WisdomTree (NYSE:WT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of WisdomTree (NYSE:WT) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

Other equities research analysts have also issued reports about the stock. Raymond James Financial began coverage on shares of WisdomTree in a report on Tuesday, April 21st. They set an “outperform” rating and a $20.00 price target for the company. Morgan Stanley set a $21.00 price objective on shares of WisdomTree in a report on Wednesday, July 29th. Northland Securities set a $22.00 price objective on shares of WisdomTree in a report on Tuesday, June 2nd. Zacks Research cut shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $16.80 target price on shares of WisdomTree in a research note on Tuesday, May 5th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $20.36.

WisdomTree Stock Performance

Shares of NYSE:WT opened at $20.96 on Friday. The business’s 50-day simple moving average is $18.69 and its 200 day simple moving average is $17.24. The company has a market cap of $3.21 billion, a P/E ratio of 40.31 and a beta of 1.17. The company has a debt-to-equity ratio of 2.53, a quick ratio of 2.73 and a current ratio of 3.00. WisdomTree has a one year low of $10.69 and a one year high of $21.29.

WisdomTree (NYSE:WT) last released its quarterly earnings results on Friday, July 31st. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. The firm had revenue of $177.20 million during the quarter, compared to analysts’ expectations of $170.62 million. WisdomTree had a return on equity of 39.12% and a net margin of 13.27%.WisdomTree’s quarterly revenue was up 57.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.18 EPS. On average, sell-side analysts forecast that WisdomTree will post 1.14 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, August 12th. WisdomTree’s dividend payout ratio is 23.08%.

Insider Activity

In other news, COO R Jarrett Lilien sold 30,000 shares of WisdomTree stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $18.99, for a total value of $569,700.00. Following the completion of the transaction, the chief operating officer directly owned 1,110,245 shares of the company’s stock, valued at approximately $21,083,552.55. The trade was a 2.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 10.10% of the company’s stock.

Institutional Investors Weigh In On WisdomTree

Several institutional investors and hedge funds have recently bought and sold shares of the business. Tudor Investment Corp ET AL boosted its position in WisdomTree by 18.7% during the 3rd quarter. Tudor Investment Corp ET AL now owns 591,244 shares of the company’s stock worth $8,218,000 after acquiring an additional 93,094 shares during the period. Principal Financial Group Inc. lifted its holdings in WisdomTree by 101.8% in the 1st quarter. Principal Financial Group Inc. now owns 2,009,556 shares of the company’s stock valued at $29,259,000 after acquiring an additional 1,013,658 shares during the last quarter. SG Americas Securities LLC boosted its holdings in WisdomTree by 226.0% during the fourth quarter. SG Americas Securities LLC now owns 165,862 shares of the company’s stock worth $2,022,000 after buying an additional 114,980 shares in the last quarter. Capital Management Corp VA boosted its stake in shares of WisdomTree by 108.1% during the 4th quarter. Capital Management Corp VA now owns 561,886 shares of the company’s stock worth $6,849,000 after acquiring an additional 291,851 shares in the last quarter. Finally, Wakefield Asset Management LLLP acquired a new position in shares of WisdomTree in the 4th quarter valued at $1,298,000. Institutional investors and hedge funds own 78.64% of the company’s stock.

WisdomTree Company Profile

WisdomTree Investments, Inc (NYSE: WT) is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.