Brokerages Set WisdomTree, Inc. (NYSE:WT) Target Price at $12.42

WisdomTree, Inc. (NYSE:WT) has been assigned an average rating of “Hold” from the seven analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $12.42.

WT has been the subject of several analyst reports. The Goldman Sachs Group decreased their target price on WisdomTree from $9.75 to $8.50 and set a “sell” rating for the company in a research report on Monday, April 14th. Keefe, Bruyette & Woods lowered their target price on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating for the company in a research note on Tuesday, January 14th.

Institutional Investors Weigh In On WisdomTree

Several institutional investors have recently added to or reduced their stakes in the stock. Quarry LP raised its stake in shares of WisdomTree by 1,778.5% in the 4th quarter. Quarry LP now owns 2,799 shares of the company’s stock valued at $29,000 after purchasing an additional 2,650 shares during the period. Byrne Asset Management LLC lifted its position in WisdomTree by 114.0% during the 1st quarter. Byrne Asset Management LLC now owns 3,852 shares of the company’s stock worth $34,000 after buying an additional 2,052 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of WisdomTree by 173.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company’s stock worth $39,000 after buying an additional 2,405 shares during the last quarter. Versant Capital Management Inc increased its position in shares of WisdomTree by 310.5% in the first quarter. Versant Capital Management Inc now owns 5,263 shares of the company’s stock valued at $47,000 after acquiring an additional 3,981 shares during the last quarter. Finally, Federated Hermes Inc. raised its holdings in WisdomTree by 60.7% during the fourth quarter. Federated Hermes Inc. now owns 4,705 shares of the company’s stock worth $49,000 after acquiring an additional 1,777 shares in the last quarter. 78.64% of the stock is owned by institutional investors.

WisdomTree Price Performance

Shares of WT stock opened at $9.43 on Thursday. 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 has a 12 month low of $7.47 and a 12 month high of $12.45. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 30.42 and a beta of 1.07. The stock has a 50-day moving average price of $8.62 and a 200 day moving average price of $9.77.

WisdomTree (NYSE:WT) last posted its quarterly earnings results on Friday, May 2nd. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. The business had revenue of $108.08 million during the quarter, compared to the consensus estimate of $108.47 million. During the same period in the previous year, the firm posted $0.12 earnings per share. WisdomTree’s revenue for the quarter was up 11.7% compared to the same quarter last year. Research analysts expect that WisdomTree will post 0.72 EPS for the current year.

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.03 per share. The ex-dividend date is Wednesday, May 14th. This represents a $0.12 annualized dividend and a yield of 1.27%. WisdomTree’s dividend payout ratio (DPR) is currently 34.29%.

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.