WisdomTree (NYSE:WT) Upgraded at Zacks Research

Zacks Research upgraded shares of WisdomTree (NYSE:WT) from a hold rating to a strong-buy rating in a research report report published on Wednesday morning,Zacks.com reports.

Other analysts have also recently issued research reports about the stock. Oppenheimer boosted their target price on shares of WisdomTree from $17.00 to $21.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. Morgan Stanley set a $16.75 price target on WisdomTree in a research report on Tuesday, February 10th. The Goldman Sachs Group lifted their target price on shares of WisdomTree from $14.00 to $15.50 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Wall Street Zen raised WisdomTree from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Northland Securities set a $20.00 price objective on shares of WisdomTree in a research report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.65.

WisdomTree Stock Performance

NYSE WT opened at $17.11 on Wednesday. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 22.81 and a beta of 1.09. The stock has a 50-day moving average of $15.02 and a 200 day moving average of $13.49. The company has a current ratio of 1.75, a quick ratio of 1.37 and a debt-to-equity ratio of 1.94. WisdomTree has a twelve month low of $7.47 and a twelve month high of $17.48.

WisdomTree (NYSE:WT) last posted its quarterly earnings data on Friday, January 30th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $142.78 million. During the same period in the previous year, the business earned $0.17 earnings per share. The business’s revenue was up 33.2% compared to the same quarter last year. Sell-side analysts anticipate that WisdomTree will post 0.72 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The business 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 0.7%. WisdomTree’s dividend payout ratio (DPR) is 16.00%.

Insider Activity at WisdomTree

In related news, COO R Jarrett Lilien sold 30,000 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $19,201,725.80. This trade represents a 2.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David M. Yates sold 6,820 shares of the business’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $11.12, for a total value of $75,838.40. Following the sale, the insider owned 152,123 shares in the company, valued at approximately $1,691,607.76. The trade was a 4.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 9.30% of the company’s stock.

Hedge Funds Weigh In On WisdomTree

A number of institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its stake in shares of WisdomTree by 15.7% during the fourth quarter. Wellington Management Group LLP now owns 11,196,229 shares of the company’s stock valued at $136,482,000 after acquiring an additional 1,521,599 shares during the last quarter. Azora Capital LP raised its stake in WisdomTree by 9.3% in the 4th quarter. Azora Capital LP now owns 6,150,111 shares of the company’s stock valued at $74,970,000 after purchasing an additional 521,179 shares during the last quarter. Simcoe Capital Management LLC lifted its holdings in WisdomTree by 11.3% in the 4th quarter. Simcoe Capital Management LLC now owns 5,253,340 shares of the company’s stock valued at $64,038,000 after purchasing an additional 535,015 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in WisdomTree by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,642,042 shares of the company’s stock valued at $44,399,000 after purchasing an additional 61,699 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of WisdomTree by 116.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,389,653 shares of the company’s stock worth $41,320,000 after purchasing an additional 1,823,777 shares during the last quarter. 78.64% of the stock is owned by institutional investors and hedge funds.

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.