WisdomTree (NYSE:WT) Sets New 52-Week High – Here’s What Happened

WisdomTree, Inc. (NYSE:WT) reached a new 52-week high during trading on Monday . The company traded as high as $25.89 and last traded at $24.2280, with a volume of 2625 shares. The stock had previously closed at $24.43.

Analyst Ratings Changes

WT has been the subject of several analyst reports. Northland Securities raised their price target on WisdomTree from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. Zacks Research downgraded shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Wall Street Zen raised shares of WisdomTree from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Raymond James Financial restated an “outperform” rating and set a $26.00 price objective on shares of WisdomTree in a research note on Thursday. Finally, Weiss Ratings raised shares of WisdomTree from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, August 19th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.66.

WisdomTree Price Performance

The firm has a 50-day moving average of $20.47 and a 200-day moving average of $18.20. The company has a debt-to-equity ratio of 2.53, a quick ratio of 2.73 and a current ratio of 3.00. The firm has a market capitalization of $3.69 billion, a P/E ratio of 46.72 and a beta of 1.17.

WisdomTree (NYSE:WT) last posted its earnings results on Friday, July 31st. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. WisdomTree had a return on equity of 39.12% and a net margin of 13.27%.The business had revenue of $177.16 million during the quarter, compared to analyst estimates of $170.62 million. During the same quarter last year, the company earned $0.18 EPS. The company’s quarterly revenue was up 57.3% compared to the same quarter last year. As a group, analysts predict that WisdomTree, Inc. will post 1.19 EPS for the current year.

WisdomTree Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $0.12 annualized dividend and a dividend yield of 0.5%. WisdomTree’s dividend payout ratio (DPR) is 23.08%.

Institutional Investors Weigh In On WisdomTree

Several large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. increased its holdings 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 buying an additional 778 shares during the last quarter. Clearstead Trust LLC bought a new position in WisdomTree in the second quarter worth approximately $92,000. Pictet Asset Management Holding SA boosted its stake in shares of WisdomTree by 5.3% during the 1st quarter. Pictet Asset Management Holding SA now owns 21,947 shares of the company’s stock worth $320,000 after acquiring an additional 1,108 shares during the last quarter. Osaic Holdings Inc. boosted its stake in shares of WisdomTree by 1.5% during 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. Finally, Illinois Municipal Retirement Fund grew its position in shares of WisdomTree by 2.1% during the 4th quarter. Illinois Municipal Retirement Fund now owns 61,799 shares of the company’s stock valued at $753,000 after acquiring an additional 1,281 shares during the period. 78.64% of the stock is currently owned by institutional investors.

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.