WisdomTree (NYSE:WT) Price Target Lowered to $16.50 at Morgan Stanley

WisdomTree (NYSE:WT) had its target price trimmed by Morgan Stanley from $16.75 to $16.50 in a research report released on Wednesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other equities analysts have also recently issued reports on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of WisdomTree in a research note on Wednesday, January 21st. Oppenheimer dropped their price target on WisdomTree from $21.00 to $20.00 and set an “outperform” rating for the company in a research note on Thursday, March 26th. Zacks Research upgraded shares of WisdomTree from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 25th. The Goldman Sachs Group boosted their price objective on shares of WisdomTree from $14.00 to $15.50 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Finally, Wall Street Zen lowered shares of WisdomTree from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. One equities research 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $17.40.

WisdomTree Stock Performance

WisdomTree stock opened at $14.47 on Wednesday. The company has a current ratio of 1.75, a quick ratio of 1.37 and a debt-to-equity ratio of 1.94. The firm has a market cap of $2.05 billion, a P/E ratio of 19.29 and a beta of 1.11. WisdomTree has a 1-year low of $7.47 and a 1-year high of $17.68. The firm has a 50-day moving average of $15.88 and a 200-day moving average of $13.76.

WisdomTree (NYSE:WT) last announced its quarterly earnings results on Friday, January 30th. The company reported $0.29 earnings per share (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 company had revenue of $147.43 million for the quarter, compared to the consensus estimate of $142.78 million. During the same quarter in the previous year, the business earned $0.17 EPS. WisdomTree’s revenue was up 33.2% compared to the same quarter last year. Sell-side analysts expect that WisdomTree will post 0.72 EPS for the current year.

WisdomTree Announces Dividend

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

Insider Activity at WisdomTree

In other 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 owned 1,140,245 shares in the company, 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 through this hyperlink. 9.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On WisdomTree

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WT. Caitong International Asset Management Co. Ltd raised its holdings in WisdomTree by 163.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company’s stock worth $30,000 after purchasing an additional 1,521 shares in the last quarter. Quarry LP boosted its holdings in shares of WisdomTree by 1,679.0% during the 3rd quarter. Quarry LP now owns 2,206 shares of the company’s stock valued at $31,000 after buying an additional 2,082 shares in the last quarter. Quattro Advisors LLC purchased a new stake in shares of WisdomTree in the 4th quarter worth about $31,000. First Horizon Corp bought a new position in shares of WisdomTree in the 3rd quarter worth about $32,000. Finally, Flagship Harbor Advisors LLC bought a new position in shares of WisdomTree in the 4th quarter worth about $36,000. 78.64% of the stock is owned by hedge funds and other 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.