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

WisdomTree, Inc. (NYSE:WT) has been given an average recommendation of “Moderate Buy” by the seven analysts that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $12.54.

Several equities analysts recently commented on the company. Keefe, Bruyette & Woods dropped their target price on WisdomTree from $12.00 to $10.50 and set a “market perform” rating on the stock in a report on Tuesday, January 14th. Northcoast Research lowered WisdomTree from a “buy” rating to a “neutral” rating in a report on Thursday, January 2nd.

Insider Transactions at WisdomTree

In related news, insider Alexis Marinof sold 90,980 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $9.87, for a total transaction of $897,972.60. Following the sale, the insider now owns 221,146 shares in the company, valued at $2,182,711.02. This represents a 29.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Etfs Capital Limited. sold 3,000,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $11.34, for a total transaction of $34,020,000.00. Following the completion of the sale, the insider now owns 12,250,000 shares in the company, valued at $138,915,000. The trade was a 19.67 % decrease in their position. The disclosure for this sale can be found here. Insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. FMR LLC boosted its holdings in WisdomTree by 390.7% during the third quarter. FMR LLC now owns 2,859,073 shares of the company’s stock worth $28,562,000 after buying an additional 2,276,452 shares in the last quarter. Millennium Management LLC boosted its holdings in WisdomTree by 532.6% during the fourth quarter. Millennium Management LLC now owns 2,031,534 shares of the company’s stock worth $21,331,000 after buying an additional 1,710,409 shares in the last quarter. Azora Capital LP boosted its holdings in WisdomTree by 12.1% during the third quarter. Azora Capital LP now owns 10,609,577 shares of the company’s stock worth $105,990,000 after buying an additional 1,142,151 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in WisdomTree by 139.9% in the 4th quarter. Nuveen Asset Management LLC now owns 1,270,963 shares of the company’s stock worth $13,345,000 after purchasing an additional 741,134 shares during the period. Finally, ExodusPoint Capital Management LP boosted its stake in WisdomTree by 127.2% in the 4th quarter. ExodusPoint Capital Management LP now owns 1,162,993 shares of the company’s stock worth $12,211,000 after purchasing an additional 651,121 shares during the period. Institutional investors and hedge funds own 78.64% of the company’s stock.

WisdomTree Stock Down 0.7 %

Shares of NYSE WT opened at $9.28 on Friday. The stock has a market cap of $1.36 billion, a P/E ratio of 29.92 and a beta of 1.47. 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 $7.28 and a 12-month high of $12.45. The business’s fifty day simple moving average is $9.95 and its 200-day simple moving average is $10.27.

WisdomTree (NYSE:WT) last announced its quarterly earnings data on Friday, January 31st. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.02). WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. As a group, equities analysts predict that WisdomTree will post 0.72 EPS for the current fiscal year.

WisdomTree Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be paid a dividend of $0.03 per share. The ex-dividend date is Wednesday, February 12th. This represents a $0.12 annualized dividend and a dividend yield of 1.29%. WisdomTree’s dividend payout ratio is presently 38.71%.

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.