WisdomTree (NYSE:WT) Sets New 52-Week High - Should You Buy?

Key Points

• WisdomTree, Inc. has achieved a new 52-week high of $14.96 during trading, indicating strong investor interest with a trading volume of 2,752,534 shares.
• Analysts have a consensus rating of "Moderate Buy" for WisdomTree, with a target price ranging between $15.00 and $16.00 from various firms.
• The company recently announced a $0.03 quarterly dividend per share, which reflects an annualized dividend yield of 0.8%.

WisdomTree, Inc. (NYSE:WT - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $14.96 and last traded at $14.67, with a volume of 2752534 shares traded. The stock had previously closed at $14.67.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Northcoast Research upgraded WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 target price on the stock in a report on Wednesday, July 2nd. Oppenheimer lifted their target price on WisdomTree from $12.00 to $15.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Morgan Stanley lifted their target price on WisdomTree from $11.50 to $12.50 and gave the stock an "equal weight" rating in a report on Monday, August 18th. Craig Hallum restated a "buy" rating on shares of WisdomTree in a report on Monday, August 4th. Finally, Northland Securities set a $16.00 target price on WisdomTree in a report on Wednesday, September 3rd. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $13.56.

WisdomTree Stock Down 0.0%

The company has a debt-to-equity ratio of 0.82, a current ratio of 1.44 and a quick ratio of 1.04. The firm has a market cap of $2.16 billion, a PE ratio of 37.61 and a beta of 1.19. The business has a fifty day moving average price of $13.49 and a two-hundred day moving average price of $10.94.

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

WisdomTree Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were given 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 yield of 0.8%. WisdomTree's dividend payout ratio (DPR) is presently 30.77%.

Insider Transactions at WisdomTree

In related news, COO R Jarrett Lilien sold 12,500 shares of WisdomTree stock in a transaction on Tuesday, August 26th. The stock was 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 approximately $13,687,382.98. This trade represents a 1.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 9.30% of the company's stock.

Institutional Trading of WisdomTree

A number of institutional investors have recently bought and sold shares of the company. Maryland State Retirement & Pension System boosted 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 purchasing an additional 778 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted 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 valued at $264,000 after purchasing an additional 927 shares during the last quarter. Personal CFO Solutions LLC boosted 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 valued at $154,000 after purchasing an additional 986 shares during the last quarter. Sheaff Brock Investment Advisors LLC boosted its position in WisdomTree by 2.8% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 42,908 shares of the company's stock valued at $383,000 after purchasing an additional 1,155 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its position in shares of WisdomTree by 1.5% in 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 during the last quarter. Institutional investors and hedge funds 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.

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