WisdomTree, Inc. (NYSE:WT) Stock Has Consensus Target Price of $23.66 According to Brokerages

WisdomTree, Inc. (NYSE:WT – Get Free Report) has earned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $24.86.

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group lifted their price target on shares of WisdomTree from $16.40 to $18.30 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. Oppenheimer raised their price objective on WisdomTree from $22.00 to $27.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 26th. Morgan Stanley lifted their price objective on WisdomTree from $21.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday. Zacks Research downgraded WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Finally, Weiss Ratings raised WisdomTree from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, September 16th.

Get Our Latest Research Report on WisdomTree

WisdomTree Stock Up 1.5%

WT opened at $24.35 on Friday. WisdomTree has a fifty-two week low of $10.69 and a fifty-two week high of $25.91. The company has a debt-to-equity ratio of 2.53, a quick ratio of 2.73 and a current ratio of 3.00. The company has a market capitalization of $3.69 billion, a P/E ratio of 46.83 and a beta of 1.20. The stock has a fifty day moving average of $22.57 and a 200-day moving average of $19.17.

WisdomTree (NYSE:WT – Get Free Report) last announced its earnings results on Friday, July 31st. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. WisdomTree had a net margin of 13.27% and a return on equity of 39.12%. The company had revenue of $177.16 million during the quarter, compared to analysts’ expectations of $170.62 million. During the same quarter in the previous year, the business posted $0.18 earnings per share. WisdomTree’s quarterly revenue was up 57.3% on a year-over-year basis. On average, equities analysts expect that WisdomTree will post 1.19 EPS for the current year.

WisdomTree Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, August 12th. WisdomTree’s dividend payout ratio (DPR) is currently 23.08%.

Insider Buying and Selling at WisdomTree

In other news, COO R. Jarrett Lilien sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $24.56, for a total transaction of $736,800.00. Following the completion of the sale, the chief operating officer owned 1,080,245 shares of the company’s stock, valued at approximately $26,530,817.20. This represents a 2.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 10.10% of the company’s stock.

Hedge Funds Weigh In On WisdomTree

Several hedge funds and other institutional investors have recently modified their holdings of WT. Nykredit A S acquired a new stake in shares of WisdomTree in the 2nd quarter valued at approximately $27,000. Team Financial Group LLC acquired a new stake in WisdomTree in the first quarter valued at approximately $29,000. Hantz Financial Services Inc. boosted its position in WisdomTree by 84.1% in the fourth quarter. Hantz Financial Services Inc. now owns 2,929 shares of the company’s stock valued at $36,000 after buying an additional 1,338 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of WisdomTree by 216.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,950 shares of the company’s stock worth $36,000 after buying an additional 2,017 shares during the last quarter. Finally, Transamerica Financial Advisors LLC bought a new stake in shares of WisdomTree during the second quarter worth $36,000. Institutional investors own 78.64% of the company’s stock.

WisdomTree Company Profile

(Get Free Report)

WisdomTree, Inc is a financial services company that operates as an exchange-traded fund (ETF) and exchange-traded product sponsor and asset manager. The company develops and manages investment strategies designed to provide exposure to equities, fixed income, currencies, commodities, alternatives and other asset classes.

Its product offerings include dividend-focused, growth and value ETFs, actively managed funds, currency and commodity products, and funds focused on environmental, social and governance themes.

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Analyst Recommendations for WisdomTree (NYSE:WT)

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