. Massachusetts Financial Services Co. MA lifted its stake in shares of WisdomTree by 0.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,698,844 shares of the company's stock valued at $32,994,000 after buying an additional 13,746 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of WisdomTree by 532.6% in the fourth quarter. Millennium Management LLC now owns 2,031,534 shares of the company's stock worth $21,331,000 after acquiring an additional 1,710,409 shares during the period. Nuveen LLC bought a new stake in shares of WisdomTree during the 1st quarter valued at $17,003,000. Two Sigma Investments LP boosted its stake in WisdomTree by 10.5% in the 4th quarter. Two Sigma Investments LP now owns 1,500,371 shares of the company's stock worth $15,754,000 after purchasing an additional 142,226 shares during the period. Finally, Northern Trust Corp grew its stake in WisdomTree by 1.1% during the fourth quarter. Northern Trust Corp now owns 1,440,197 shares of the company's stock valued at $15,122,000 after acquiring an additional 15,489 shares in the last quarter. 78.64% of the stock is currently owned by institutional investors.

WisdomTree Trading Up 0.6%

Shares of NYSE:WT traded up $0.06 during trading on Thursday, reaching $9.58. The stock had a trading volume of 183,367 shares, compared to its average volume of 1,544,435. WisdomTree has a 52 week low of $7.47 and a 52 week high of $12.45. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.13 and a current ratio of 2.92. The firm's fifty day moving average is $8.64 and its 200 day moving average is $9.76. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 30.89 and a beta of 1.07.

WisdomTree (NYSE:WT - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. The business had revenue of $108.08 million during the quarter, compared to the consensus estimate of $108.47 million. During the same quarter last year, the firm posted $0.12 EPS. WisdomTree's revenue was up 11.7% compared to the same quarter last year. As a group, equities analysts forecast that WisdomTree will post 0.72 EPS for the current fiscal year.

WisdomTree Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Wednesday, May 14th. 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.