WisdomTree (NYSE:WT) Sees Large Volume Increase - Here's Why

Key Points

• Trading volume surged to 6,363,289 shares (a 67% increase from the prior session), with the stock last trading at $14.33 versus a prior close of $13.49.
• WisdomTree beat expectations for the quarter, reporting $0.29 EPS versus $0.23 expected and revenue of $147.43M (up 33.2% year-over-year), with a 22.1% net margin and 30.24% return on equity.
• Analyst sentiment is broadly positive with an average rating of Moderate Buy and an average target of $17.65, while Oppenheimer recently raised its target to $21 and assigned an "outperform" rating.

Shares of WisdomTree, Inc. (NYSE:WT - Get Free Report) saw strong trading volume on Tuesday . 6,363,289 shares traded hands during trading, an increase of 67% from the previous session's volume of 3,801,534 shares.The stock last traded at $14.3320 and had previously closed at $13.49.

Analyst Ratings Changes

Several equities analysts have recently issued reports on WT shares. Oppenheimer boosted their target price on WisdomTree from $17.00 to $21.00 and gave the company an "outperform" rating in a research note on Tuesday, February 3rd. The Goldman Sachs Group lifted their price target on shares of WisdomTree from $14.00 to $15.50 and gave the company a "neutral" rating in a report on Monday, February 2nd. Wall Street Zen lowered shares of WisdomTree from a "buy" rating to a "hold" rating in a research note on Saturday. Morgan Stanley set a $16.75 price target on shares of WisdomTree in a research report on Tuesday, February 10th. Finally, Northland Securities set a $20.00 price objective on shares of WisdomTree in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $17.65.

WisdomTree Stock Performance

The company has a market capitalization of $1.98 billion, a P/E ratio of 18.66 and a beta of 1.09. The company's 50 day moving average is $15.93 and its 200-day moving average is $13.74. The company has a current ratio of 1.75, a quick ratio of 1.37 and a debt-to-equity ratio of 1.94.

WisdomTree (NYSE:WT - Get Free Report) last posted its quarterly earnings data on Friday, January 30th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.23 by $0.06. WisdomTree had a net margin of 22.10% and a return on equity of 30.24%. The business had revenue of $147.43 million for the quarter, compared to analyst estimates of $142.78 million. During the same quarter in the previous year, the firm posted $0.17 earnings per share. WisdomTree's quarterly revenue was up 33.2% on a year-over-year basis. Equities analysts anticipate that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th were paid a dividend of $0.03 per share. The ex-dividend date was Wednesday, February 11th. This represents a $0.12 dividend on an annualized basis and a yield of 0.9%. WisdomTree's payout ratio is presently 16.00%.

Insider Activity at WisdomTree

In other news, COO R Jarrett Lilien sold 30,000 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $16.84, for a total value of $505,200.00. Following the sale, the chief operating officer directly owned 1,140,245 shares of the company's stock, valued at approximately $19,201,725.80. This represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 9.30% of the company's stock.

Hedge Funds Weigh In On WisdomTree

Hedge funds have recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in WisdomTree by 2.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 456,990 shares of the company's stock valued at $4,076,000 after purchasing an additional 12,402 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of WisdomTree by 379.3% during the first quarter. Jane Street Group LLC now owns 880,977 shares of the company's stock valued at $7,858,000 after buying an additional 697,156 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of WisdomTree by 10.5% during the second quarter. PNC Financial Services Group Inc. now owns 22,290 shares of the company's stock valued at $257,000 after buying an additional 2,119 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of WisdomTree by 8.6% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,752 shares of the company's stock valued at $342,000 after acquiring an additional 2,368 shares in the last quarter. Finally, Creative Planning raised its holdings in WisdomTree by 4.7% in the 2nd quarter. Creative Planning now owns 118,563 shares of the company's stock worth $1,365,000 after acquiring an additional 5,309 shares during the last quarter. Institutional investors own 78.64% of the company's stock.

WisdomTree Company Profile

WisdomTree Investments, Inc NYSE: WT is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.

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