WisdomTree, Inc. (NYSE:WT) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of WisdomTree, Inc. (NYSE:WT - Get Free Report) have received an average rating of "Moderate Buy" from the seven research firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $11.96.

A number of research analysts recently weighed in on WT shares. Northcoast Research lowered shares of WisdomTree from a "strong-buy" rating to a "hold" rating in a research report on Sunday, September 15th. Oppenheimer boosted their target price on WisdomTree from $12.00 to $13.00 and gave the stock an "outperform" rating in a research note on Monday, July 29th. Craig Hallum increased their price target on WisdomTree from $12.00 to $15.00 and gave the company a "buy" rating in a research report on Monday, July 29th. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $12.00 price target (up from $11.00) on shares of WisdomTree in a report on Monday, July 29th. Finally, Northland Securities upped their price objective on WisdomTree from $12.00 to $13.50 and gave the company an "outperform" rating in a research note on Monday, July 29th.

WisdomTree Stock Up 0.6 %

Shares of WT stock traded up $0.06 during trading hours on Friday, reaching $10.39. The company had a trading volume of 1,507,165 shares, compared to its average volume of 1,265,924. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 15.28 and a beta of 1.43. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.01 and a quick ratio of 2.18. WisdomTree has a 12 month low of $6.06 and a 12 month high of $12.02. The business has a fifty day simple moving average of $9.91 and a 200-day simple moving average of $9.83.

WisdomTree (NYSE:WT - Get Free Report) last issued its quarterly earnings data on Friday, July 26th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $107.03 million for the quarter, compared to analysts' expectations of $103.75 million. WisdomTree had a return on equity of 19.22% and a net margin of 19.72%. On average, research analysts expect that WisdomTree will post 0.62 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Wednesday, August 7th. WisdomTree's dividend payout ratio is currently 17.65%.

Institutional Investors Weigh In On WisdomTree

Several large investors have recently added to or reduced their stakes in the company. CWM LLC raised its holdings in WisdomTree by 85.8% during the 2nd quarter. CWM LLC now owns 2,746 shares of the company's stock valued at $27,000 after acquiring an additional 1,268 shares during the period. Headlands Technologies LLC bought a new stake in shares of WisdomTree during the 2nd quarter valued at $27,000. Gladius Capital Management LP purchased a new stake in WisdomTree during the 2nd quarter worth about $32,000. GAMMA Investing LLC boosted its stake in WisdomTree by 76.8% in the 3rd quarter. GAMMA Investing LLC now owns 4,054 shares of the company's stock worth $40,000 after purchasing an additional 1,761 shares during the period. Finally, Bayesian Capital Management LP bought a new position in WisdomTree in the 1st quarter worth about $105,000. Hedge funds and other institutional investors own 78.64% of the company's stock.

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.