WisdomTree (NYSE:WT) Research Coverage Started at Craig Hallum

Craig Hallum initiated coverage on shares of WisdomTree (NYSE:WTFree Report) in a report released on Wednesday morning, Marketbeat.com reports. The firm issued a buy rating and a $12.00 target price on the stock.

Several other equities research analysts have also commented on WT. Northcoast Research raised shares of WisdomTree from a neutral rating to a buy rating and set a $9.00 price objective on the stock in a research note on Thursday, December 28th. Oppenheimer lifted their target price on shares of WisdomTree from $11.00 to $12.00 and gave the stock an outperform rating in a report on Monday, February 5th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $9.85.

View Our Latest Stock Analysis on WisdomTree

WisdomTree Price Performance

Shares of NYSE:WT opened at $8.42 on Wednesday. The stock has a market cap of $1.28 billion, a PE ratio of 12.95 and a beta of 1.47. WisdomTree has a 52 week low of $5.53 and a 52 week high of $8.48. The company has a quick ratio of 1.66, a current ratio of 2.23 and a debt-to-equity ratio of 0.67. The company’s fifty day moving average is $7.30 and its 200 day moving average is $6.96.

WisdomTree (NYSE:WTGet Free Report) last announced its quarterly earnings results on Friday, February 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $90.84 million for the quarter, compared to analyst estimates of $90.32 million. WisdomTree had a net margin of 29.38% and a return on equity of 15.15%. The company’s revenue was up 23.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.04 EPS. Research analysts anticipate that WisdomTree will post 0.5 earnings per share for the current year.

WisdomTree Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date was Tuesday, February 13th. WisdomTree’s dividend payout ratio is currently 18.46%.

Insider Activity

In other news, CEO Jonathan L. Steinberg purchased 303,781 shares of the stock in a transaction dated Tuesday, February 13th. The shares were acquired at an average cost of $7.20 per share, for a total transaction of $2,187,223.20. Following the acquisition, the chief executive officer now owns 9,172,838 shares of the company’s stock, valued at $66,044,433.60. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 7.80% of the company’s stock.

Institutional Trading of WisdomTree

Institutional investors have recently modified their holdings of the company. Nordea Investment Management AB acquired a new stake in WisdomTree in the 3rd quarter worth approximately $3,096,000. Charles Schwab Investment Management Inc. acquired a new stake in WisdomTree in the 3rd quarter worth approximately $7,091,000. Swiss National Bank acquired a new stake in WisdomTree in the 3rd quarter worth approximately $1,723,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in WisdomTree in the 3rd quarter worth approximately $535,000. Finally, Barclays PLC purchased a new position in WisdomTree during the 3rd quarter worth approximately $450,000. 79.79% of the stock is currently owned by institutional investors.

WisdomTree Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for WisdomTree (NYSE:WT)

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