WisdomTree, Inc. (NYSE:WT – Get Free Report) has earned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $11.96.
Several research firms have issued reports on WT. Northland Securities lifted their price target on shares of WisdomTree from $12.00 to $13.50 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $12.00 target price (up from $11.00) on shares of WisdomTree in a report on Monday, July 29th. Oppenheimer upped their target price on WisdomTree from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Finally, Craig Hallum lifted their price target on WisdomTree from $12.00 to $15.00 and gave the stock a “buy” rating in a research note on Monday, July 29th.
Check Out Our Latest Research Report on WisdomTree
Hedge Funds Weigh In On WisdomTree
WisdomTree Stock Up 0.4 %
Shares of WisdomTree stock opened at $10.13 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.01 and a quick ratio of 2.18. WisdomTree has a 1-year low of $6.06 and a 1-year high of $12.02. The business’s fifty day moving average price is $10.28 and its two-hundred day moving average price is $9.43. The company has a market capitalization of $1.54 billion, a P/E ratio of 14.90 and a beta of 1.48.
WisdomTree (NYSE:WT – Get Free Report) last released its quarterly earnings results on Friday, July 26th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $107.03 million for the quarter, compared to the consensus estimate of $103.75 million. WisdomTree had a net margin of 19.72% and a return on equity of 19.22%. As a group, research analysts forecast that WisdomTree will post 0.61 EPS for the current year.
WisdomTree Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were paid a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.18%. WisdomTree’s dividend payout ratio (DPR) is presently 17.65%.
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.
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