WisdomTree (NYSE:WT) Sets New 1-Year High at $9.75

WisdomTree, Inc. (NYSE:WT)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $9.75 and last traded at $9.73, with a volume of 20235 shares traded. The stock had previously closed at $9.72.

Wall Street Analysts Forecast Growth

WT has been the topic of a number of research analyst reports. Morgan Stanley raised their price objective on shares of WisdomTree from $7.75 to $9.25 and gave the stock an “equal weight” rating in a report on Wednesday, April 17th. UBS Group raised their target price on shares of WisdomTree from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Craig Hallum assumed coverage on shares of WisdomTree in a research report on Wednesday, March 6th. They issued a “buy” rating and a $12.00 target price for the company. Northland Securities raised shares of WisdomTree from a “market perform” rating to an “outperform” rating and set a $12.00 target price for the company in a research report on Wednesday, April 3rd. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $11.00 target price on shares of WisdomTree in a research report on Monday, April 29th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, WisdomTree currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.88.

WisdomTree Stock Performance

The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 14.41 and a beta of 1.48. The stock’s 50 day moving average is $9.13 and its 200 day moving average is $7.77. The company has a current ratio of 2.95, a quick ratio of 2.18 and a debt-to-equity ratio of 0.65.

WisdomTree (NYSE:WT) last posted its quarterly earnings data on Friday, April 26th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. WisdomTree had a net margin of 29.80% and a return on equity of 16.31%. The firm had revenue of $96.84 million during the quarter, compared to the consensus estimate of $94.32 million. During the same quarter in the previous year, the firm posted $0.07 EPS. The business’s revenue for the quarter was up 18.0% compared to the same quarter last year. Analysts anticipate that WisdomTree, Inc. will post 0.56 earnings per share for the current year.

WisdomTree Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Tuesday, May 7th. WisdomTree’s dividend payout ratio (DPR) is presently 17.65%.

Hedge Funds Weigh In On WisdomTree

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP bought a new position in WisdomTree in the 3rd quarter valued at approximately $26,291,000. Vanguard Group Inc. bought a new position in WisdomTree in the 3rd quarter valued at approximately $103,908,000. Nordea Investment Management AB bought a new position in WisdomTree in the 3rd quarter valued at approximately $3,096,000. Charles Schwab Investment Management Inc. acquired a new position in WisdomTree in the 3rd quarter valued at approximately $7,091,000. Finally, Swiss National Bank acquired a new position in WisdomTree in the 3rd quarter valued at approximately $1,723,000. 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.