WisdomTree (NYSE:WT) Hits New 12-Month High - Still a Buy?

WisdomTree, Inc. (NYSE:WT - Get Free Report)'s stock price reached a new 52-week high on Thursday . The company traded as high as $12.89 and last traded at $12.75, with a volume of 158062 shares traded. The stock had previously closed at $12.67.

Wall Street Analysts Forecast Growth

WT has been the subject of a number of recent research reports. Northcoast Research upgraded WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 target price for the company in a research report on Wednesday, July 2nd. Morgan Stanley boosted their target price on WisdomTree from $9.75 to $11.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 2nd. Finally, The Goldman Sachs Group upgraded WisdomTree from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $9.50 to $11.90 in a research report on Friday, June 27th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $12.99.

WisdomTree Price Performance

The firm has a 50 day moving average of $10.63 and a 200-day moving average of $9.63. The company has a market cap of $1.90 billion, a P/E ratio of 36.90 and a beta of 1.14. The company has a current ratio of 3.83, a quick ratio of 2.79 and a debt-to-equity ratio of 1.23.

WisdomTree (NYSE:WT - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. The business had revenue of $108.08 million during the quarter, compared to analysts' expectations of $108.47 million. WisdomTree had a return on equity of 25.46% and a net margin of 15.77%. The firm's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.12 EPS. On average, equities research analysts predict that WisdomTree, Inc. will post 0.72 EPS for the current 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 issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Wednesday, May 14th. WisdomTree's dividend payout ratio (DPR) is 34.29%.

Hedge Funds Weigh In On WisdomTree

A number of large investors have recently bought and sold shares of WT. Sheaff Brock Investment Advisors LLC raised its position in shares of WisdomTree by 2.8% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 42,908 shares of the company's stock worth $383,000 after acquiring an additional 1,155 shares in the last quarter. Federated Hermes Inc. raised its position in shares of WisdomTree by 60.7% in the 4th quarter. Federated Hermes Inc. now owns 4,705 shares of the company's stock worth $49,000 after acquiring an additional 1,777 shares in the last quarter. EntryPoint Capital LLC raised its position in shares of WisdomTree by 6.7% in the 4th quarter. EntryPoint Capital LLC now owns 29,622 shares of the company's stock worth $311,000 after acquiring an additional 1,870 shares in the last quarter. Bank of Montreal Can raised its position in shares of WisdomTree by 11.6% in the 4th quarter. Bank of Montreal Can now owns 18,702 shares of the company's stock worth $196,000 after acquiring an additional 1,951 shares in the last quarter. Finally, Byrne Asset Management LLC raised its position in shares of WisdomTree by 114.0% in the 1st quarter. Byrne Asset Management LLC now owns 3,852 shares of the company's stock worth $34,000 after acquiring an additional 2,052 shares in the last quarter. Hedge funds and other institutional investors own 78.64% of the company's stock.

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.