WisdomTree (NYSE:WT) Hits New 12-Month High at $10.33

WisdomTree, Inc. (NYSE:WT) hit a new 52-week high on Thursday . The company traded as high as $10.33 and last traded at $10.23, with a volume of 34212 shares traded. The stock had previously closed at $10.13.

Wall Street Analyst Weigh In

WT has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods boosted their price target on WisdomTree from $10.00 to $11.00 and gave the stock a “market perform” rating in a research report on Friday. Morgan Stanley boosted their price target on WisdomTree from $7.75 to $9.25 and gave the stock an “equal weight” rating in a research report on Wednesday, April 17th. Oppenheimer reissued an “outperform” rating and set a $11.00 price target on shares of WisdomTree in a research report on Monday, April 29th. UBS Group boosted their price objective on WisdomTree from $9.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Finally, Northland Securities upgraded WisdomTree from a “market perform” rating to an “outperform” rating and set a $12.00 price objective for the company in a report on Wednesday, April 3rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $10.89.

WisdomTree Trading Up 0.4 %

The company has a market cap of $1.57 billion, a P/E ratio of 15.16 and a beta of 1.48. The business has a fifty day moving average price of $9.72 and a 200-day moving average price of $8.59. The company has a quick ratio of 2.18, a current ratio of 2.95 and a debt-to-equity ratio of 0.65.

WisdomTree (NYSE:WT) last issued its quarterly earnings results on Friday, April 26th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. The business had revenue of $96.84 million during the quarter, compared to analysts’ expectations of $94.32 million. WisdomTree had a return on equity of 16.31% and a net margin of 29.80%. The firm’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.07 earnings per share. On average, analysts forecast that WisdomTree, Inc. will post 0.56 earnings per share for the current year.

WisdomTree Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Tuesday, May 7th. WisdomTree’s dividend payout ratio (DPR) is currently 17.65%.

Institutional Investors Weigh In On WisdomTree

Institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP bought a new stake in shares of WisdomTree in the third quarter valued at approximately $26,291,000. Azora Capital LP lifted its stake in WisdomTree by 3.6% during the fourth quarter. Azora Capital LP now owns 7,793,321 shares of the company’s stock worth $54,008,000 after purchasing an additional 268,277 shares during the last quarter. Vanguard Group Inc. bought a new stake in WisdomTree during the third quarter worth $103,908,000. Point72 Europe London LLP lifted its stake in WisdomTree by 18.9% during the fourth quarter. Point72 Europe London LLP now owns 516,800 shares of the company’s stock worth $3,581,000 after purchasing an additional 82,300 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in WisdomTree by 7.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,998,260 shares of the company’s stock worth $27,710,000 after purchasing an additional 294,060 shares during the last quarter. 78.64% of the stock is currently owned by institutional investors.

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.