WisdomTree (NYSE:WT) Rating Reiterated by Oppenheimer

Oppenheimer reiterated their outperform rating on shares of WisdomTree (NYSE:WT) in a research note released on Monday, Benzinga reports. The brokerage currently has a $11.00 price target on the stock.

A number of other brokerages have also weighed in on WT. Northland Securities raised shares of WisdomTree from a market perform rating to an outperform rating and set a $12.00 price target on the stock in a research note on Wednesday, April 3rd. Morgan Stanley lifted their price target on WisdomTree from $7.75 to $9.25 and gave the company an equal weight rating in a research note on Wednesday, April 17th. UBS Group increased their price objective on WisdomTree from $9.00 to $12.00 and gave the stock a buy rating in a report on Friday, April 12th. Finally, Craig Hallum began coverage on WisdomTree in a research note on Wednesday, March 6th. They issued a buy rating and a $12.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, WisdomTree has a consensus rating of Moderate Buy and an average price target of $10.88.

WisdomTree Stock Up 3.2 %

Shares of NYSE WT opened at $8.93 on Monday. The firm has a 50 day moving average price of $8.67 and a 200 day moving average price of $7.43. 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 market cap of $1.36 billion, a P/E ratio of 13.13 and a beta of 1.49. WisdomTree has a 52-week low of $6.05 and a 52-week high of $9.69.

WisdomTree (NYSE:WT) last announced its quarterly earnings results on Friday, April 26th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. The company had revenue of $96.84 million during the quarter, compared to analyst estimates of $94.32 million. WisdomTree had a net margin of 29.80% and a return on equity of 16.31%. The firm’s revenue was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.07 EPS. Analysts expect that WisdomTree will post 0.52 EPS for the current year.

WisdomTree Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th 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 1.34%. The ex-dividend date is Tuesday, May 7th. WisdomTree’s dividend payout ratio is currently 17.65%.

Insider Activity at WisdomTree

In other news, CEO Jonathan L. Steinberg purchased 303,781 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were purchased at an average cost of $7.20 per share, with a total value of $2,187,223.20. Following the completion of the transaction, the chief executive officer now owns 9,172,838 shares of the company’s stock, valued at approximately $66,044,433.60. The transaction was disclosed in a filing with the SEC, which is available through this link. 7.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On WisdomTree

A number of institutional investors have recently bought and sold shares of WT. Vanguard Group Inc. bought a new position in WisdomTree during the third quarter worth $103,908,000. Azora Capital LP grew its stake in WisdomTree by 3.6% in the 4th quarter. Azora Capital LP now owns 7,793,321 shares of the company’s stock valued at $54,008,000 after buying an additional 268,277 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in WisdomTree in the 3rd quarter valued at about $34,737,000. Dimensional Fund Advisors LP lifted its position in WisdomTree by 7.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,998,260 shares of the company’s stock worth $27,710,000 after acquiring an additional 294,060 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of WisdomTree by 3.8% during the fourth quarter. Wellington Management Group LLP now owns 3,897,242 shares of the company’s stock worth $27,008,000 after acquiring an additional 141,354 shares during the period. Institutional investors and hedge funds own 78.64% of the company’s stock.

About WisdomTree

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.