Analysts Set WisdomTree, Inc. (NYSE:WT) Price Target at $23.66

WisdomTree, Inc. (NYSE:WT) has received an average rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $23.66.

A number of equities analysts recently weighed in on WT shares. Raymond James Financial reissued an “outperform” rating and issued a $26.00 price target on shares of WisdomTree in a research note on Thursday, August 27th. Wall Street Zen upgraded shares of WisdomTree from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Zacks Research cut WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Weiss Ratings upgraded WisdomTree from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, September 16th. Finally, The Goldman Sachs Group increased their price objective on WisdomTree from $16.40 to $18.30 and gave the stock a “neutral” rating in a research note on Tuesday, August 4th.

WisdomTree Stock Up 0.1%

WT opened at $23.73 on Friday. 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 company has a market capitalization of $3.60 billion, a PE ratio of 45.65 and a beta of 1.20. The stock’s fifty day moving average is $22.33 and its 200-day moving average is $19.04. WisdomTree has a one year low of $10.69 and a one year high of $25.91.

WisdomTree (NYSE:WT) last released 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 firm had revenue of $177.16 million for the quarter, compared to analyst estimates of $170.62 million. WisdomTree had a return on equity of 39.12% and a net margin of 13.27%.WisdomTree’s revenue was up 57.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.18 earnings per share. On average, equities analysts predict that WisdomTree will post 1.19 EPS for the current fiscal year.

WisdomTree Announces Dividend

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

Insider Activity

In other news, COO R. Jarrett Lilien sold 30,000 shares of the stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $24.56, for a total value of $736,800.00. Following the completion of the sale, the chief operating officer directly owned 1,080,245 shares of the company’s stock, valued at $26,530,817.20. This represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 10.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Junto Capital Management LP purchased a new position in shares of WisdomTree during the 2nd quarter valued at $19,838,000. Nykredit A S bought a new stake in shares of WisdomTree in the 2nd quarter valued at approximately $27,000. Amundi increased its holdings in WisdomTree by 390.5% in the second quarter. Amundi now owns 99,579 shares of the company’s stock worth $1,687,000 after buying an additional 79,279 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in WisdomTree in the second quarter worth approximately $1,168,000. Finally, Round Rock Advisors LLC raised its position in WisdomTree by 49.5% during the second quarter. Round Rock Advisors LLC now owns 15,062 shares of the company’s stock valued at $255,000 after acquiring an additional 4,984 shares in the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

WisdomTree Company Profile

WisdomTree, Inc is a financial services company that operates as an exchange-traded fund (ETF) and exchange-traded product sponsor and asset manager. The company develops and manages investment strategies designed to provide exposure to equities, fixed income, currencies, commodities, alternatives and other asset classes.

Its product offerings include dividend-focused, growth and value ETFs, actively managed funds, currency and commodity products, and funds focused on environmental, social and governance themes.