Keefe, Bruyette & Woods Raises WisdomTree (NYSE:WT) Price Target to $11.00

WisdomTree (NYSE:WT) had its price target boosted by Keefe, Bruyette & Woods from $10.00 to $11.00 in a research report report published on Friday, Benzinga reports. They currently have a market perform rating on the stock.

A number of other research analysts have also recently commented on the company. Oppenheimer reaffirmed an outperform rating and set a $11.00 price target on shares of WisdomTree in a research report on Monday, April 29th. Northland Securities upgraded shares of WisdomTree from a market perform rating to an outperform rating and set a $12.00 target price for the company in a research note on Wednesday, April 3rd. Morgan Stanley upped their price target on shares of WisdomTree from $7.75 to $9.25 and gave the company an equal weight rating in a research note on Wednesday, April 17th. Finally, UBS Group lifted their price objective on shares of WisdomTree from $9.00 to $12.00 and gave the company a buy rating in a research note on Friday, April 12th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $10.89.

WisdomTree Stock Up 0.4 %

WT stock opened at $10.31 on Friday. The firm has a market capitalization of $1.57 billion, a PE ratio of 15.16 and a beta of 1.48. The company has a quick ratio of 2.18, a current ratio of 2.95 and a debt-to-equity ratio of 0.65. WisdomTree has a twelve month low of $6.06 and a twelve month high of $10.40. The stock’s 50 day moving average is $9.72 and its 200-day moving average is $8.62.

WisdomTree (NYSE:WT) last released its quarterly earnings results on Friday, April 26th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The company had revenue of $96.84 million for the quarter, compared to analyst estimates of $94.32 million. WisdomTree had a net margin of 29.80% and a return on equity of 16.31%. The firm’s revenue was up 18.0% on a year-over-year basis. During the same period last year, the firm earned $0.07 earnings per share. Sell-side analysts expect that WisdomTree will post 0.56 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were given a $0.03 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $0.12 annualized dividend and a yield of 1.16%. WisdomTree’s payout ratio is currently 17.65%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of WT. Texas Permanent School Fund Corp increased its position in shares of WisdomTree by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 96,638 shares of the company’s stock valued at $888,000 after buying an additional 1,247 shares during the period. CWM LLC boosted its position in WisdomTree by 85.8% during the 2nd quarter. CWM LLC now owns 2,746 shares of the company’s stock valued at $27,000 after acquiring an additional 1,268 shares in the last quarter. Kennedy Capital Management LLC boosted its position in WisdomTree by 3.7% during the 1st quarter. Kennedy Capital Management LLC now owns 38,857 shares of the company’s stock valued at $357,000 after acquiring an additional 1,383 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of WisdomTree by 0.3% during the 1st quarter. Principal Financial Group Inc. now owns 579,193 shares of the company’s stock worth $5,323,000 after acquiring an additional 1,542 shares during the period. Finally, ProShare Advisors LLC raised its position in shares of WisdomTree by 7.6% in the 1st quarter. ProShare Advisors LLC now owns 27,223 shares of the company’s stock worth $250,000 after acquiring an additional 1,920 shares in the last quarter. Hedge funds and other 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.