WisdomTree, Inc. (NYSE:WT) Receives $18.47 Consensus Target Price from Analysts

WisdomTree, Inc. (NYSE:WT) has received an average rating of “Moderate Buy” from the eight research firms that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $18.4667.

Several equities research analysts have commented on WT shares. Northland Securities set a $20.00 target price on shares of WisdomTree in a research note on Monday, February 2nd. Oppenheimer upped their target price on shares of WisdomTree from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Morgan Stanley set a $18.00 target price on shares of WisdomTree in a research note on Thursday, April 30th. Raymond James Financial started coverage on shares of WisdomTree in a research note on Tuesday, April 21st. They issued an “outperform” rating and a $20.00 target price for the company. Finally, Wall Street Zen raised shares of WisdomTree from a “hold” rating to a “buy” rating in a research note on Tuesday, May 19th.

WisdomTree Price Performance

Shares of NYSE:WT opened at $19.08 on Monday. WisdomTree has a 52 week low of $9.24 and a 52 week high of $19.85. The company has a debt-to-equity ratio of 2.37, a quick ratio of 4.18 and a current ratio of 4.57. The company has a market capitalization of $2.92 billion, a PE ratio of 46.54 and a beta of 1.13. The company has a 50 day moving average price of $16.54 and a two-hundred day moving average price of $14.79.

WisdomTree (NYSE:WT) last issued its earnings results on Friday, May 1st. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. WisdomTree had a net margin of 11.26% and a return on equity of 33.31%. The firm had revenue of $159.50 million during the quarter, compared to the consensus estimate of $156.96 million. During the same quarter in the prior year, the firm earned $0.16 earnings per share. The business’s quarterly revenue was up 47.5% on a year-over-year basis. Analysts forecast that WisdomTree will post 1.13 earnings per share for the current year.

WisdomTree Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th 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, May 13th. WisdomTree’s dividend payout ratio is presently 29.27%.

Insider Activity at WisdomTree

In other WisdomTree news, COO R Jarrett Lilien sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $18.99, for a total value of $569,700.00. Following the completion of the sale, the chief operating officer owned 1,110,245 shares of the company’s stock, valued at approximately $21,083,552.55. This represents a 2.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David M. Yates sold 15,000 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $18.06, for a total transaction of $270,900.00. Following the sale, the insider directly owned 157,499 shares of the company’s stock, valued at $2,844,431.94. This represents a 8.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 75,000 shares of company stock valued at $1,345,800 in the last ninety days. Insiders own 10.10% of the company’s stock.

Institutional Investors Weigh In On WisdomTree

Several large investors have recently made changes to their positions in WT. Principal Financial Group Inc. boosted its holdings in WisdomTree by 48.6% during the third quarter. Principal Financial Group Inc. now owns 854,509 shares of the company’s stock worth $11,878,000 after purchasing an additional 279,296 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in WisdomTree by 18.8% during the third quarter. Public Sector Pension Investment Board now owns 469,086 shares of the company’s stock worth $6,520,000 after purchasing an additional 74,070 shares during the last quarter. Tudor Investment Corp ET AL boosted its holdings in WisdomTree by 18.7% during 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 last quarter. Jupiter Asset Management Ltd. acquired a new position in WisdomTree during the third quarter worth $1,248,000. Finally, American Century Companies Inc. boosted its holdings in WisdomTree by 123.4% during the third quarter. American Century Companies Inc. now owns 1,968,507 shares of the company’s stock worth $27,362,000 after purchasing an additional 1,087,460 shares during the last quarter. 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.