Analysts Set WisdomTree, Inc. (NYSE:WT) Target Price at $17.45

Shares of WisdomTree, Inc. (NYSE:WT) have been assigned an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $17.45.

A number of brokerages recently issued reports on WT. Northland Securities set a $20.00 price target on WisdomTree in a report on Monday, February 2nd. Zacks Research upgraded WisdomTree from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 25th. Weiss Ratings reiterated a “buy (b-)” rating on shares of WisdomTree in a research report on Wednesday, January 21st. The Goldman Sachs Group boosted their target price on WisdomTree from $14.00 to $15.50 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Finally, Morgan Stanley set a $16.75 price target on WisdomTree in a research note on Tuesday, February 10th.

WisdomTree Trading Up 4.8%

Shares of WT opened at $14.59 on Friday. The stock has a market capitalization of $2.07 billion, a P/E ratio of 19.45 and a beta of 1.09. WisdomTree has a twelve month low of $7.47 and a twelve month high of $17.68. The company has a quick ratio of 1.37, a current ratio of 1.75 and a debt-to-equity ratio of 1.94. The firm has a fifty day simple moving average of $15.90 and a two-hundred day simple moving average of $13.76.

WisdomTree (NYSE:WT) last released its quarterly earnings data on Friday, January 30th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. The firm had revenue of $147.43 million for the quarter, compared to analysts’ expectations of $142.78 million. WisdomTree had a net margin of 22.10% and a return on equity of 30.24%. The company’s revenue for the quarter was up 33.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.17 earnings per share. On average, research analysts anticipate that WisdomTree will post 0.72 EPS for the current year.

WisdomTree Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders 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 annualized dividend and a yield of 0.8%. WisdomTree’s dividend payout ratio is 16.00%.

Insider Activity at WisdomTree

In other news, COO R Jarrett Lilien sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $16.84, for a total value of $505,200.00. Following the completion of the sale, the chief operating officer directly owned 1,140,245 shares of the company’s stock, valued at approximately $19,201,725.80. This trade represents a 2.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 9.30% of the company’s stock.

Hedge Funds Weigh In On WisdomTree

A number of institutional investors have recently bought and sold shares of the stock. Nordea Investment Management AB raised its position in shares of WisdomTree by 27.4% in the 3rd quarter. Nordea Investment Management AB now owns 524,014 shares of the company’s stock worth $7,284,000 after acquiring an additional 112,542 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of WisdomTree by 48.6% in the 3rd quarter. Principal Financial Group Inc. now owns 854,509 shares of the company’s stock valued at $11,878,000 after purchasing an additional 279,296 shares during the period. Public Sector Pension Investment Board boosted its position in shares of WisdomTree by 18.8% during the third quarter. Public Sector Pension Investment Board now owns 469,086 shares of the company’s stock valued at $6,520,000 after purchasing an additional 74,070 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of WisdomTree during the third quarter valued at approximately $1,248,000. Finally, Tudor Investment Corp ET AL grew its stake in WisdomTree by 18.7% in the third quarter. Tudor Investment Corp ET AL now owns 591,244 shares of the company’s stock worth $8,218,000 after purchasing an additional 93,094 shares during the period. 78.64% of the stock is 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.