WisdomTree (NYSE:WT) Sets New 1-Year High – Here’s Why

WisdomTree, Inc. (NYSE:WT)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $19.85 and last traded at $19.5640, with a volume of 166901 shares traded. The stock had previously closed at $19.41.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Northland Securities set a $20.00 price objective on WisdomTree in a report on Monday, February 2nd. Morgan Stanley set a $18.00 target price on shares of WisdomTree in a report on Thursday, April 30th. Zacks Research cut shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. Wall Street Zen upgraded shares of WisdomTree from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Oppenheimer increased their target price on shares of WisdomTree from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, WisdomTree presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.47.

WisdomTree Stock Performance

The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 45.65 and a beta of 1.13. The stock has a 50-day moving average price of $16.36 and a 200-day moving average price of $14.64. The company has a debt-to-equity ratio of 2.37, a current ratio of 4.57 and a quick ratio of 4.18.

WisdomTree (NYSE:WT) last released its quarterly earnings data on Friday, May 1st. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. WisdomTree had a return on equity of 33.31% and a net margin of 11.26%.The company had revenue of $159.50 million during the quarter, compared to analysts’ expectations of $156.96 million. During the same period last year, the firm posted $0.16 earnings per share. The business’s revenue was up 47.5% on a year-over-year basis. As a group, analysts forecast that WisdomTree, Inc. will post 1.13 earnings per share for the current year.

WisdomTree Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, May 13th. WisdomTree’s dividend payout ratio (DPR) is presently 29.27%.

Insider Activity at WisdomTree

In related news, COO R Jarrett Lilien sold 30,000 shares of WisdomTree stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $16.84, for a total transaction of $505,200.00. Following the completion of the sale, the chief operating officer directly owned 1,140,245 shares of the company’s stock, valued at approximately $19,201,725.80. This trade represents a 2.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider David M. Yates sold 15,000 shares of WisdomTree stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $18.06, for a total value of $270,900.00. Following the sale, the insider directly owned 157,499 shares of the company’s stock, valued at approximately $2,844,431.94. The trade was a 8.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 10.10% of the company’s stock.

Hedge Funds Weigh In On WisdomTree

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its stake in WisdomTree by 556.4% during the 1st quarter. Bank of America Corp DE now owns 2,327,389 shares of the company’s stock worth $33,887,000 after acquiring an additional 1,972,847 shares during the period. Amundi increased its stake in WisdomTree by 9.0% during the 1st quarter. Amundi now owns 20,300 shares of the company’s stock worth $296,000 after acquiring an additional 1,680 shares during the period. California State Teachers Retirement System increased its stake in WisdomTree by 25.8% during the 1st quarter. California State Teachers Retirement System now owns 158,271 shares of the company’s stock worth $2,304,000 after acquiring an additional 32,495 shares during the period. Maverick Capital Ltd. bought a new position in WisdomTree during the 1st quarter worth $621,000. Finally, Quantinno Capital Management LP increased its stake in WisdomTree by 178.9% during the 1st quarter. Quantinno Capital Management LP now owns 163,727 shares of the company’s stock worth $2,384,000 after acquiring an additional 105,023 shares during the period. 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.