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

Shares of WisdomTree, Inc. (NYSE:WT) have been assigned a consensus rating of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $12.25.

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

WisdomTree Trading Up 0.9 %

Shares of WT opened at $10.47 on Friday. WisdomTree has a fifty-two week low of $6.06 and a fifty-two week high of $12.02. The company has a market capitalization of $1.59 billion, a PE ratio of 21.37 and a beta of 1.43. The stock has a fifty day moving average of $9.96 and a two-hundred day moving average of $9.86. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.18 and a current ratio of 3.01.

WisdomTree (NYSE:WT) last released its earnings results on Friday, October 25th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. WisdomTree had a return on equity of 19.22% and a net margin of 19.72%. The firm had revenue of $113.17 million during the quarter, compared to analyst estimates of $110.80 million. As a group, analysts forecast that WisdomTree will post 0.62 EPS for the current year.

WisdomTree Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Wednesday, November 6th. WisdomTree’s dividend payout ratio is presently 24.49%.

Institutional Investors Weigh In On WisdomTree

Large investors have recently modified their holdings of the stock. State of Alaska Department of Revenue lifted its position in WisdomTree by 3.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 67,924 shares of the company’s stock worth $678,000 after acquiring an additional 2,379 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of WisdomTree by 2.3% during the third quarter. Louisiana State Employees Retirement System now owns 57,500 shares of the company’s stock valued at $574,000 after purchasing an additional 1,300 shares during the period. Impact Partnership Wealth LLC lifted its position in shares of WisdomTree by 3.3% during the third quarter. Impact Partnership Wealth LLC now owns 34,467 shares of the company’s stock worth $344,000 after purchasing an additional 1,108 shares in the last quarter. JGP Wealth Management LLC acquired a new position in shares of WisdomTree during the third quarter worth $118,000. Finally, Tobam boosted its stake in shares of WisdomTree by 29.5% in the third quarter. Tobam now owns 23,705 shares of the company’s stock valued at $237,000 after purchasing an additional 5,397 shares during the period. Institutional investors and hedge funds own 78.64% of the company’s stock.

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.