WisdomTree (NYSE:WT) PT Raised to $13.00 at Oppenheimer

WisdomTree (NYSE:WT) had its target price raised by Oppenheimer from $12.00 to $13.00 in a research report sent to investors on Monday morning, Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

WT has been the topic of a number of other reports. 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 report on Wednesday, April 3rd. Keefe, Bruyette & Woods boosted their target price on WisdomTree from $10.00 to $11.00 and gave the company a market perform rating in a research note on Friday, July 12th. UBS Group raised their price target on shares of WisdomTree from $9.00 to $12.00 and gave the stock a buy rating in a research note on Friday, April 12th. Finally, Morgan Stanley lifted their price objective on shares of WisdomTree from $7.75 to $9.25 and gave the company an equal weight rating in a report on Wednesday, April 17th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $11.96.

WisdomTree Stock Up 1.1 %

NYSE:WT opened at $11.94 on Monday. WisdomTree has a 1 year low of $6.06 and a 1 year high of $12.00. The stock has a 50-day moving average price of $10.16 and a two-hundred day moving average price of $8.99. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 17.56 and a beta of 1.48. The company has a current ratio of 3.01, a quick ratio of 2.18 and a debt-to-equity ratio of 0.62.

WisdomTree Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.01%. WisdomTree’s dividend payout ratio (DPR) is currently 17.65%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. bought a new position in WisdomTree in the third quarter valued at about $103,908,000. SG Americas Securities LLC acquired a new position in WisdomTree in the 4th quarter valued at approximately $338,000. Raymond James & Associates bought a new stake in shares of WisdomTree in the fourth quarter worth $107,000. State of Alaska Department of Revenue acquired a new stake in WisdomTree in the fourth quarter valued at $487,000. Finally, Miracle Mile Advisors LLC bought a new position in WisdomTree during the 4th quarter worth $69,000. 78.64% of the stock is currently owned by institutional investors and hedge funds.

WisdomTree Company Profile

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.