WisdomTree, Inc. (NYSE:WT) Stock Has Average Price Target of $26.05

Shares of WisdomTree, Inc. (NYSE:WT) have earned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $26.05.

WT has been the topic of several research analyst reports. Weiss Ratings raised WisdomTree from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Morgan Stanley increased their price target on shares of WisdomTree from $21.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, September 25th. Raymond James Financial restated an “outperform” rating and set a $26.00 price target on shares of WisdomTree in a report on Thursday, August 27th. Craig Hallum boosted their price objective on shares of WisdomTree from $24.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, October 2nd. Finally, Zacks Research raised shares of WisdomTree from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 28th.

Insider Activity

In other news, COO R. Jarrett Lilien sold 30,000 shares of the business’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $24.56, for a total transaction of $736,800.00. Following the transaction, the chief operating officer directly owned 1,080,245 shares in the company, valued at $26,530,817.20. The trade was a 2.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 10.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On WisdomTree

A number of hedge funds have recently modified their holdings of WT. BlackRock Inc. bought a new stake in WisdomTree in the second quarter worth approximately $326,513,000. Azora Capital LP acquired a new position in shares of WisdomTree during the 2nd quarter worth $104,698,000. Bank of America Corp DE acquired a new position in shares of WisdomTree during the 2nd quarter worth $33,743,000. Jupiter Topco LLC acquired a new position in shares of WisdomTree during the 2nd quarter worth $24,616,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of WisdomTree by 41.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,134,430 shares of the company’s stock valued at $60,197,000 after purchasing an additional 1,205,097 shares in the last quarter. 78.64% of the stock is owned by institutional investors and hedge funds.

WisdomTree Stock Performance

Shares of WT stock opened at $21.37 on Thursday. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 41.10 and a beta of 1.17. WisdomTree has a 1-year low of $10.69 and a 1-year high of $25.91. 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 stock’s fifty day simple moving average is $23.43 and its 200-day simple moving average is $20.05.

WisdomTree (NYSE:WT) last announced its quarterly earnings data on Friday, July 31st. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.05. WisdomTree had a return on equity of 39.12% and a net margin of 13.27%. The firm had revenue of $177.16 million during the quarter, compared to the consensus estimate of $170.62 million. During the same period in the prior year, the business earned $0.18 EPS. The business’s revenue for the quarter was up 57.3% on a year-over-year basis. On average, sell-side analysts predict that WisdomTree will post 1.20 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th were given a $0.03 dividend. The ex-dividend date was Wednesday, August 12th. This represents a $0.12 dividend on an annualized basis and a yield of 0.6%. WisdomTree’s dividend payout ratio is presently 23.08%.

About WisdomTree

WisdomTree, Inc (NYSE: WT) is a financial services company and asset manager that develops and sponsors exchange-traded funds (ETFs) and other exchange-traded products (ETPs). The company provides investment strategies designed to give investors access to equities, fixed income, currencies, commodities, alternatives and other asset classes.

Its product lineup includes rules-based and actively managed ETFs, as well as portfolio solutions and model portfolios intended for individual and institutional investors.