Northland Capmk Increases Earnings Estimates for WisdomTree

WisdomTree, Inc. (NYSE:WT - Free Report) - Research analysts at Northland Capmk raised their FY2024 earnings per share estimates for shares of WisdomTree in a research report issued on Monday, October 28th. Northland Capmk analyst M. Grondahl now expects that the company will earn $0.65 per share for the year, up from their previous estimate of $0.63. The consensus estimate for WisdomTree's current full-year earnings is $0.62 per share.

WisdomTree (NYSE:WT - Get Free Report) last released its quarterly earnings data on Friday, July 26th. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. WisdomTree had a net margin of 19.72% and a return on equity of 19.22%. The business had revenue of $107.03 million during the quarter, compared to analysts' expectations of $103.75 million.

A number of other equities analysts have also recently issued reports on WT. Northland Securities increased their target price on WisdomTree from $12.00 to $13.50 and gave the stock an "outperform" rating in a report on Monday, July 29th. Northcoast Research cut WisdomTree from a "strong-buy" rating to a "hold" rating in a report on Sunday, September 15th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $12.00 price objective (up from $11.00) on shares of WisdomTree in a research note on Monday, July 29th. Craig Hallum increased their price objective on shares of WisdomTree from $12.00 to $15.00 and gave the stock a "buy" rating in a research note on Monday, July 29th. Finally, Oppenheimer increased their price objective on shares of WisdomTree from $12.00 to $13.00 and gave the stock an "outperform" rating in a research note on Monday, July 29th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $12.25.

WisdomTree Trading Down 0.3 %

Shares of WT traded down $0.03 during trading hours on Tuesday, reaching $10.41. The stock had a trading volume of 1,555,919 shares, compared to its average volume of 1,283,592. The company has a quick ratio of 2.18, a current ratio of 3.01 and a debt-to-equity ratio of 0.62. WisdomTree has a 52 week low of $6.14 and a 52 week high of $12.02. The firm has a 50-day moving average of $9.98 and a 200 day moving average of $9.88. The company has a market cap of $1.58 billion, a P/E ratio of 15.31 and a beta of 1.43.

Institutional Investors Weigh In On WisdomTree

Several hedge funds have recently bought and sold shares of WT. CWM LLC increased its holdings in shares of WisdomTree by 85.8% during the second quarter. CWM LLC now owns 2,746 shares of the company's stock worth $27,000 after purchasing an additional 1,268 shares during the period. Headlands Technologies LLC bought a new position in WisdomTree in the second quarter valued at approximately $27,000. Gladius Capital Management LP bought a new position in WisdomTree in the second quarter valued at approximately $32,000. GAMMA Investing LLC increased its stake in WisdomTree by 76.8% in the third quarter. GAMMA Investing LLC now owns 4,054 shares of the company's stock valued at $40,000 after acquiring an additional 1,761 shares during the last quarter. Finally, Bayesian Capital Management LP bought a new position in WisdomTree in the first quarter valued at approximately $105,000. 78.64% of the stock is currently owned by institutional investors and hedge funds.

WisdomTree Announces Dividend

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 given a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.12 annualized dividend and a yield of 1.15%. WisdomTree's dividend payout ratio (DPR) is presently 17.65%.

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.