WisdomTree (NYSE:WT) Earns Outperform Rating from Oppenheimer

Oppenheimer reissued their outperform rating on shares of WisdomTree (NYSE:WT) in a report published on Monday morning, Benzinga reports. The brokerage currently has a $11.00 target price on the stock.

Other research analysts have also issued research reports about the stock. UBS Group increased their price target on shares of WisdomTree from $9.00 to $12.00 and gave the stock a buy rating in a research report on Friday, April 12th. Craig Hallum assumed coverage on WisdomTree in a research report on Wednesday, March 6th. They set a buy rating and a $12.00 target price for the company. Northland Securities upgraded WisdomTree from a market perform rating to an outperform rating and set a $12.00 price target on the stock in a research report on Wednesday, April 3rd. Finally, Morgan Stanley increased their price objective on WisdomTree from $7.75 to $9.25 and gave the stock an equal weight rating in a research note on Wednesday, April 17th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $10.88.

WisdomTree Stock Performance

WT opened at $8.97 on Monday. The stock’s 50 day simple moving average is $8.70 and its 200-day simple moving average is $7.45. The company has a current ratio of 2.95, a quick ratio of 2.18 and a debt-to-equity ratio of 0.65. The stock has a market cap of $1.36 billion, a PE ratio of 13.18 and a beta of 1.49. WisdomTree has a 1 year low of $6.05 and a 1 year high of $9.69.

WisdomTree (NYSE:WT) last posted its quarterly earnings results on Friday, April 26th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. WisdomTree had a net margin of 29.80% and a return on equity of 16.31%. The firm had revenue of $96.84 million for the quarter, compared to the consensus estimate of $94.32 million. During the same quarter in the previous year, the company earned $0.07 earnings per share. The business’s revenue was up 18.0% compared to the same quarter last year. Sell-side analysts forecast that WisdomTree will post 0.55 EPS for the current year.

WisdomTree Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.12 dividend on an annualized basis and a yield of 1.34%. WisdomTree’s dividend payout ratio is 17.65%.

Insider Buying and Selling at WisdomTree

In related news, CEO Jonathan L. Steinberg acquired 303,781 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were purchased 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 in the company, valued at $66,044,433.60. The purchase 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.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Arizona State Retirement System bought a new stake in WisdomTree during the 3rd quarter worth about $223,000. Jump Financial LLC acquired a new stake in shares of WisdomTree during the 3rd quarter worth approximately $208,000. Barclays PLC acquired a new stake in shares of WisdomTree during the 3rd quarter worth approximately $450,000. New York State Common Retirement Fund bought a new stake in shares of WisdomTree during the third quarter worth approximately $835,000. Finally, Quantbot Technologies LP acquired a new position in WisdomTree in the third quarter valued at approximately $26,000. Institutional investors and hedge funds 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.