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

Shares of WisdomTree, Inc. (NYSE:WT) have received a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat reports. Four investment 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 analysts that have updated their coverage on the stock in the last year is $18.4667.

Several analysts have recently weighed in on the company. Zacks Research cut WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. The Goldman Sachs Group reiterated a “neutral” rating and issued a $16.80 price objective on shares of WisdomTree in a report on Tuesday, May 5th. Morgan Stanley set a $18.00 target price on shares of WisdomTree in a research report on Thursday, April 30th. Raymond James Financial assumed coverage on shares of WisdomTree in a report on Tuesday, April 21st. They set an “outperform” rating and a $20.00 target price on the stock. Finally, Wall Street Zen raised shares of WisdomTree from a “hold” rating to a “buy” rating in a research note on Tuesday.

Insider Buying and Selling at WisdomTree

In other WisdomTree news, COO R Jarrett Lilien sold 30,000 shares of the company’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $16.84, for a total value of $505,200.00. Following the sale, the chief operating officer owned 1,140,245 shares in the company, valued at approximately $19,201,725.80. The trade was a 2.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider David M. Yates sold 15,000 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $18.06, for a total value of $270,900.00. Following the completion of 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 position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 75,000 shares of company stock valued at $1,345,800. 10.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On WisdomTree

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its holdings in WisdomTree by 556.4% in the first quarter. Bank of America Corp DE now owns 2,327,389 shares of the company’s stock valued at $33,887,000 after acquiring an additional 1,972,847 shares during the last quarter. Amundi raised its holdings in WisdomTree by 9.0% during the 1st quarter. Amundi now owns 20,300 shares of the company’s stock worth $296,000 after purchasing an additional 1,680 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of WisdomTree by 25.8% in the 1st quarter. California State Teachers Retirement System now owns 158,271 shares of the company’s stock worth $2,304,000 after purchasing an additional 32,495 shares during the period. Maverick Capital Ltd. acquired a new position in shares of WisdomTree in the 1st quarter worth approximately $621,000. Finally, Quantinno Capital Management LP boosted its stake in shares of WisdomTree by 178.9% in the 1st quarter. Quantinno Capital Management LP now owns 163,727 shares of the company’s stock valued at $2,384,000 after purchasing an additional 105,023 shares during the last quarter. 78.64% of the stock is owned by institutional investors and hedge funds.

WisdomTree Trading Down 0.5%

NYSE WT opened at $19.08 on Monday. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 46.54 and a beta of 1.13. WisdomTree has a twelve month low of $9.24 and a twelve month high of $19.85. The company has a quick ratio of 4.18, a current ratio of 4.57 and a debt-to-equity ratio of 2.37. The business’s fifty day moving average is $16.54 and its 200 day moving average is $14.78.

WisdomTree (NYSE:WT) last issued its earnings results on Friday, May 1st. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $159.50 million during the quarter, compared to analysts’ expectations of $156.96 million. WisdomTree had a return on equity of 33.31% and a net margin of 11.26%.The business’s revenue for the quarter was up 47.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.16 EPS. As a group, sell-side analysts expect that WisdomTree will post 1.13 EPS for the current fiscal year.

WisdomTree Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Wednesday, May 13th. WisdomTree’s dividend payout ratio is presently 29.27%.

About WisdomTree

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.