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 report published on Saturday morning.

Several other research firms also recently weighed in on WT. Zacks Research upgraded shares of WisdomTree from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 25th. The Goldman Sachs Group increased 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. Oppenheimer lifted their price objective on WisdomTree from $17.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of WisdomTree in a research note on Wednesday, January 21st. Finally, Morgan Stanley set a $16.75 price target on WisdomTree in a research report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, WisdomTree currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.65.

WisdomTree Stock Performance

Shares of WT stock opened at $17.53 on Friday. The stock has a fifty day moving average price of $15.12 and a 200 day moving average price of $13.52. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.37 and a current ratio of 1.75. The stock has a market cap of $2.48 billion, a PE ratio of 23.37 and a beta of 1.09. WisdomTree has a 1 year low of $7.47 and a 1 year high of $17.66.

WisdomTree (NYSE:WT) last posted its earnings results on Friday, January 30th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.06. The company had revenue of $147.43 million for the quarter, compared to analyst estimates of $142.78 million. WisdomTree had a return on equity of 30.24% and a net margin of 22.10%.WisdomTree’s revenue was up 33.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.17 earnings per share. Sell-side analysts forecast that WisdomTree will post 0.72 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, February 11th. WisdomTree’s dividend payout ratio is currently 16.00%.

Insider Activity

In other news, COO R Jarrett Lilien sold 30,000 shares of WisdomTree stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $16.84, for a total value of $505,200.00. Following the completion of the sale, the chief operating officer owned 1,140,245 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 9.30% of the stock is owned by company insiders.

Institutional Trading of WisdomTree

A number of hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd increased its stake in shares of WisdomTree by 163.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company’s stock valued at $30,000 after acquiring an additional 1,521 shares during the last quarter. Quarry LP grew its holdings in WisdomTree by 1,679.0% in the third quarter. Quarry LP now owns 2,206 shares of the company’s stock valued at $31,000 after purchasing an additional 2,082 shares during the period. Quattro Advisors LLC acquired a new position in WisdomTree during the fourth quarter worth approximately $31,000. First Horizon Corp acquired a new position in WisdomTree during the third quarter worth approximately $32,000. Finally, Flagship Harbor Advisors LLC purchased a new position in WisdomTree during the fourth quarter worth approximately $36,000. 78.64% of the stock is owned by institutional investors and hedge funds.

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.