WisdomTree (NYSE:WT) Price Target Raised to $15.00 at Craig Hallum

WisdomTree (NYSE:WT) had its price target raised by Craig Hallum from $12.00 to $15.00 in a research report sent to investors on Monday, Benzinga reports. Craig Hallum currently has a buy rating on the stock.

Other equities analysts have also recently issued reports about the company. Northland Securities upgraded WisdomTree from a market perform rating to an outperform rating and set a $12.00 target price for the company in a report on Wednesday, April 3rd. Morgan Stanley lifted their price objective on WisdomTree from $7.75 to $9.25 and gave the company an equal weight rating in a research note on Wednesday, April 17th. Keefe, Bruyette & Woods reiterated a market perform rating and issued a $12.00 price objective (up previously from $11.00) on shares of WisdomTree in a research note on Monday. Oppenheimer lifted their price objective on WisdomTree from $12.00 to $13.00 and gave the company an outperform rating in a research note on Monday. Finally, UBS Group lifted their price objective on WisdomTree from $9.00 to $12.00 and gave the company a buy rating in a research note on Friday, April 12th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, WisdomTree presently has a consensus rating of Moderate Buy and a consensus target price of $11.96.

WisdomTree Stock Performance

Shares of WisdomTree stock opened at $11.64 on Monday. The business has a 50-day moving average of $10.20 and a 200 day moving average of $9.00. WisdomTree has a 12 month low of $6.06 and a 12 month high of $12.02. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 17.12 and a beta of 1.48. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.01 and a quick ratio of 2.18.

WisdomTree Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.03%. The ex-dividend date is Wednesday, August 7th. WisdomTree’s payout ratio is 17.65%.

Institutional Investors Weigh In On WisdomTree

Several institutional investors have recently added to or reduced their stakes in WT. Rothschild Investment LLC purchased a new stake in WisdomTree in the second quarter valued at approximately $2,233,000. Tobam purchased a new stake in WisdomTree in the second quarter valued at approximately $181,000. Bank of New York Mellon Corp lifted its stake in WisdomTree by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 3,042,815 shares of the company’s stock valued at $30,154,000 after buying an additional 25,759 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in WisdomTree by 2.7% in the second quarter. Louisiana State Employees Retirement System now owns 56,200 shares of the company’s stock valued at $557,000 after buying an additional 1,500 shares during the last quarter. Finally, Gladius Capital Management LP purchased a new stake in WisdomTree in the second quarter valued at approximately $32,000. Hedge funds and other 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.