Analysts Set WisdomTree, Inc. (NYSE:WT) Target Price at $21.46

Shares of WisdomTree, Inc. (NYSE:WT) have received an average rating of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $23.66.

WT has been the topic of several research analyst reports. The Goldman Sachs Group lifted their price objective on shares of WisdomTree from $16.40 to $18.30 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Oppenheimer raised their target price on WisdomTree from $22.00 to $27.00 and gave the stock an “outperform” rating in a research report on Wednesday. Northland Securities upped their price target on WisdomTree from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. Wall Street Zen raised WisdomTree from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Finally, Zacks Research lowered WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Clearstead Trust LLC acquired a new stake in shares of WisdomTree during the 2nd quarter valued at $92,000. Nykredit A S acquired a new position in shares of WisdomTree in the second quarter worth $27,000. Team Financial Group LLC purchased a new stake in shares of WisdomTree during the first quarter worth $29,000. Transamerica Financial Advisors LLC purchased a new stake in shares of WisdomTree during the second quarter worth $36,000. Finally, Quarry LP boosted its position in WisdomTree by 1,679.0% during the third quarter. Quarry LP now owns 2,206 shares of the company’s stock valued at $31,000 after purchasing an additional 2,082 shares during the last quarter. 78.64% of the stock is owned by hedge funds and other institutional investors.

WisdomTree Stock Performance

NYSE:WT opened at $24.53 on Wednesday. WisdomTree has a twelve month low of $10.69 and a twelve month high of $25.89. The company has a current ratio of 3.00, a quick ratio of 2.73 and a debt-to-equity ratio of 2.53. The company has a 50-day moving average of $20.47 and a 200-day moving average of $18.20. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 47.17 and a beta of 1.17.

WisdomTree (NYSE:WT) last issued its earnings results on Friday, July 31st. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. The business had revenue of $177.16 million for the quarter, compared to analysts’ expectations of $170.62 million. WisdomTree had a return on equity of 39.12% and a net margin of 13.27%.The company’s quarterly revenue was up 57.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.18 EPS. Analysts forecast that WisdomTree will post 1.19 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, August 12th. WisdomTree’s dividend payout ratio is 23.08%.

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.