WisdomTree (NYSE:WT) Hits New 1-Year High - What's Next?

WisdomTree, Inc. (NYSE:WT - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $12.57 and last traded at $12.52, with a volume of 2189571 shares changing hands. The stock had previously closed at $12.24.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Northcoast Research raised shares of WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 price objective for the company in a report on Wednesday, July 2nd. Morgan Stanley lifted their price objective on shares of WisdomTree from $9.75 to $11.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 2nd. Finally, The Goldman Sachs Group raised shares of WisdomTree from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $9.50 to $11.90 in a research note on Friday, June 27th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, WisdomTree has an average rating of "Moderate Buy" and an average price target of $12.99.

WisdomTree Price Performance

The company has a market capitalization of $1.86 billion, a PE ratio of 36.20 and a beta of 1.14. The company has a quick ratio of 2.79, a current ratio of 3.83 and a debt-to-equity ratio of 1.23. The firm's 50 day simple moving average is $10.28 and its 200 day simple moving average is $9.56.

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

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Wednesday, May 14th. WisdomTree's dividend payout ratio is currently 34.29%.

Institutional Trading of WisdomTree

Large investors have recently made changes to their positions in the stock. Voya Investment Management LLC lifted its stake in WisdomTree by 8.9% in the first quarter. Voya Investment Management LLC now owns 497,432 shares of the company's stock worth $4,437,000 after acquiring an additional 40,485 shares during the period. Militia Capital Partners LP lifted its stake in WisdomTree by 61.4% in the first quarter. Militia Capital Partners LP now owns 28,400 shares of the company's stock worth $253,000 after acquiring an additional 10,800 shares during the period. Jane Street Group LLC lifted its stake in WisdomTree by 379.3% in the first quarter. Jane Street Group LLC now owns 880,977 shares of the company's stock worth $7,858,000 after acquiring an additional 697,156 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in WisdomTree by 2.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 456,990 shares of the company's stock worth $4,076,000 after purchasing an additional 12,402 shares in the last quarter. Finally, Caxton Associates LLP bought a new position in WisdomTree in the first quarter worth about $533,000. 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.