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 published on Saturday morning.

Other equities analysts have also recently issued research reports about the stock. Oppenheimer decreased their price objective on shares of WisdomTree from $21.00 to $20.00 and set an “outperform” rating on the stock in a research report on Thursday, March 26th. The Goldman Sachs Group boosted their price target on shares of WisdomTree from $14.00 to $15.50 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of WisdomTree in a research report on Wednesday, January 21st. Northland Securities set a $20.00 price target on shares of WisdomTree in a research report on Monday, February 2nd. Finally, Zacks Research cut shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.40.

WisdomTree Price Performance

WT stock opened at $14.95 on Friday. The firm’s 50-day moving average price is $15.78 and its two-hundred day moving average price is $13.77. WisdomTree has a 12-month low of $7.47 and a 12-month high of $17.68. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 19.93 and a beta of 1.11. The company has a current ratio of 1.75, a quick ratio of 1.37 and a debt-to-equity ratio of 1.94.

WisdomTree (NYSE:WT) last released its quarterly earnings data on Friday, January 30th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. WisdomTree had a net margin of 22.10% and a return on equity of 30.24%. The firm had revenue of $147.43 million for the quarter, compared to analysts’ expectations of $142.78 million. During the same quarter in the previous year, the company earned $0.17 earnings per share. The company’s revenue for the quarter was up 33.2% compared to the same quarter last year. As a group, equities analysts predict that WisdomTree will post 0.72 earnings per share for the current year.

WisdomTree Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th were given a dividend of $0.03 per share. The ex-dividend date was Wednesday, February 11th. This represents a $0.12 annualized dividend and a dividend yield of 0.8%. WisdomTree’s payout ratio is currently 16.00%.

Insider Activity

In related news, COO R Jarrett Lilien sold 30,000 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $16.84, for a total transaction of $505,200.00. Following the transaction, the chief operating officer owned 1,140,245 shares in the company, valued at $19,201,725.80. The trade was a 2.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On WisdomTree

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP grew its holdings in WisdomTree by 15.7% in the fourth quarter. Wellington Management Group LLP now owns 11,196,229 shares of the company’s stock worth $136,482,000 after purchasing an additional 1,521,599 shares during the period. Azora Capital LP grew its holdings in WisdomTree by 9.3% in the fourth quarter. Azora Capital LP now owns 6,150,111 shares of the company’s stock worth $74,970,000 after purchasing an additional 521,179 shares during the period. Simcoe Capital Management LLC grew its holdings in WisdomTree by 11.3% in the fourth quarter. Simcoe Capital Management LLC now owns 5,253,340 shares of the company’s stock worth $64,038,000 after purchasing an additional 535,015 shares during the period. Dimensional Fund Advisors LP grew its holdings in WisdomTree by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,642,042 shares of the company’s stock worth $44,399,000 after purchasing an additional 61,699 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in WisdomTree by 116.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,389,653 shares of the company’s stock worth $41,320,000 after purchasing an additional 1,823,777 shares during the period. Hedge funds and other institutional investors own 78.64% of the company’s stock.

About WisdomTree

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.