WisdomTree (NYSE:WT) Price Target Raised to $11.00

WisdomTree (NYSE:WT) had its target price boosted by Keefe, Bruyette & Woods from $10.00 to $11.00 in a research report released on Friday, Benzinga reports. They currently have a market perform rating on the stock.

A number of other brokerages have also recently issued reports on WT. UBS Group raised their price objective on shares of WisdomTree from $9.00 to $12.00 and gave the company a buy rating in a research note on Friday, April 12th. Northland Securities upgraded WisdomTree from a market perform rating to an outperform rating and set a $12.00 price target on the stock in a research report on Wednesday, April 3rd. Oppenheimer reiterated an outperform rating and issued a $11.00 price objective on shares of WisdomTree in a report on Monday, April 29th. Finally, Morgan Stanley raised their target price on WisdomTree from $7.75 to $9.25 and gave the stock an equal weight rating in a report on Wednesday, April 17th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, WisdomTree presently has a consensus rating of Moderate Buy and a consensus price target of $10.89.

WisdomTree Stock Up 2.1 %

NYSE WT opened at $10.53 on Friday. The stock has a market capitalization of $1.60 billion, a P/E ratio of 15.49 and a beta of 1.49. WisdomTree has a 52 week low of $6.06 and a 52 week high of $10.61. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.18 and a current ratio of 2.95. The stock has a fifty day moving average of $9.74 and a 200-day moving average of $8.64.

WisdomTree (NYSE:WT) last announced its quarterly earnings data on Friday, April 26th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. WisdomTree had a return on equity of 16.31% and a net margin of 29.80%. The firm had revenue of $96.84 million during the quarter, compared to analyst estimates of $94.32 million. During the same period last year, the company earned $0.07 earnings per share. The company’s revenue was up 18.0% on a year-over-year basis. On average, equities research analysts forecast that WisdomTree will post 0.56 EPS for the current year.

WisdomTree Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Tuesday, May 7th. WisdomTree’s dividend payout ratio is currently 17.65%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP bought a new stake in shares of WisdomTree in the third quarter valued at about $26,291,000. Teachers Retirement System of The State of Kentucky bought a new stake in WisdomTree in the 3rd quarter valued at approximately $253,000. Vanguard Group Inc. acquired a new stake in shares of WisdomTree in the third quarter valued at approximately $103,908,000. Exchange Traded Concepts LLC bought a new stake in shares of WisdomTree in the fourth quarter worth $640,000. Finally, SG Americas Securities LLC acquired a new position in WisdomTree during the fourth quarter worth $338,000. Institutional investors own 78.64% of the company’s stock.

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.