WisdomTree (NYSE:WT) Hits New 1-Year High - Time to Buy?

Key Points

• WisdomTree, Inc. (NYSE:WT) reached a new 52-week high at $14.07, marking a significant milestone for the company.
• Several analysts have upgraded their price targets for WisdomTree, with Northland Securities setting a target of $16.00 and Oppenheimer increasing theirs to $15.00.
• The company recently announced a quarterly dividend of $0.03 per share, representing an annualized yield of 0.9% and reflecting a dividend payout ratio of 30.77%.

Shares of WisdomTree, Inc. (NYSE:WT - Get Free Report) hit a new 52-week high on Thursday . The company traded as high as $14.07 and last traded at $14.03, with a volume of 385135 shares changing hands. The stock had previously closed at $13.71.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on WT shares. Northland Securities set a $16.00 price objective on WisdomTree in a report on Wednesday, September 3rd. Oppenheimer boosted their target price on WisdomTree from $12.00 to $15.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. The Goldman Sachs Group upgraded WisdomTree from a "sell" rating to a "neutral" rating and lifted their price target for the company from $9.50 to $11.90 in a research note on Friday, June 27th. Northcoast Research upgraded WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 target price on the stock in a research note on Wednesday, July 2nd. Finally, Morgan Stanley lifted their price target on shares of WisdomTree from $11.50 to $12.50 and gave the stock an "equal weight" rating in a report on Monday, August 18th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $13.56.

WisdomTree Stock Up 3.0%

The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 0.82. The company's fifty day simple moving average is $13.18 and its 200 day simple moving average is $10.60. The firm has a market capitalization of $2.08 billion, a PE ratio of 36.09 and a beta of 1.19.

WisdomTree (NYSE:WT - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. WisdomTree had a net margin of 16.25% and a return on equity of 25.17%. The business had revenue of $112.60 million during the quarter, compared to analyst estimates of $110.66 million. During the same period last year, the business posted $0.16 earnings per share. WisdomTree's quarterly revenue was up 5.2% compared to the same quarter last year. Analysts anticipate that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.9%. WisdomTree's dividend payout ratio (DPR) is currently 30.77%.

Insider Buying and Selling at WisdomTree

In related news, COO R Jarrett Lilien sold 12,500 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $13.21, for a total transaction of $165,125.00. Following the completion of the sale, the chief operating officer owned 1,036,138 shares of the company's stock, valued at $13,687,382.98. This trade represents a 1.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 9.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Maryland State Retirement & Pension System raised its position in WisdomTree by 2.3% during the second quarter. Maryland State Retirement & Pension System now owns 34,056 shares of the company's stock valued at $392,000 after acquiring an additional 778 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its position in WisdomTree by 4.2% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 22,957 shares of the company's stock worth $264,000 after acquiring an additional 927 shares during the period. Personal CFO Solutions LLC increased its position in WisdomTree by 7.9% during the second quarter. Personal CFO Solutions LLC now owns 13,422 shares of the company's stock worth $154,000 after acquiring an additional 986 shares during the period. Sheaff Brock Investment Advisors LLC boosted its stake in WisdomTree by 2.8% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 42,908 shares of the company's stock worth $383,000 after buying an additional 1,155 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its stake in WisdomTree by 1.5% during the second quarter. Osaic Holdings Inc. now owns 87,126 shares of the company's stock worth $1,003,000 after buying an additional 1,266 shares in the last quarter. Hedge funds and other institutional investors own 78.64% of the company's stock.

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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