WisdomTree (NYSE:WT) Sets New 12-Month High - What's Next?

Key Points

• WisdomTree, Inc. (NYSE:WT) reached a new 52-week high of $13.78, closing at $13.51 with a significant trading volume of over 8 million shares.
• Analysts have increased their price targets for WisdomTree, with the consensus currently at $12.90, following upgrades from multiple firms, including Oppenheimer and Goldman Sachs.
• The company recently declared a quarterly dividend of $0.03 per share, representing an annualized yield of 0.9% and a dividend payout ratio of 30.77%.

WisdomTree, Inc. (NYSE:WT - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $13.78 and last traded at $13.51, with a volume of 8106739 shares trading hands. The stock had previously closed at $13.21.

Analyst Upgrades and Downgrades

WT has been the subject of several recent analyst reports. Oppenheimer upped their target price on WisdomTree from $12.00 to $15.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. The Goldman Sachs Group raised WisdomTree from a "sell" rating to a "neutral" rating and raised their target price for the company from $9.50 to $11.90 in a report on Friday, June 27th. Morgan Stanley raised their target price on WisdomTree from $9.75 to $11.00 and gave the company an "equal weight" rating in a report on Wednesday, July 2nd. Craig Hallum reaffirmed a "buy" rating on shares of WisdomTree in a report on Monday, August 4th. Finally, Northcoast Research upgraded shares of WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 price target for the company in a report on Wednesday, July 2nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, WisdomTree presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.90.

WisdomTree Stock Performance

The company's fifty day moving average is $11.87 and its 200 day moving average is $10.03. The company has a market capitalization of $2.00 billion, a P/E ratio of 34.86 and a beta of 1.16. The company has a current ratio of 1.44, a quick ratio of 1.04 and a debt-to-equity ratio of 0.82.

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

WisdomTree Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 13th. WisdomTree's dividend payout ratio (DPR) is presently 30.77%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. LPL Financial LLC bought a new stake in shares of WisdomTree during the 4th quarter worth $132,000. JPMorgan Chase & Co. lifted its holdings in shares of WisdomTree by 157.4% during the 4th quarter. JPMorgan Chase & Co. now owns 880,489 shares of the company's stock worth $9,245,000 after acquiring an additional 538,385 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of WisdomTree by 17.3% during the 4th quarter. Wells Fargo & Company MN now owns 192,868 shares of the company's stock worth $2,025,000 after acquiring an additional 28,497 shares during the last quarter. Federated Hermes Inc. lifted its stake in WisdomTree by 60.7% in the fourth quarter. Federated Hermes Inc. now owns 4,705 shares of the company's stock worth $49,000 after purchasing an additional 1,777 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in WisdomTree by 11.6% in the fourth quarter. Bank of Montreal Can now owns 18,702 shares of the company's stock worth $196,000 after purchasing an additional 1,951 shares during the last quarter. 78.64% of the stock is owned by institutional investors.

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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