Morgan Stanley Issues Positive Forecast for WisdomTree (NYSE:WT) Stock Price

WisdomTree (NYSE:WT - Free Report) had its price target hoisted by Morgan Stanley from $9.75 to $11.00 in a report issued on Wednesday,Benzinga reports. They currently have an equal weight rating on the stock.

WT has been the subject of a number of other research reports. The Goldman Sachs Group upgraded shares of WisdomTree from a "sell" rating to a "neutral" rating and increased their target price for the stock from $9.50 to $11.90 in a research report on Friday, June 27th. Northcoast Research upgraded shares of WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 price target on the stock in a research note on Wednesday. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, WisdomTree currently has an average rating of "Moderate Buy" and a consensus price target of $12.99.

WisdomTree Stock Performance

NYSE WT traded up $0.47 on Wednesday, hitting $12.72. 3,065,060 shares of the stock traded hands, compared to its average volume of 1,688,081. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.79 and a current ratio of 3.83. The business's fifty day moving average is $9.91 and its two-hundred day moving average is $9.49. WisdomTree has a 12 month low of $7.47 and a 12 month high of $12.54. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 36.34 and a beta of 1.14.

WisdomTree (NYSE:WT - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. WisdomTree had a return on equity of 25.46% and a net margin of 15.77%. The company had revenue of $108.08 million during the quarter, compared to the consensus estimate of $108.47 million. During the same quarter in the prior year, the company earned $0.12 EPS. The firm's quarterly revenue was up 11.7% compared to the same quarter last year. As a group, equities analysts anticipate that WisdomTree will post 0.72 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date was Wednesday, May 14th. WisdomTree's payout ratio is 34.29%.

Hedge Funds Weigh In On WisdomTree

A number of large investors have recently modified their holdings of WT. Quarry LP lifted its stake in WisdomTree by 1,778.5% in the 4th quarter. Quarry LP now owns 2,799 shares of the company's stock worth $29,000 after purchasing an additional 2,650 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of WisdomTree by 173.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company's stock valued at $39,000 after purchasing an additional 2,405 shares in the last quarter. Byrne Asset Management LLC increased its holdings in shares of WisdomTree by 114.0% in the first quarter. Byrne Asset Management LLC now owns 3,852 shares of the company's stock worth $34,000 after purchasing an additional 2,052 shares during the period. Federated Hermes Inc. raised its position in shares of WisdomTree by 60.7% in the fourth quarter. Federated Hermes Inc. now owns 4,705 shares of the company's stock worth $49,000 after buying an additional 1,777 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in shares of WisdomTree by 310.5% in the first quarter. Versant Capital Management Inc now owns 5,263 shares of the company's stock worth $47,000 after buying an additional 3,981 shares in the last quarter. 78.64% of the stock is currently owned by institutional investors.

About WisdomTree

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.