WisdomTree, Inc. (NYSE:WT) Receives $10.88 Consensus Price Target from Brokerages

Shares of WisdomTree, Inc. (NYSE:WT) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $10.88.

WT has been the subject of a number of research reports. Morgan Stanley upped their price objective on WisdomTree from $7.75 to $9.25 and gave the company an “equal weight” rating in a research report on Wednesday, April 17th. UBS Group upped their price target on WisdomTree from $9.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Craig Hallum assumed coverage on WisdomTree in a research report on Wednesday, March 6th. They issued a “buy” rating and a $12.00 price target for the company. Northland Securities upgraded WisdomTree from a “market perform” rating to an “outperform” rating and set a $12.00 price target for the company in a research report on Wednesday, April 3rd. Finally, Oppenheimer restated an “outperform” rating and issued a $11.00 price target on shares of WisdomTree in a research report on Monday.

Insider Transactions at WisdomTree

In other WisdomTree news, CEO Jonathan L. Steinberg acquired 303,781 shares of the company’s stock in a transaction dated Tuesday, February 13th. The stock was purchased at an average price of $7.20 per share, with a total value of $2,187,223.20. Following the completion of the purchase, the chief executive officer now directly owns 9,172,838 shares in the company, valued at approximately $66,044,433.60. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On WisdomTree

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. bought a new position in WisdomTree during the third quarter valued at approximately $103,908,000. Azora Capital LP boosted its stake in WisdomTree by 3.6% during the fourth quarter. Azora Capital LP now owns 7,793,321 shares of the company’s stock valued at $54,008,000 after buying an additional 268,277 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in WisdomTree during the third quarter valued at approximately $34,737,000. Dimensional Fund Advisors LP boosted its stake in WisdomTree by 7.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,998,260 shares of the company’s stock valued at $27,710,000 after buying an additional 294,060 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in WisdomTree by 3.8% during the fourth quarter. Wellington Management Group LLP now owns 3,897,242 shares of the company’s stock valued at $27,008,000 after buying an additional 141,354 shares during the last quarter. 78.64% of the stock is owned by institutional investors.

WisdomTree Trading Down 0.2 %

Shares of NYSE:WT opened at $8.90 on Friday. The company has a market cap of $1.35 billion, a P/E ratio of 13.09 and a beta of 1.49. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.95 and a quick ratio of 2.18. WisdomTree has a 1 year low of $6.05 and a 1 year high of $9.69. The stock’s fifty day moving average price is $8.67 and its 200-day moving average price is $7.43.

WisdomTree (NYSE:WT) last announced its quarterly earnings results on Friday, April 26th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The firm had revenue of $96.84 million for the quarter, compared to the consensus estimate of $94.32 million. WisdomTree had a return on equity of 16.31% and a net margin of 29.80%. The company’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.07 earnings per share. Sell-side analysts expect that WisdomTree will post 0.52 earnings per share for the current year.

WisdomTree Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Tuesday, May 7th. WisdomTree’s dividend payout ratio (DPR) is 17.65%.

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.