WisdomTree, Inc. (NYSE:WT) Receives $11.96 Average PT from Analysts

WisdomTree, Inc. (NYSE:WT) has earned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $11.96.

A number of analysts recently weighed in on WT shares. Craig Hallum lifted their price target on WisdomTree from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Northland Securities lifted their price target on WisdomTree from $12.00 to $13.50 and gave the company an “outperform” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $12.00 price target (up from $11.00) on shares of WisdomTree in a research note on Monday, July 29th. Northcoast Research downgraded WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 15th. Finally, Oppenheimer boosted their target price on WisdomTree from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th.

WisdomTree Trading Up 0.6 %

NYSE:WT opened at $10.08 on Wednesday. The firm has a market cap of $1.53 billion, a P/E ratio of 14.82 and a beta of 1.43. The company has a current ratio of 3.01, a quick ratio of 2.18 and a debt-to-equity ratio of 0.62. The stock’s 50 day simple moving average is $10.15 and its 200-day simple moving average is $9.70. WisdomTree has a 12-month low of $6.06 and a 12-month high of $12.02.

WisdomTree (NYSE:WT) last posted its quarterly earnings results on Friday, July 26th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. WisdomTree had a return on equity of 19.22% and a net margin of 19.72%. The firm had revenue of $107.03 million for the quarter, compared to the consensus estimate of $103.75 million. Equities analysts anticipate that WisdomTree will post 0.62 EPS for the current year.

WisdomTree Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th were given a dividend of $0.03 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.12 dividend on an annualized basis and a yield of 1.19%. WisdomTree’s payout ratio is 17.65%.

Institutional Trading of WisdomTree

Several institutional investors and hedge funds have recently made changes to their positions in WT. Victory Capital Management Inc. lifted its position in shares of WisdomTree by 15.2% in the fourth quarter. Victory Capital Management Inc. now owns 22,203 shares of the company’s stock valued at $154,000 after acquiring an additional 2,927 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in WisdomTree in the fourth quarter valued at $94,000. Dimensional Fund Advisors LP increased its stake in WisdomTree by 7.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,998,260 shares of the company’s stock valued at $27,710,000 after purchasing an additional 294,060 shares during the last quarter. Principal Financial Group Inc. acquired a new position in WisdomTree in the fourth quarter valued at $4,003,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in WisdomTree in the fourth quarter valued at $140,000. 78.64% of the stock is currently 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.