WisdomTree, Inc. (NYSE:WT) Receives $12.54 Average Price Target from Brokerages

Shares of WisdomTree, Inc. (NYSE:WT) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $12.54.

WT has been the topic of several recent research reports. Northcoast Research cut shares of WisdomTree from a “buy” rating to a “neutral” rating in a research report on Thursday, January 2nd. Keefe, Bruyette & Woods dropped their price target on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating on the stock in a research report on Tuesday, January 14th.

WisdomTree Stock Performance

Shares of NYSE:WT opened at $8.68 on Wednesday. The company’s 50 day simple moving average is $9.30 and its 200 day simple moving average is $10.10. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 27.98 and a beta of 1.53. 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 has a 1 year low of $7.96 and a 1 year high of $12.45.

WisdomTree (NYSE:WT) last posted its earnings results on Friday, January 31st. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. As a group, research analysts predict that WisdomTree will post 0.72 EPS for the current fiscal year.

WisdomTree Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Wednesday, February 12th. WisdomTree’s payout ratio is currently 38.71%.

Insider Transactions at WisdomTree

In other WisdomTree news, insider Alexis Marinof sold 90,980 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $9.87, for a total transaction of $897,972.60. Following the completion of the sale, the insider now directly owns 221,146 shares of the company’s stock, valued at approximately $2,182,711.02. This represents a 29.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On WisdomTree

Institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. lifted its holdings in shares of WisdomTree by 21.3% in the 3rd quarter. Victory Capital Management Inc. now owns 2,332,762 shares of the company’s stock worth $23,304,000 after acquiring an additional 410,348 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of WisdomTree by 26.9% in the 3rd quarter. Principal Financial Group Inc. now owns 708,842 shares of the company’s stock worth $7,081,000 after acquiring an additional 150,257 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its holdings in shares of WisdomTree by 180.4% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 115,289 shares of the company’s stock worth $1,152,000 after acquiring an additional 74,173 shares during the last quarter. Crawford Fund Management LLC lifted its holdings in shares of WisdomTree by 34.0% in the 3rd quarter. Crawford Fund Management LLC now owns 499,874 shares of the company’s stock worth $4,994,000 after acquiring an additional 126,700 shares during the last quarter. Finally, Truist Financial Corp lifted its holdings in shares of WisdomTree by 142.9% in the 4th quarter. Truist Financial Corp now owns 73,579 shares of the company’s stock worth $773,000 after acquiring an additional 43,293 shares during the last quarter. 78.64% of the stock is owned by hedge funds and other institutional investors.

WisdomTree Company Profile

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.