WisdomTree, Inc. (NYSE:WT) Receives $12.54 Average Target Price from Analysts

Shares of WisdomTree, Inc. (NYSE:WT) have received an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $12.54.

A number of research analysts have recently issued reports on WT shares. Northcoast Research downgraded shares of WisdomTree from a “buy” rating to a “neutral” rating in a research report on Thursday, January 2nd. Keefe, Bruyette & Woods cut their price objective on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating on the stock in a research report on Tuesday, January 14th.

WisdomTree Trading Down 1.2 %

WT stock opened at $8.68 on Wednesday. The company has a market capitalization of $1.28 billion, a PE ratio of 27.98 and a beta of 1.53. WisdomTree has a 12 month low of $7.96 and a 12 month high of $12.45. The firm’s 50-day moving average is $9.30 and its 200 day moving average is $10.10. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.92 and a quick ratio of 2.13.

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

WisdomTree Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a $0.03 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.12 dividend on an annualized basis and a yield of 1.38%. WisdomTree’s payout ratio is currently 38.71%.

Insider Buying and Selling at WisdomTree

In other 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 of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. 7.80% of the stock is currently owned by corporate insiders.

Institutional Trading of WisdomTree

Large investors have recently made changes to their positions in the company. Mackenzie Financial Corp increased its stake in WisdomTree by 266.6% in the fourth quarter. Mackenzie Financial Corp now owns 77,764 shares of the company’s stock valued at $817,000 after purchasing an additional 56,552 shares during the last quarter. PharVision Advisers LLC purchased a new position in WisdomTree in the fourth quarter valued at approximately $124,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in WisdomTree by 7.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 444,588 shares of the company’s stock valued at $4,668,000 after purchasing an additional 32,509 shares during the last quarter. Voloridge Investment Management LLC increased its stake in WisdomTree by 25.6% in the fourth quarter. Voloridge Investment Management LLC now owns 1,194,288 shares of the company’s stock valued at $12,540,000 after purchasing an additional 243,589 shares during the last quarter. Finally, Squarepoint Ops LLC increased its stake in WisdomTree by 105.0% in the fourth quarter. Squarepoint Ops LLC now owns 617,476 shares of the company’s stock valued at $6,483,000 after purchasing an additional 316,223 shares during the last quarter. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

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.