WisdomTree, Inc. (NYSE:WT) Receives Average Recommendation of “Moderate Buy” from Analysts

WisdomTree, Inc. (NYSE:WT) has received an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $14.80.

Several brokerages have recently weighed in on WT. Zacks Research raised shares of WisdomTree from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Wall Street Zen upgraded shares of WisdomTree from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Morgan Stanley increased their price target on shares of WisdomTree from $13.50 to $14.75 and gave the company an “equal weight” rating in a research note on Wednesday, December 17th. The Goldman Sachs Group reduced their price target on shares of WisdomTree from $14.75 to $13.25 and set a “neutral” rating on the stock in a research report on Tuesday, November 25th. Finally, Weiss Ratings upgraded WisdomTree from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th.

WisdomTree Price Performance

WT stock opened at $15.23 on Tuesday. WisdomTree has a 1 year low of $7.47 and a 1 year high of $15.25. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.82 and a quick ratio of 2.41. The firm has a market capitalization of $2.14 billion, a PE ratio of 23.42 and a beta of 1.08. The business has a 50 day simple moving average of $12.06 and a 200-day simple moving average of $12.78.

WisdomTree (NYSE:WT) last announced its quarterly earnings data on Friday, October 31st. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. The firm had revenue of $125.62 million for the quarter, compared to the consensus estimate of $122.00 million. WisdomTree had a return on equity of 26.59% and a net margin of 21.10%.The firm’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.18 earnings per share. Equities research analysts anticipate that WisdomTree will post 0.72 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, November 12th. WisdomTree’s dividend payout ratio (DPR) is presently 18.46%.

Insider Activity

In other WisdomTree news, COO R Jarrett Lilien sold 12,500 shares of WisdomTree stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $11.01, for a total transaction of $137,625.00. Following the completion of the sale, the chief operating officer directly owned 998,638 shares in the company, valued at $10,995,004.38. This trade represents a 1.24% 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. Also, insider David M. Yates sold 6,820 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $11.12, for a total transaction of $75,838.40. Following the completion of the sale, the insider directly owned 152,123 shares in the company, valued at $1,691,607.76. This trade represents a 4.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 44,320 shares of company stock worth $507,713. 9.30% of the stock is owned by insiders.

Institutional Trading of WisdomTree

Several institutional investors have recently added to or reduced their stakes in the stock. Maryland State Retirement & Pension System lifted its stake in WisdomTree by 2.3% during the second quarter. Maryland State Retirement & Pension System now owns 34,056 shares of the company’s stock worth $392,000 after purchasing an additional 778 shares in the last quarter. Cooper Financial Group raised its holdings in shares of WisdomTree by 6.6% in the 4th quarter. Cooper Financial Group now owns 12,849 shares of the company’s stock valued at $157,000 after buying an additional 799 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in WisdomTree by 3.4% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 27,056 shares of the company’s stock worth $376,000 after acquiring an additional 900 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in WisdomTree by 4.2% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 22,957 shares of the company’s stock valued at $264,000 after acquiring an additional 927 shares during the period. Finally, Personal CFO Solutions LLC grew its position in WisdomTree by 7.9% in the 2nd quarter. Personal CFO Solutions LLC now owns 13,422 shares of the company’s stock valued at $154,000 after acquiring an additional 986 shares in the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

About WisdomTree

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.