WisdomTree (NYSE:WT) Given New $9.50 Price Target at The Goldman Sachs Group

WisdomTree (NYSE:WT) had its target price increased by The Goldman Sachs Group from $8.50 to $9.50 in a report released on Thursday morning,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the stock.

WisdomTree Stock Down 0.7%

Shares of NYSE WT opened at $10.24 on Thursday. The company has a quick ratio of 2.13, a current ratio of 2.92 and a debt-to-equity ratio of 1.28. WisdomTree has a 52 week low of $7.47 and a 52 week high of $12.45. The firm has a 50-day moving average price of $9.10 and a 200 day moving average price of $9.56. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 33.03 and a beta of 1.11.

WisdomTree (NYSE:WT) last announced its quarterly earnings data on Friday, May 2nd. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. The firm had revenue of $108.08 million during the quarter, compared to analysts’ expectations of $108.47 million. During the same quarter last year, the business earned $0.12 earnings per share. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. Equities research analysts anticipate that WisdomTree will post 0.72 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Wednesday, May 14th. WisdomTree’s dividend payout ratio (DPR) is presently 34.29%.

Institutional Trading of WisdomTree

Institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP lifted its holdings in shares of WisdomTree by 1,778.5% in the fourth quarter. Quarry LP now owns 2,799 shares of the company’s stock valued at $29,000 after purchasing an additional 2,650 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of WisdomTree by 173.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company’s stock valued at $39,000 after purchasing an additional 2,405 shares in the last quarter. Byrne Asset Management LLC lifted its holdings in shares of WisdomTree by 114.0% in the first quarter. Byrne Asset Management LLC now owns 3,852 shares of the company’s stock valued at $34,000 after purchasing an additional 2,052 shares in the last quarter. Federated Hermes Inc. lifted its stake in shares of WisdomTree by 60.7% during the fourth quarter. Federated Hermes Inc. now owns 4,705 shares of the company’s stock valued at $49,000 after buying an additional 1,777 shares during the period. Finally, Versant Capital Management Inc lifted its stake in shares of WisdomTree by 310.5% during the first quarter. Versant Capital Management Inc now owns 5,263 shares of the company’s stock valued at $47,000 after buying an additional 3,981 shares during the period. Hedge funds and other institutional investors 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.