WisdomTree (NYSE:WT) Hits New 12-Month High – What’s Next?

WisdomTree, Inc. (NYSE:WT) reached a new 52-week high during trading on Friday . The stock traded as high as $14.98 and last traded at $14.9750, with a volume of 2410236 shares trading hands. The stock had previously closed at $14.22.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on WT shares. Weiss Ratings raised shares of WisdomTree from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Zacks Research raised WisdomTree from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Wall Street Zen raised WisdomTree from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Morgan Stanley lifted their price objective on WisdomTree from $13.50 to $14.75 and gave the company an “equal weight” rating in a research report on Wednesday, December 17th. Finally, The Goldman Sachs Group reduced their target price on shares of WisdomTree from $14.75 to $13.25 and set a “neutral” rating for the company in a report on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $14.80.

WisdomTree Price Performance

The firm has a market capitalization of $2.14 billion, a P/E ratio of 23.42 and a beta of 1.08. The company has a current ratio of 2.82, a quick ratio of 2.41 and a debt-to-equity ratio of 2.16. The firm has a 50 day moving average price of $12.06 and a 200-day moving average price of $12.78.

WisdomTree (NYSE:WT) last released its quarterly earnings results on Friday, October 31st. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. The firm had revenue of $125.62 million during the quarter, compared to analysts’ expectations of $122.00 million. WisdomTree had a net margin of 21.10% and a return on equity of 26.59%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.18 EPS. On average, analysts expect that WisdomTree, Inc. will post 0.72 earnings per share for the current year.

WisdomTree Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Wednesday, November 12th. WisdomTree’s payout ratio is presently 18.46%.

Insider Activity

In other WisdomTree news, insider David M. Yates sold 6,820 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $11.12, for a total transaction of $75,838.40. Following the completion of the sale, the insider owned 152,123 shares in the company, valued at $1,691,607.76. This represents a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO R Jarrett Lilien sold 12,500 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $11.01, for a total value of $137,625.00. Following the transaction, the chief operating officer directly owned 998,638 shares in the company, valued at $10,995,004.38. This represents a 1.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 44,320 shares of company stock valued at $507,713. Company insiders own 9.30% of the company’s stock.

Hedge Funds Weigh In On WisdomTree

Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC grew its position in shares of WisdomTree by 226.0% in the fourth quarter. SG Americas Securities LLC now owns 165,862 shares of the company’s stock valued at $2,022,000 after purchasing an additional 114,980 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in WisdomTree by 67.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,586 shares of the company’s stock worth $178,000 after buying an additional 5,872 shares during the last quarter. Cooper Financial Group grew its holdings in WisdomTree by 6.6% in the 4th quarter. Cooper Financial Group now owns 12,849 shares of the company’s stock valued at $157,000 after buying an additional 799 shares in the last quarter. Park Avenue Securities LLC grew its holdings in WisdomTree by 5.4% in the 4th quarter. Park Avenue Securities LLC now owns 51,760 shares of the company’s stock valued at $631,000 after buying an additional 2,648 shares in the last quarter. Finally, Tudor Investment Corp ET AL increased its stake in shares of WisdomTree by 18.7% in the 3rd quarter. Tudor Investment Corp ET AL now owns 591,244 shares of the company’s stock worth $8,218,000 after acquiring an additional 93,094 shares during the last quarter. Institutional investors and hedge funds 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.