Brokerages Set WisdomTree, Inc. (NYSE:WT) Price Target at $20.16

Shares of WisdomTree, Inc. (NYSE:WT) have been assigned a consensus rating of “Hold” from the six research firms that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $20.36.

A number of equities research analysts have commented on the company. Zacks Research downgraded WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Raymond James Financial initiated coverage on shares of WisdomTree in a research note on Tuesday, April 21st. They issued an “outperform” rating and a $20.00 price objective for the company. Oppenheimer boosted their price objective on shares of WisdomTree from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Monday. Weiss Ratings lowered shares of WisdomTree from a “buy (b)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Finally, Morgan Stanley set a $21.00 target price on shares of WisdomTree in a report on Wednesday, July 29th.

Insider Buying and Selling

In other WisdomTree news, COO R Jarrett Lilien sold 30,000 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $18.99, for a total transaction of $569,700.00. Following the sale, the chief operating officer directly owned 1,110,245 shares in the company, valued at approximately $21,083,552.55. The trade was a 2.63% 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. Insiders own 10.10% of the company’s stock.

Institutional Investors Weigh In On WisdomTree

Several institutional investors and hedge funds have recently made changes to their positions in WT. Team Financial Group LLC purchased a new position in WisdomTree during the 1st quarter valued at about $29,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of WisdomTree by 163.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company’s stock valued at $30,000 after purchasing an additional 1,521 shares in the last quarter. Quarry LP grew its position in shares of WisdomTree by 1,679.0% in the third quarter. Quarry LP now owns 2,206 shares of the company’s stock valued at $31,000 after purchasing an additional 2,082 shares during the last quarter. Quattro Advisors LLC acquired a new stake in shares of WisdomTree in the fourth quarter valued at approximately $31,000. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of WisdomTree during the 4th quarter worth approximately $36,000. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

WisdomTree Stock Performance

NYSE WT opened at $20.96 on Friday. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 40.31 and a beta of 1.17. The business’s 50 day moving average is $18.69 and its two-hundred day moving average is $17.24. WisdomTree has a 12-month low of $10.69 and a 12-month high of $21.29. The company has a current ratio of 3.00, a quick ratio of 2.73 and a debt-to-equity ratio of 2.53.

WisdomTree (NYSE:WT) last posted its quarterly earnings results on Friday, July 31st. The company reported $0.31 earnings per share for the quarter, beating 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 firm had revenue of $177.20 million for the quarter, compared to the consensus estimate of $170.62 million. During the same period in the previous year, the business earned $0.18 earnings per share. The company’s revenue for the quarter was up 57.3% compared to the same quarter last year. Research analysts expect that WisdomTree will post 1.14 EPS for the current year.

WisdomTree Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, August 12th. WisdomTree’s dividend payout ratio (DPR) is presently 23.08%.

About WisdomTree

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.