WisdomTree, Inc. (NYSE:WT) Given Average Rating of “Moderate Buy” by Brokerages

WisdomTree, Inc. (NYSE:WT) has been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $13.15.

Several analysts have recently weighed in on WT shares. Craig Hallum reiterated a “buy” rating on shares of WisdomTree in a research report on Monday, August 4th. Oppenheimer lifted their target price on WisdomTree from $12.00 to $15.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. The Goldman Sachs Group upgraded WisdomTree from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $9.50 to $11.90 in a research report on Friday, June 27th. Morgan Stanley lifted their target price on WisdomTree from $11.50 to $12.50 and gave the stock an “equal weight” rating in a research report on Monday, August 18th. Finally, Northcoast Research upgraded WisdomTree from a “neutral” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Wednesday, July 2nd.

Insider Buying and Selling at WisdomTree

In other news, COO R Jarrett Lilien sold 25,000 shares of WisdomTree stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $13.33, for a total transaction of $333,250.00. Following the completion of the sale, the chief operating officer directly owned 1,048,638 shares in the company, valued at approximately $13,978,344.54. This trade represents a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 9.30% of the company’s stock.

Hedge Funds Weigh In On WisdomTree

Several institutional investors have recently made changes to their positions in the company. State of Wyoming increased its stake in shares of WisdomTree by 229.4% during the second quarter. State of Wyoming now owns 17,499 shares of the company’s stock valued at $201,000 after buying an additional 12,187 shares during the period. Public Sector Pension Investment Board raised its holdings in WisdomTree by 8.8% in the second quarter. Public Sector Pension Investment Board now owns 395,016 shares of the company’s stock worth $4,547,000 after purchasing an additional 32,085 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of WisdomTree by 67.3% during the second quarter. Tower Research Capital LLC TRC now owns 15,625 shares of the company’s stock worth $180,000 after acquiring an additional 6,283 shares during the last quarter. Tidal Investments LLC purchased a new stake in shares of WisdomTree during the second quarter worth about $15,649,000. Finally, Simcoe Capital Management LLC grew its stake in shares of WisdomTree by 23.5% during the second quarter. Simcoe Capital Management LLC now owns 4,924,550 shares of the company’s stock worth $56,682,000 after acquiring an additional 935,505 shares during the last quarter. Hedge funds and other institutional investors own 78.64% of the company’s stock.

WisdomTree Stock Up 2.4%

Shares of WT opened at $13.2350 on Friday. The company has a market cap of $1.95 billion, a PE ratio of 33.94 and a beta of 1.16. The business has a fifty day moving average of $12.48 and a 200 day moving average of $10.25. WisdomTree has a 52-week low of $7.47 and a 52-week high of $13.79. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 0.82.

WisdomTree (NYSE:WT) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18. The company had revenue of $112.60 million during the quarter, compared to the consensus estimate of $110.66 million. WisdomTree had a return on equity of 25.17% and a net margin of 16.25%.WisdomTree’s revenue was up 5.2% on a year-over-year basis. During the same period last year, the company earned $0.16 earnings per share. On average, sell-side analysts expect that WisdomTree will post 0.72 EPS for the current year.

WisdomTree Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, August 13th. WisdomTree’s dividend payout ratio (DPR) is 30.77%.

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.