WisdomTree (NYSE:WT) Price Target Cut to $11.00 by Analysts at Oppenheimer

WisdomTree (NYSE:WT) had its price objective decreased by Oppenheimer from $12.00 to $11.00 in a research note released on Monday, Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

WT has been the subject of several other reports. Morgan Stanley upped their price objective on shares of WisdomTree from $7.75 to $9.25 and gave the stock an equal weight rating in a report on Wednesday, April 17th. UBS Group raised their price target on WisdomTree from $9.00 to $12.00 and gave the company a buy rating in a research report on Friday, April 12th. Northland Securities raised WisdomTree from a market perform rating to an outperform rating and set a $12.00 price objective for the company in a research report on Wednesday, April 3rd. Northcoast Research raised WisdomTree from a neutral rating to a buy rating and set a $9.00 target price on the stock in a report on Thursday, December 28th. Finally, Craig Hallum started coverage on WisdomTree in a research report on Wednesday, March 6th. They issued a buy rating and a $12.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $10.88.

WisdomTree Trading Up 2.5 %

WisdomTree stock opened at $8.95 on Monday. WisdomTree has a one year low of $6.05 and a one year high of $9.69. The company’s fifty day moving average price is $8.52 and its two-hundred day moving average price is $7.37. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.23 and a quick ratio of 1.66. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 13.77 and a beta of 1.49.

WisdomTree (NYSE:WT) last issued its quarterly earnings data on Friday, February 2nd. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $90.84 million for the quarter, compared to the consensus estimate of $90.32 million. WisdomTree had a return on equity of 15.15% and a net margin of 29.38%. The firm’s revenue was up 23.9% compared to the same quarter last year. During the same period last year, the business earned $0.04 EPS. On average, analysts forecast that WisdomTree will post 0.52 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were issued a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.12 annualized dividend and a yield of 1.34%. WisdomTree’s dividend payout ratio (DPR) is 18.46%.

Insiders Place Their Bets

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

Hedge Funds Weigh In On WisdomTree

Several hedge funds and other institutional investors have recently modified their holdings of WT. Vanguard Group Inc. acquired a new stake in shares of WisdomTree during the third quarter worth approximately $103,908,000. Massachusetts Financial Services Co. MA acquired a new stake in WisdomTree during the 3rd quarter valued at $34,737,000. Wellington Management Group LLP bought a new position in WisdomTree in the 3rd quarter valued at $26,291,000. Toroso Investments LLC acquired a new position in WisdomTree in the third quarter worth $11,022,000. Finally, Capital Management Corp VA acquired a new position in WisdomTree in the fourth quarter worth $8,342,000. Institutional investors own 78.64% of the company’s stock.

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.