Brokerages Set WisdomTree, Inc. (NYSE:WT) Target Price at $17.65

WisdomTree, Inc. (NYSE:WT) has been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $17.65.

Several research firms have commented on WT. Northland Securities set a $20.00 price target on shares of WisdomTree in a report on Monday, February 2nd. Wall Street Zen upgraded shares of WisdomTree from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Zacks Research raised shares of WisdomTree from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. Oppenheimer increased their target price on WisdomTree from $17.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. Finally, Morgan Stanley set a $16.75 price target on WisdomTree in a research note on Tuesday, February 10th.

WisdomTree Price Performance

WT stock opened at $16.66 on Wednesday. The business’s 50-day moving average is $15.48 and its two-hundred day moving average is $13.62. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.75 and a quick ratio of 1.37. The firm has a market capitalization of $2.36 billion, a P/E ratio of 22.21 and a beta of 1.09. WisdomTree has a 1 year low of $7.47 and a 1 year high of $17.68.

WisdomTree (NYSE:WT) last announced its quarterly earnings data on Friday, January 30th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.06. The business had revenue of $147.43 million during the quarter, compared to the consensus estimate of $142.78 million. WisdomTree had a return on equity of 30.24% and a net margin of 22.10%.The business’s revenue for the quarter was up 33.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 earnings per share. Analysts anticipate that WisdomTree will post 0.72 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th were issued a $0.03 dividend. The ex-dividend date was Wednesday, February 11th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.7%. WisdomTree’s dividend payout ratio is presently 16.00%.

Insider Buying and Selling at WisdomTree

In related news, COO R Jarrett Lilien sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $16.84, for a total transaction of $505,200.00. Following the completion of the sale, the chief operating officer owned 1,140,245 shares in the company, valued at $19,201,725.80. The trade was a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 9.30% of the company’s stock.

Institutional Trading of WisdomTree

Institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd boosted its holdings in shares of WisdomTree by 163.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company’s stock valued at $30,000 after buying an additional 1,521 shares in the last quarter. Quarry LP raised its stake in WisdomTree by 1,679.0% during the 3rd quarter. Quarry LP now owns 2,206 shares of the company’s stock worth $31,000 after acquiring an additional 2,082 shares in the last quarter. Quattro Advisors LLC purchased a new stake in WisdomTree in the fourth quarter valued at $31,000. First Horizon Corp purchased a new stake in WisdomTree in the third quarter valued at $32,000. Finally, Flagship Harbor Advisors LLC acquired a new position in WisdomTree in the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 78.64% of the company’s stock.

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.