WisdomTree (NYSE:WT) Price Target Increased to $12.00 by Analysts at UBS Group

WisdomTree (NYSE:WT) had its price target upped by UBS Group from $9.00 to $12.00 in a research report report published on Friday, Benzinga reports. UBS Group currently has a buy rating on the stock.

A number of other brokerages have also weighed in on WT. Oppenheimer boosted their price objective on shares of WisdomTree from $11.00 to $12.00 and gave the stock an outperform rating in a report on Monday, February 5th. Craig Hallum assumed coverage on shares of WisdomTree in a report on Wednesday, March 6th. They issued a buy rating and a $12.00 price objective for the company. Northland Securities upgraded shares of WisdomTree from a market perform rating to an outperform rating and set a $12.00 price objective for the company in a report on Wednesday, April 3rd. Finally, Northcoast Research upgraded shares of WisdomTree from a neutral rating to a buy rating and set a $9.00 price objective for the company in a report on Thursday, December 28th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $10.71.

WisdomTree Stock Performance

WisdomTree stock opened at $8.92 on Friday. The stock’s 50 day simple moving average is $8.34 and its two-hundred day simple moving average is $7.30. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.66 and a current ratio of 2.23. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 13.72 and a beta of 1.49. WisdomTree has a fifty-two week low of $6.05 and a fifty-two week high of $9.69.

WisdomTree (NYSE:WT) last posted its quarterly earnings data on Friday, February 2nd. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. The business had revenue of $90.84 million for the quarter, compared to analysts’ expectations of $90.32 million. WisdomTree had a return on equity of 15.15% and a net margin of 29.38%. The business’s revenue was up 23.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.04 EPS. As a group, analysts expect that WisdomTree will post 0.51 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Tuesday, February 13th. WisdomTree’s dividend payout ratio is currently 18.46%.

Insider Buying and Selling

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

Institutional Trading of WisdomTree

Several hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. raised its position in shares of WisdomTree by 15.2% during the 4th quarter. Victory Capital Management Inc. now owns 22,203 shares of the company’s stock valued at $154,000 after buying an additional 2,927 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of WisdomTree during the 3rd quarter valued at about $26,000. Avior Wealth Management LLC purchased a new stake in shares of WisdomTree during the 4th quarter valued at about $40,000. Allspring Global Investments Holdings LLC purchased a new stake in WisdomTree in the 4th quarter worth about $46,000. Finally, Simplex Trading LLC purchased a new stake in WisdomTree in the 4th quarter worth about $55,000. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

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.