WisdomTree (NYSE:WT) Upgraded at Raymond James Financial

Raymond James Financial upgraded shares of WisdomTree (NYSE:WT) to a moderate buy rating in a report issued on Tuesday morning,Zacks.com reports.

Other research analysts have also issued reports about the company. Zacks Research lowered WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Oppenheimer decreased their target price on WisdomTree from $21.00 to $20.00 and set an “outperform” rating for the company in a report on Thursday, March 26th. Northland Securities set a $20.00 target price on WisdomTree in a report on Monday, February 2nd. Morgan Stanley decreased their target price on WisdomTree from $16.75 to $16.50 and set an “equal weight” rating for the company in a report on Wednesday, April 1st. Finally, The Goldman Sachs Group lifted their target price on WisdomTree from $14.00 to $15.50 and gave the company a “neutral” rating in a report on Monday, February 2nd. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.83.

WisdomTree Trading Down 1.6%

WT opened at $16.91 on Tuesday. WisdomTree has a 52 week low of $8.45 and a 52 week high of $18.78. The business has a fifty day simple moving average of $15.90 and a 200-day simple moving average of $14.01. The firm has a market cap of $2.40 billion, a P/E ratio of 22.55 and a beta of 1.11. 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 quarterly 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 during the quarter, compared to analyst estimates of $142.78 million. During the same period last year, the business posted $0.17 earnings per share. The company’s quarterly revenue was up 33.2% on a year-over-year basis. On average, equities analysts expect that WisdomTree will post 1.04 earnings per share for the current year.

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th were issued a $0.03 dividend. The ex-dividend date was Wednesday, February 11th. This represents a $0.12 dividend on an annualized basis and a yield of 0.7%. WisdomTree’s dividend payout ratio (DPR) is 16.00%.

Insider Transactions at WisdomTree

In related 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 transaction, the chief operating officer directly owned 1,140,245 shares in the company, valued at approximately $19,201,725.80. This trade represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 9.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of WT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in WisdomTree by 2.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 456,990 shares of the company’s stock worth $4,076,000 after buying an additional 12,402 shares during the last quarter. Jane Street Group LLC lifted its holdings in WisdomTree by 379.3% during the 1st quarter. Jane Street Group LLC now owns 880,977 shares of the company’s stock worth $7,858,000 after buying an additional 697,156 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in WisdomTree by 35.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 301,138 shares of the company’s stock worth $3,466,000 after buying an additional 78,837 shares during the last quarter. Sei Investments Co. lifted its holdings in WisdomTree by 722.3% during the 2nd quarter. Sei Investments Co. now owns 93,039 shares of the company’s stock worth $1,071,000 after buying an additional 81,725 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in WisdomTree by 20.0% during the 2nd quarter. AQR Capital Management LLC now owns 482,313 shares of the company’s stock worth $5,551,000 after buying an additional 80,361 shares during the last quarter. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

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.