Analysts Offer Predictions for WisdomTree FY2024 Earnings

WisdomTree, Inc. (NYSE:WT) – Stock analysts at Northland Capmk upped their FY2024 EPS estimates for WisdomTree in a report released on Monday, October 28th. Northland Capmk analyst M. Grondahl now anticipates that the company will earn $0.65 per share for the year, up from their previous estimate of $0.63. The consensus estimate for WisdomTree’s current full-year earnings is $0.62 per share.

Several other equities analysts have also weighed in on the stock. Northland Securities upped their price objective on shares of WisdomTree from $12.00 to $13.50 and gave the company an “outperform” rating in a report on Monday, July 29th. UBS Group upped their price objective on shares of WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Northcoast Research downgraded shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 15th. Craig Hallum upped their price objective on shares of WisdomTree from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $12.00 price objective (up from $11.00) on shares of WisdomTree in a research report on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $12.25.

WisdomTree Price Performance

Shares of NYSE WT opened at $10.41 on Tuesday. The firm’s 50-day moving average price is $9.98 and its 200-day moving average price is $9.88. WisdomTree has a 1-year low of $6.14 and a 1-year high of $12.02. The firm has a market capitalization of $1.58 billion, a P/E ratio of 15.31 and a beta of 1.43. The company has a current ratio of 3.01, a quick ratio of 2.18 and a debt-to-equity ratio of 0.62.

Institutional Investors Weigh In On WisdomTree

Large investors have recently modified their holdings of the stock. CWM LLC lifted its position in WisdomTree by 85.8% during the 2nd quarter. CWM LLC now owns 2,746 shares of the company’s stock valued at $27,000 after acquiring an additional 1,268 shares during the period. Headlands Technologies LLC purchased a new position in WisdomTree during the 2nd quarter valued at about $27,000. Gladius Capital Management LP purchased a new position in WisdomTree during the 2nd quarter valued at about $32,000. GAMMA Investing LLC lifted its position in WisdomTree by 76.8% during the 3rd quarter. GAMMA Investing LLC now owns 4,054 shares of the company’s stock valued at $40,000 after acquiring an additional 1,761 shares during the period. Finally, Bayesian Capital Management LP purchased a new position in WisdomTree in the first quarter worth about $105,000. Institutional investors own 78.64% of the company’s stock.

WisdomTree Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Wednesday, November 6th. WisdomTree’s dividend payout ratio (DPR) is presently 17.65%.

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.