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

WisdomTree, Inc. (NYSE:WT) shares reached a new 52-week high on Thursday . The company traded as high as $20.21 and last traded at $20.0770, with a volume of 307173 shares trading hands. The stock had previously closed at $20.01.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group reiterated a “neutral” rating and issued a $16.80 price target on shares of WisdomTree in a research note on Tuesday, May 5th. Morgan Stanley upped their price objective on WisdomTree from $18.00 to $20.50 and gave the stock an “equal weight” rating in a research note on Friday, June 26th. Weiss Ratings cut WisdomTree from a “buy (b)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Zacks Research raised WisdomTree from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Finally, Raymond James Financial started coverage on WisdomTree in a report on Tuesday, April 21st. They issued an “outperform” rating and a $20.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $20.06.

WisdomTree Stock Performance

The company has a debt-to-equity ratio of 2.37, a quick ratio of 4.18 and a current ratio of 4.57. The company has a market capitalization of $3.06 billion, a P/E ratio of 48.83 and a beta of 1.18. The business’s fifty day simple moving average is $18.59 and its 200-day simple moving average is $16.69.

WisdomTree (NYSE:WT) last released its quarterly earnings data on Friday, May 1st. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. WisdomTree had a net margin of 11.26% and a return on equity of 33.31%. The business had revenue of $159.50 million during the quarter, compared to the consensus estimate of $156.96 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The business’s revenue was up 47.5% on a year-over-year basis. As a group, equities analysts anticipate that WisdomTree, Inc. will post 1.14 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $0.12 dividend on an annualized basis and a yield of 0.6%. WisdomTree’s dividend payout ratio is presently 29.27%.

Insider Activity at WisdomTree

In other WisdomTree news, insider David M. Yates sold 15,000 shares of WisdomTree stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $18.06, for a total value of $270,900.00. Following the sale, the insider owned 157,499 shares of the company’s stock, valued at $2,844,431.94. The trade was a 8.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO R Jarrett Lilien sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $18.99, for a total value of $569,700.00. Following the sale, the chief operating officer directly owned 1,110,245 shares in the company, valued at $21,083,552.55. This trade represents a 2.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 10.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in WT. Sowell Financial Services LLC lifted its position in WisdomTree by 6.3% in the fourth quarter. Sowell Financial Services LLC now owns 11,518 shares of the company’s stock worth $140,000 after buying an additional 680 shares during the last quarter. Russell Investments Group Ltd. increased its position in WisdomTree by 3.9% during the fourth quarter. Russell Investments Group Ltd. now owns 20,605 shares of the company’s stock valued at $251,000 after acquiring an additional 778 shares during the last quarter. Cooper Financial Group raised its stake in shares of WisdomTree by 6.6% in the fourth quarter. Cooper Financial Group now owns 12,849 shares of the company’s stock valued at $157,000 after acquiring an additional 799 shares during the period. Pictet Asset Management Holding SA raised its stake in shares of WisdomTree by 5.3% in the first quarter. Pictet Asset Management Holding SA now owns 21,947 shares of the company’s stock valued at $320,000 after acquiring an additional 1,108 shares during the period. Finally, Osaic Holdings Inc. lifted its holdings in shares of WisdomTree by 1.5% in the 2nd quarter. Osaic Holdings Inc. now owns 87,126 shares of the company’s stock worth $1,003,000 after acquiring an additional 1,266 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.