WisdomTree (NYSE:WT) Upgraded by Raymond James Financial to Moderate Buy Rating

Raymond James Financial upgraded shares of WisdomTree (NYSE:WT) to a moderate buy rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other equities analysts also recently issued reports on WT. Morgan Stanley reduced their price target on WisdomTree from $16.75 to $16.50 and set an “equal weight” rating on the stock in a research report on Wednesday, April 1st. Northland Securities set a $20.00 target price on WisdomTree in a research note on Monday, February 2nd. The Goldman Sachs Group upped their target price on WisdomTree from $14.00 to $15.50 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Wall Street Zen upgraded WisdomTree from a “hold” rating to a “buy” rating in a research note on Saturday, April 4th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of WisdomTree in a report on Wednesday, January 21st. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.83.

WisdomTree Stock Down 1.7%

NYSE:WT opened at $17.18 on Tuesday. The company’s 50-day simple moving average is $15.89 and its 200-day simple moving average is $13.99. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.37 and a current ratio of 1.75. WisdomTree has a fifty-two week low of $8.45 and a fifty-two week high of $18.78. The stock has a market capitalization of $2.43 billion, a P/E ratio of 22.90 and a beta of 1.11.

WisdomTree (NYSE:WT) last posted its quarterly earnings data on Friday, January 30th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.23 by $0.06. WisdomTree had a net margin of 22.10% and a return on equity of 30.24%. The firm had revenue of $147.43 million during the quarter, compared to analyst estimates of $142.78 million. During the same quarter in the previous year, the business posted $0.17 EPS. WisdomTree’s revenue was up 33.2% on a year-over-year basis. On average, equities analysts anticipate that WisdomTree will post 1.04 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Wednesday, February 11th. WisdomTree’s payout ratio is presently 16.00%.

Insider Buying and Selling at WisdomTree

In related news, COO R Jarrett Lilien sold 30,000 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $16.84, for a total value of $505,200.00. Following the transaction, the chief operating officer directly owned 1,140,245 shares of the company’s stock, valued at $19,201,725.80. This represents a 2.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.30% of the stock is owned by company insiders.

Institutional Trading of WisdomTree

Several large investors have recently added to or reduced their stakes in WT. Quarry LP increased its holdings in shares of WisdomTree by 1,679.0% in the third quarter. Quarry LP now owns 2,206 shares of the company’s stock valued at $31,000 after purchasing an additional 2,082 shares during the period. First Horizon Corp acquired a new stake in shares of WisdomTree during the third quarter worth about $32,000. Caitong International Asset Management Co. Ltd boosted its position in WisdomTree by 163.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company’s stock valued at $30,000 after buying an additional 1,521 shares during the last quarter. Quattro Advisors LLC purchased a new stake in WisdomTree in the fourth quarter valued at approximately $31,000. Finally, Neo Ivy Capital Management acquired a new position in WisdomTree in the 3rd quarter worth approximately $37,000. Hedge funds and other institutional investors own 78.64% of the company’s stock.

WisdomTree Company Profile

WisdomTree Investments, Inc (NYSE: WT) is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.