WisdomTree, Inc. (NYSE:WT) Receives Average Rating of “Moderate Buy” from Analysts

WisdomTree, Inc. (NYSE:WT) 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.

Hedge Funds Weigh In On WisdomTree

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Truist Financial Corp bought a new position in WisdomTree during the second quarter worth about $260,000. Algert Global LLC bought a new position in shares of WisdomTree during the 2nd quarter worth approximately $121,000. Susquehanna Fundamental Investments LLC increased its holdings in shares of WisdomTree by 593.4% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 88,735 shares of the company’s stock worth $879,000 after acquiring an additional 75,938 shares during the last quarter. AQR Capital Management LLC lifted its holdings in WisdomTree by 51.6% during the 2nd quarter. AQR Capital Management LLC now owns 720,132 shares of the company’s stock valued at $7,137,000 after purchasing an additional 245,041 shares during the last quarter. Finally, Alpha DNA Investment Management LLC bought a new position in WisdomTree during the second quarter worth $524,000. 78.64% of the stock is owned by institutional investors and hedge funds.

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) 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.