WisdomTree (NYSE:WT) Upgraded to Strong-Buy at Zacks Research

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

WT has been the subject of a number of other reports. Weiss Ratings raised shares of WisdomTree from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, September 16th. Wall Street Zen upgraded WisdomTree from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Northland Securities upped their price objective on WisdomTree from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. Raymond James Financial reaffirmed an “outperform” rating and issued a $26.00 target price on shares of WisdomTree in a report on Thursday, August 27th. Finally, Oppenheimer lifted their target price on WisdomTree from $22.00 to $27.00 and gave the company an “outperform” rating in a research report on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.86.

WisdomTree Trading Up 0.7%

Shares of NYSE:WT opened at $24.23 on Monday. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 46.59 and a beta of 1.20. The company has a debt-to-equity ratio of 2.53, a quick ratio of 2.73 and a current ratio of 3.00. The stock’s 50-day simple moving average is $22.72 and its two-hundred day simple moving average is $19.30. WisdomTree has a 52-week low of $10.69 and a 52-week high of $25.91.

WisdomTree (NYSE:WT) last released its quarterly earnings results on Friday, July 31st. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. WisdomTree had a return on equity of 39.12% and a net margin of 13.27%.The business had revenue of $177.16 million during the quarter, compared to the consensus estimate of $170.62 million. During the same period in the previous year, the company posted $0.18 EPS. The business’s quarterly revenue was up 57.3% compared to the same quarter last year. Analysts expect that WisdomTree will post 1.22 EPS for the current year.

WisdomTree Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th were paid a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.5%. WisdomTree’s dividend payout ratio is 23.08%.

Insider Activity at WisdomTree

In related news, COO R. Jarrett Lilien sold 30,000 shares of WisdomTree stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $24.56, for a total transaction of $736,800.00. Following the transaction, the chief operating officer owned 1,080,245 shares in the company, valued at approximately $26,530,817.20. The trade was a 2.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 10.10% of the stock is owned by insiders.

Institutional Investors Weigh In On WisdomTree

A number of institutional investors and hedge funds have recently bought and sold shares of WT. BlackRock Inc. bought a new position in shares of WisdomTree in the second quarter worth about $326,513,000. Azora Capital LP purchased a new stake in shares of WisdomTree during the second quarter worth about $104,698,000. Capital World Investors bought a new stake in WisdomTree during the 4th quarter valued at approximately $30,835,000. Bank of America Corp DE bought a new stake in WisdomTree during the 2nd quarter valued at approximately $33,743,000. Finally, Jupiter Topco LLC purchased a new position in WisdomTree in the 2nd quarter worth approximately $24,616,000. 78.64% of the stock is owned by institutional investors.

WisdomTree Company Profile

WisdomTree, Inc is a financial services company that operates as an exchange-traded fund (ETF) and exchange-traded product sponsor and asset manager. The company develops and manages investment strategies designed to provide exposure to equities, fixed income, currencies, commodities, alternatives and other asset classes.

Its product offerings include dividend-focused, growth and value ETFs, actively managed funds, currency and commodity products, and funds focused on environmental, social and governance themes.