WisdomTree, Inc. (NYSE:WT) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of WisdomTree, Inc. (NYSE:WT) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $12.54.

WT has been the topic of several research reports. Keefe, Bruyette & Woods dropped their price target on WisdomTree from $12.00 to $10.50 and set a “market perform” rating on the stock in a research report on Tuesday, January 14th. Northcoast Research downgraded shares of WisdomTree from a “buy” rating to a “neutral” rating in a research report on Thursday, January 2nd.

Insiders Place Their Bets

In other news, insider Alexis Marinof sold 90,980 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $9.87, for a total transaction of $897,972.60. Following the transaction, the insider now directly owns 221,146 shares of the company’s stock, valued at $2,182,711.02. This represents a 29.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Etfs Capital Limited. sold 3,000,000 shares of WisdomTree stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $11.34, for a total value of $34,020,000.00. Following the completion of the sale, the insider now owns 12,250,000 shares of the company’s stock, valued at $138,915,000. The trade was a 19.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On WisdomTree

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

WisdomTree Stock Down 0.6 %

Shares of WisdomTree stock opened at $9.11 on Friday. The company has a current ratio of 2.92, a quick ratio of 2.13 and a debt-to-equity ratio of 1.28. WisdomTree has a 12-month low of $7.79 and a 12-month high of $12.45. The company has a market cap of $1.33 billion, a P/E ratio of 29.37 and a beta of 1.47. The company’s fifty day simple moving average is $9.84 and its two-hundred day simple moving average is $10.26.

WisdomTree (NYSE:WT) last released its quarterly earnings results on Friday, January 31st. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. Research analysts anticipate that WisdomTree will post 0.72 EPS for the current year.

WisdomTree Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.32%. The ex-dividend date was Wednesday, February 12th. WisdomTree’s dividend payout ratio (DPR) is 38.71%.

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.