Brokerages Set WisdomTree, Inc. (NYSE:WT) Target Price at $17.25
by Kim Johansen · The Markets DailyWisdomTree, Inc. (NYSE:WT – Get Free Report) has received an average rating of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat reports. Three equities 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 updated their coverage on the stock in the last year is $17.65.
A number of equities research analysts have recently weighed in on WT shares. Oppenheimer raised their price target on shares of WisdomTree from $17.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. The Goldman Sachs Group increased their price objective on shares of WisdomTree from $14.00 to $15.50 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Zacks Research lowered shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Morgan Stanley set a $16.75 price target on shares of WisdomTree in a report on Tuesday. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of WisdomTree in a research note on Wednesday, January 21st.
Check Out Our Latest Report on WisdomTree
Insider Activity at WisdomTree
In other WisdomTree news, COO R Jarrett Lilien sold 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $11.01, for a total transaction of $137,625.00. Following the sale, the chief operating officer directly owned 998,638 shares of the company’s stock, valued at $10,995,004.38. The trade was a 1.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David M. Yates sold 6,820 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $11.12, for a total transaction of $75,838.40. Following the transaction, the insider directly owned 152,123 shares of the company’s stock, valued at $1,691,607.76. The trade was a 4.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 9.30% of the stock is owned by company insiders.
Institutional Investors Weigh In On WisdomTree
A number of institutional investors have recently made changes to their positions in WT. Caitong International Asset Management Co. Ltd raised its position in shares of WisdomTree by 163.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company’s stock worth $30,000 after acquiring an additional 1,521 shares during the last quarter. Quarry LP increased its position in WisdomTree by 1,679.0% during the 3rd quarter. Quarry LP now owns 2,206 shares of the company’s stock valued at $31,000 after purchasing an additional 2,082 shares during the period. Quattro Advisors LLC acquired a new stake in WisdomTree during the 4th quarter valued at approximately $31,000. First Horizon Corp bought a new position in WisdomTree during the 3rd quarter worth approximately $32,000. Finally, Flagship Harbor Advisors LLC acquired a new position in shares of WisdomTree in the 4th quarter worth approximately $36,000. Institutional investors own 78.64% of the company’s stock.
WisdomTree Trading Up 0.2%
Shares of WT stock opened at $16.37 on Friday. WisdomTree has a fifty-two week low of $7.47 and a fifty-two week high of $17.09. The stock’s fifty day moving average price is $14.03 and its two-hundred day moving average price is $13.23. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.37 and a current ratio of 1.75. The company has a market cap of $2.30 billion, a PE ratio of 21.82 and a beta of 1.09.
WisdomTree (NYSE:WT – Get Free Report) last announced its quarterly earnings data on Friday, January 30th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.06. The business had revenue of $147.40 million during the quarter, compared to the consensus estimate of $142.78 million. WisdomTree had a return on equity of 30.24% and a net margin of 22.10%.WisdomTree’s revenue for the quarter was up 33.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.17 EPS. Equities analysts predict that WisdomTree will post 0.72 EPS for the current fiscal year.
WisdomTree Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $0.12 annualized dividend and a dividend yield of 0.7%. WisdomTree’s dividend payout ratio is currently 16.00%.
About WisdomTree
WisdomTree Investments, Inc (NYSE: WT) is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.
WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.
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