WisdomTree (NYSE:WT) Price Target Cut to $8.50 by Analysts at The Goldman Sachs Group

WisdomTree (NYSE:WT) had its target price cut by The Goldman Sachs Group from $9.75 to $8.50 in a research report sent to investors on Monday,Benzinga reports. They currently have a sell rating on the stock.

Other research analysts also recently issued reports about the company. Northcoast Research downgraded WisdomTree from a “buy” rating to a “neutral” rating in a research note on Thursday, January 2nd. Keefe, Bruyette & Woods lowered their price target on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating for the company in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, WisdomTree has a consensus rating of “Hold” and a consensus target price of $11.96.

WisdomTree Trading Down 2.2 %

NYSE WT opened at $8.18 on Monday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.13 and a current ratio of 2.92. WisdomTree has a one year low of $7.47 and a one year high of $12.45. The company has a 50-day simple moving average of $8.82 and a 200-day simple moving average of $9.93. The firm has a market capitalization of $1.20 billion, a PE ratio of 26.39 and a beta of 1.26.

WisdomTree (NYSE:WT) last issued its earnings results on Friday, January 31st. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. On average, equities analysts forecast that WisdomTree will post 0.72 earnings per share for the current year.

WisdomTree Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Wednesday, February 12th. WisdomTree’s dividend payout ratio (DPR) is 38.71%.

Insider Activity at WisdomTree

In other WisdomTree news, insider Alexis Marinof sold 90,980 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $9.87, for a total transaction of $897,972.60. Following the transaction, the insider now owns 221,146 shares of the company’s stock, valued at approximately $2,182,711.02. This trade represents a 29.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 7.80% of the company’s stock.

Institutional Trading of WisdomTree

Institutional investors have recently made changes to their positions in the stock. State Street Corp raised its holdings in WisdomTree by 7.6% during the third quarter. State Street Corp now owns 5,678,905 shares of the company’s stock worth $56,732,000 after purchasing an additional 399,839 shares in the last quarter. Geode Capital Management LLC increased its position in shares of WisdomTree by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,914,051 shares of the company’s stock valued at $29,117,000 after purchasing an additional 93,140 shares during the period. Millennium Management LLC raised its stake in shares of WisdomTree by 532.6% in the 4th quarter. Millennium Management LLC now owns 2,031,534 shares of the company’s stock worth $21,331,000 after buying an additional 1,710,409 shares in the last quarter. Two Sigma Investments LP lifted its holdings in shares of WisdomTree by 10.5% in the fourth quarter. Two Sigma Investments LP now owns 1,500,371 shares of the company’s stock valued at $15,754,000 after buying an additional 142,226 shares during the period. Finally, Northern Trust Corp boosted its stake in WisdomTree by 1.1% during the fourth quarter. Northern Trust Corp now owns 1,440,197 shares of the company’s stock valued at $15,122,000 after buying an additional 15,489 shares in the last quarter. 78.64% of the stock is 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.