WisdomTree, Inc. (NYSE:WT) Given Average Rating of “Hold” by Analysts

Shares of WisdomTree, Inc. (NYSE:WT) have received an average recommendation of “Hold” from the seven research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $12.42.

Separately, The Goldman Sachs Group dropped their target price on shares of WisdomTree from $9.75 to $8.50 and set a “sell” rating for the company in a report on Monday, April 14th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC boosted its holdings in shares of WisdomTree by 110.0% during the first quarter. Millennium Management LLC now owns 4,266,947 shares of the company’s stock worth $38,061,000 after purchasing an additional 2,235,413 shares during the last quarter. Simcoe Capital Management LLC acquired a new stake in WisdomTree in the 1st quarter worth about $35,582,000. Massachusetts Financial Services Co. MA grew its holdings in WisdomTree by 0.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,698,844 shares of the company’s stock valued at $32,994,000 after buying an additional 13,746 shares during the period. Nuveen LLC purchased a new stake in WisdomTree in the 1st quarter valued at about $17,003,000. Finally, Two Sigma Investments LP lifted its holdings in shares of WisdomTree by 10.5% during the 4th quarter. Two Sigma Investments LP now owns 1,500,371 shares of the company’s stock worth $15,754,000 after acquiring an additional 142,226 shares during the period. Institutional investors and hedge funds own 78.64% of the company’s stock.

WisdomTree Stock Performance

NYSE WT opened at $9.90 on Monday. The business has a 50 day moving average price of $8.95 and a 200 day moving average price of $9.58. The company has a market capitalization of $1.46 billion, a P/E ratio of 31.95 and a beta of 1.11. WisdomTree has a 1-year low of $7.47 and a 1-year high of $12.45. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.92 and a quick ratio of 2.13.

WisdomTree (NYSE:WT) last announced its quarterly earnings results on Friday, May 2nd. The company reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. The business had revenue of $108.08 million during the quarter, compared to analysts’ expectations of $108.47 million. During the same quarter last year, the business posted $0.12 earnings per share. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. Sell-side analysts expect that WisdomTree will post 0.72 EPS for the current fiscal year.

WisdomTree Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Wednesday, May 14th. WisdomTree’s dividend payout ratio is presently 34.29%.

About WisdomTree

WisdomTree, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.