WisdomTree’s (WT) Market Perform Rating Reaffirmed at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their market perform rating on shares of WisdomTree (NYSE:WT) in a research note issued to investors on Monday morning, Benzinga reports. Keefe, Bruyette & Woods currently has a $12.00 price target on the stock, up from their prior price target of $11.00.

A number of other equities research analysts have also commented on WT. Oppenheimer raised their price objective on shares of WisdomTree from $12.00 to $13.00 and gave the stock an outperform rating in a report on Monday. Northland Securities raised 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 report on Wednesday, April 3rd. Morgan Stanley raised their target price on shares of WisdomTree from $7.75 to $9.25 and gave the company an equal weight rating in a research report on Wednesday, April 17th. Finally, UBS Group raised their target price on shares of WisdomTree from $9.00 to $12.00 and gave the company a buy rating in a research report 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. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $11.96.

WisdomTree Trading Down 2.5 %

WT opened at $11.64 on Monday. The firm’s fifty day moving average is $10.20 and its two-hundred day moving average is $9.00. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.18 and a current ratio of 3.01. The firm has a market cap of $1.77 billion, a PE ratio of 17.12 and a beta of 1.48. WisdomTree has a twelve month low of $6.06 and a twelve month high of $12.02.

WisdomTree Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Wednesday, August 7th. WisdomTree’s dividend payout ratio (DPR) is presently 17.65%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. bought a new position in shares of WisdomTree in the 3rd quarter valued at about $103,908,000. Azora Capital LP grew its position in shares of WisdomTree by 3.6% in the 4th quarter. Azora Capital LP now owns 7,793,321 shares of the company’s stock valued at $54,008,000 after acquiring an additional 268,277 shares during the period. Dimensional Fund Advisors LP grew its position in shares of WisdomTree by 7.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,998,260 shares of the company’s stock valued at $27,710,000 after acquiring an additional 294,060 shares during the period. Wellington Management Group LLP lifted its stake in shares of WisdomTree by 3.8% during the 4th quarter. Wellington Management Group LLP now owns 3,897,242 shares of the company’s stock worth $27,008,000 after buying an additional 141,354 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of WisdomTree by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,042,815 shares of the company’s stock worth $30,154,000 after buying an additional 25,759 shares during the last quarter. Institutional investors own 78.64% of the company’s stock.

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.