WisdomTree, Inc. (NYSE:WT) Given Consensus Recommendation of “Hold” by Brokerages

WisdomTree, Inc. (NYSE:WT) has received a consensus rating of “Hold” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $12.42.

Separately, The Goldman Sachs Group cut their price target on shares of WisdomTree from $9.75 to $8.50 and set a “sell” rating for the company in a report on Monday, April 14th.

Institutional Trading of WisdomTree

A number of institutional investors have recently made changes to their positions in WT. Sheaff Brock Investment Advisors LLC boosted its position in WisdomTree by 2.8% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 42,908 shares of the company’s stock worth $383,000 after acquiring an additional 1,155 shares during the last quarter. Navellier & Associates Inc. grew its stake in WisdomTree by 11.4% during the 4th quarter. Navellier & Associates Inc. now owns 15,226 shares of the company’s stock valued at $160,000 after acquiring an additional 1,556 shares in the last quarter. Federated Hermes Inc. grew its stake in WisdomTree by 60.7% during 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. EntryPoint Capital LLC raised its holdings in WisdomTree by 6.7% in the 4th quarter. EntryPoint Capital LLC now owns 29,622 shares of the company’s stock valued at $311,000 after acquiring an additional 1,870 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in WisdomTree by 11.6% in the 4th quarter. Bank of Montreal Can now owns 18,702 shares of the company’s stock worth $196,000 after purchasing an additional 1,951 shares in the last quarter. 78.64% of the stock is owned by institutional investors and hedge funds.

WisdomTree Stock Performance

NYSE WT opened at $9.45 on Monday. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 30.48 and a beta of 1.07. The stock has a 50-day moving average of $8.89 and a 200 day moving average of $9.65. 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 twelve month low of $7.47 and a twelve month high of $12.45.

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

WisdomTree Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were given a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.12 annualized dividend and a dividend yield of 1.27%. WisdomTree’s dividend payout ratio (DPR) is presently 34.29%.

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.