WisdomTree, Inc. (NYSE:WT) Given Average Recommendation of “Moderate Buy” by Brokerages

WisdomTree, Inc. (NYSE:WT) has been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $12.54.

Several research analysts have recently commented on WT shares. Northcoast Research downgraded WisdomTree from a “buy” rating to a “neutral” rating in a research note on Thursday, January 2nd. Keefe, Bruyette & Woods reduced their target price on WisdomTree from $12.00 to $10.50 and set a “market perform” rating for the company in a research note on Tuesday, January 14th.

Insider Activity at WisdomTree

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

Hedge Funds Weigh In On WisdomTree

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP raised its holdings in 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 acquiring an additional 2,650 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in WisdomTree by 173.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company’s stock valued at $39,000 after acquiring an additional 2,405 shares in the last quarter. Federated Hermes Inc. raised its holdings in WisdomTree by 60.7% in the 4th quarter. Federated Hermes Inc. now owns 4,705 shares of the company’s stock valued at $49,000 after acquiring an additional 1,777 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in WisdomTree in the 4th quarter valued at $60,000. Finally, KBC Group NV raised its holdings in shares of WisdomTree by 48.4% during the 4th quarter. KBC Group NV now owns 7,792 shares of the company’s stock worth $82,000 after buying an additional 2,540 shares in the last quarter. 78.64% of the stock is owned by institutional investors and hedge funds.

WisdomTree Stock Up 1.8 %

NYSE:WT opened at $9.09 on Friday. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 29.32 and a beta of 1.47. WisdomTree has a twelve month low of $7.94 and a twelve month high of $12.45. The stock’s 50 day moving average price is $9.78 and its two-hundred day moving average price is $10.25. 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 (NYSE:WT) last issued its earnings results on Friday, January 31st. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.02). WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. Equities research analysts expect that WisdomTree will post 0.72 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

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