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

Shares of WisdomTree, Inc. (NYSE:WT) have received an average rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat 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 12-month price target among brokers that have issued ratings on the stock in the last year is $12.54.

A number of research analysts recently commented on WT shares. Keefe, Bruyette & Woods lowered their price objective on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating on the stock in a research report on Tuesday, January 14th. UBS Group boosted their price target on shares of WisdomTree from $12.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Northcoast Research lowered WisdomTree from a “buy” rating to a “neutral” rating in a report on Thursday, January 2nd.

WisdomTree Price Performance

Shares of NYSE:WT opened at $9.81 on Tuesday. The company’s fifty day moving average is $10.50 and its two-hundred day moving average is $10.41. The company has a market cap of $1.43 billion, a P/E ratio of 31.63 and a beta of 1.47. WisdomTree has a 12-month low of $6.67 and a 12-month high of $12.45. The company has a quick ratio of 2.13, a current ratio of 2.92 and a debt-to-equity ratio of 1.28.

WisdomTree (NYSE:WT) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. Equities analysts expect that WisdomTree will post 0.7 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be issued a dividend of $0.03 per share. The ex-dividend date is Wednesday, February 12th. This represents a $0.12 annualized dividend and a yield of 1.22%. WisdomTree’s dividend payout ratio (DPR) is currently 38.71%.

Insiders Place Their Bets

In related news, insider Peter M. Ziemba sold 100,000 shares of WisdomTree stock in a transaction on Friday, November 15th. The shares were sold at an average price of $11.43, for a total value of $1,143,000.00. Following the transaction, the insider now owns 948,386 shares in the company, valued at $10,840,051.98. This trade represents a 9.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Etfs Capital Limited. sold 3,000,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $11.34, for a total transaction of $34,020,000.00. Following the sale, the insider now owns 12,250,000 shares of the company’s stock, valued at $138,915,000. This trade represents a 19.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On WisdomTree

A number of institutional investors have recently made changes to their positions in the business. Azora Capital LP increased its position in WisdomTree by 12.1% in the 3rd quarter. Azora Capital LP now owns 10,609,577 shares of the company’s stock worth $105,990,000 after buying an additional 1,142,151 shares during the period. State Street Corp increased its position in WisdomTree by 7.6% during the third quarter. State Street Corp now owns 5,678,905 shares of the company’s stock worth $56,732,000 after acquiring an additional 399,839 shares during the period. Geode Capital Management LLC raised its stake in WisdomTree by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,914,051 shares of the company’s stock valued at $29,117,000 after purchasing an additional 93,140 shares during the last quarter. FMR LLC boosted its holdings in WisdomTree by 390.7% in the 3rd quarter. FMR LLC now owns 2,859,073 shares of the company’s stock valued at $28,562,000 after purchasing an additional 2,276,452 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in WisdomTree by 21.3% in the 3rd quarter. Victory Capital Management Inc. now owns 2,332,762 shares of the company’s stock valued at $23,304,000 after purchasing an additional 410,348 shares during the period. 78.64% of the stock is currently owned by institutional investors.

WisdomTree Company Profile

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.