WisdomTree (NYSE:WT) Hits New 1-Year High – What’s Next?

WisdomTree, Inc. (NYSE:WT)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $23.90 and last traded at $23.8830, with a volume of 1243412 shares trading hands. The stock had previously closed at $23.51.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on WT shares. Zacks Research cut WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Northland Securities raised their price objective on shares of WisdomTree from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. Oppenheimer lifted their target price on shares of WisdomTree from $22.00 to $27.00 and gave the stock an “outperform” rating in a research report on Wednesday. Wall Street Zen raised shares of WisdomTree from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Finally, Morgan Stanley set a $21.00 price target on shares of WisdomTree in a research report on Wednesday, July 29th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.46.

WisdomTree Price Performance

The company has a fifty day simple moving average of $20.21 and a 200 day simple moving average of $18.08. The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of 47.75 and a beta of 1.17. The company has a debt-to-equity ratio of 2.53, a quick ratio of 2.73 and a current ratio of 3.00.

WisdomTree (NYSE:WT) last issued its quarterly earnings results on Friday, July 31st. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.05. WisdomTree had a return on equity of 39.12% and a net margin of 13.27%.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 prior year, the firm posted $0.18 earnings per share. The business’s quarterly revenue was up 57.3% on a year-over-year basis. Equities research analysts forecast that WisdomTree, Inc. will post 1.18 EPS for the current fiscal year.

WisdomTree Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of WisdomTree during the second quarter worth $326,513,000. Wellington Management Group LLP raised its stake in WisdomTree by 236.5% during the third quarter. Wellington Management Group LLP now owns 9,674,630 shares of the company’s stock worth $134,477,000 after buying an additional 6,799,654 shares during the last quarter. Azora Capital LP acquired a new position in WisdomTree in the second quarter valued at $104,698,000. Capital World Investors acquired a new position in WisdomTree in the fourth quarter valued at $30,835,000. Finally, California State Teachers Retirement System boosted its position in WisdomTree by 1,433.9% during the second quarter. California State Teachers Retirement System now owns 2,427,654 shares of the company’s stock valued at $41,124,000 after acquiring an additional 2,269,383 shares during the last quarter. Institutional investors own 78.64% of the company’s stock.

WisdomTree Company Profile

WisdomTree Investments, Inc (NYSE: WT) is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.