WisdomTree, Inc. (NYSE:WT) Receives $14.08 Consensus PT from Analysts

by · The Markets Daily

Shares of WisdomTree, Inc. (NYSE:WT – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $14.0833.

A number of analysts have weighed in on the company. Northland Securities set a $16.00 target price on WisdomTree in a research note on Wednesday, September 3rd. Oppenheimer increased their price target on WisdomTree from $12.00 to $15.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. Morgan Stanley increased their price target on WisdomTree from $12.50 to $13.50 and gave the stock an “equal weight” rating in a research report on Monday, October 6th. The Goldman Sachs Group increased their price target on WisdomTree from $12.25 to $14.50 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Finally, Craig Hallum reissued a “buy” rating on shares of WisdomTree in a research report on Monday, August 4th.

Check Out Our Latest Research Report on WT

Insider Activity

In other news, COO R Jarrett Lilien sold 25,000 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $13.33, for a total transaction of $333,250.00. Following the transaction, the chief operating officer owned 1,048,638 shares of the company’s stock, valued at approximately $13,978,344.54. This represents a 2.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 9.30% of the company’s stock.

Institutional Investors Weigh In On WisdomTree

Institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its position in WisdomTree by 39.2% during the first quarter. Envestnet Asset Management Inc. now owns 808,352 shares of the company’s stock valued at $7,210,000 after purchasing an additional 227,626 shares in the last quarter. American Century Companies Inc. boosted its position in WisdomTree by 11.2% during the first quarter. American Century Companies Inc. now owns 369,747 shares of the company’s stock valued at $3,298,000 after purchasing an additional 37,343 shares in the last quarter. HighTower Advisors LLC bought a new stake in WisdomTree during the first quarter valued at about $466,000. Voya Investment Management LLC boosted its position in WisdomTree by 8.9% during the first quarter. Voya Investment Management LLC now owns 497,432 shares of the company’s stock valued at $4,437,000 after purchasing an additional 40,485 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in WisdomTree during the first quarter valued at about $197,000. Institutional investors own 78.64% of the company’s stock.

WisdomTree Stock Performance

WT stock opened at $12.00 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 0.82. The business’s fifty day simple moving average is $13.42 and its two-hundred day simple moving average is $11.85. WisdomTree has a twelve month low of $7.47 and a twelve month high of $14.95. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 30.76 and a beta of 1.13.

WisdomTree (NYSE:WT – Get Free Report) last released its earnings results on Friday, October 31st. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. WisdomTree had a return on equity of 25.17% and a net margin of 16.25%.The business had revenue of $125.60 million for the quarter, compared to analyst estimates of $122.00 million. During the same quarter last year, the firm posted $0.18 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. Analysts predict that WisdomTree will post 0.72 earnings per share for the current year.

WisdomTree Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.0%. WisdomTree’s dividend payout ratio is presently 30.77%.

About WisdomTree

(Get Free Report)

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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