WisdomTree (NYSE:WT) Earns Market Perform Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their market perform rating on shares of WisdomTree (NYSE:WT) in a report published on Monday morning, Benzinga reports. The firm currently has a $12.00 price objective on the stock, up from their previous price objective of $11.00.

A number of other equities research analysts have also recently commented on WT. Oppenheimer increased their target price on WisdomTree from $12.00 to $13.00 and gave the company an outperform rating in a report on Monday. Northland Securities upgraded WisdomTree from a market perform rating to an outperform rating and set a $12.00 target price on the stock in a report on Wednesday, April 3rd. UBS Group increased their target price on WisdomTree from $9.00 to $12.00 and gave the company a buy rating in a report on Friday, April 12th. Finally, Morgan Stanley increased their target price on WisdomTree from $7.75 to $9.25 and gave the company an equal weight rating in a report on Wednesday, April 17th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $11.96.

WisdomTree Price Performance

Shares of NYSE:WT opened at $11.94 on Monday. The business’s fifty day moving average price is $10.16 and its two-hundred day moving average price is $8.99. The stock has a market cap of $1.81 billion, a PE ratio of 17.56 and a beta of 1.48. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.18 and a current ratio of 3.01. WisdomTree has a one year low of $6.06 and a one year high of $12.00.

WisdomTree Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Wednesday, August 7th. WisdomTree’s dividend payout ratio is presently 17.65%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Azora Capital LP raised its position in shares of WisdomTree by 3.6% in the 4th quarter. Azora Capital LP now owns 7,793,321 shares of the company’s stock worth $54,008,000 after buying an additional 268,277 shares during the period. Vanguard Group Inc. purchased a new position in shares of WisdomTree in the 3rd quarter worth $103,908,000. Point72 Europe London LLP raised its position in shares of WisdomTree by 18.9% in the 4th quarter. Point72 Europe London LLP now owns 516,800 shares of the company’s stock worth $3,581,000 after buying an additional 82,300 shares during the period. Dimensional Fund Advisors LP raised its position in shares of WisdomTree by 7.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,998,260 shares of the company’s stock worth $27,710,000 after buying an additional 294,060 shares during the period. Finally, UniSuper Management Pty Ltd purchased a new position in shares of WisdomTree in the 1st quarter worth $423,000. 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.