WisdomTree (NYSE:WT) Given New $20.00 Price Target at Oppenheimer

WisdomTree (NYSE:WT) had its price target trimmed by Oppenheimer from $21.00 to $20.00 in a report published on Thursday,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other equities analysts have also issued reports on the company. Morgan Stanley set a $16.75 price target on WisdomTree in a research report on Tuesday, February 10th. Wall Street Zen lowered shares of WisdomTree from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Northland Securities set a $20.00 target price on shares of WisdomTree in a report on Monday, February 2nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of WisdomTree in a research note on Wednesday, January 21st. Finally, Zacks Research upgraded shares of WisdomTree from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, WisdomTree currently has a consensus rating of “Moderate Buy” and an average target price of $17.45.

WisdomTree Stock Down 2.9%

WT stock opened at $14.57 on Thursday. The business has a 50 day moving average of $15.97 and a 200 day moving average of $13.75. The firm has a market cap of $2.06 billion, a PE ratio of 19.42 and a beta of 1.09. WisdomTree has a twelve month low of $7.47 and a twelve month high of $17.68. The company has a quick ratio of 1.37, a current ratio of 1.75 and a debt-to-equity ratio of 1.94.

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

WisdomTree Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th were issued a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $0.12 dividend on an annualized basis and a yield of 0.8%. WisdomTree’s dividend payout ratio is currently 16.00%.

Insider Activity

In other news, COO R Jarrett Lilien sold 30,000 shares of the company’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 completion of the sale, the chief operating officer owned 1,140,245 shares of the company’s stock, valued at $19,201,725.80. This represents a 2.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 9.30% of the stock is currently owned by corporate insiders.

Institutional Trading of WisdomTree

Several large investors have recently added to or reduced their stakes in WT. World Investment Advisors purchased a new stake in WisdomTree during the fourth quarter valued at approximately $128,000. Hsbc Holdings PLC bought a new stake in shares of WisdomTree during the 4th quarter valued at $1,752,000. Caitong International Asset Management Co. Ltd grew its position in shares of WisdomTree by 216.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,950 shares of the company’s stock valued at $36,000 after acquiring an additional 2,017 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in shares of WisdomTree by 37.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 26,425 shares of the company’s stock worth $322,000 after purchasing an additional 7,223 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in WisdomTree in the 4th quarter worth $611,000. 78.64% of the stock is currently owned by institutional investors.

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.