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

WisdomTree (NYSE:WT - Free Report) had its price target upped by Oppenheimer from $12.00 to $15.00 in a report issued on Tuesday,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

WT has been the topic of a number of other research reports. The Goldman Sachs Group raised WisdomTree from a "sell" rating to a "neutral" rating and raised their price target for the stock from $9.50 to $11.90 in a 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 for the company in a research report on Wednesday, July 2nd. Finally, Morgan Stanley lifted their price target on shares of WisdomTree from $9.75 to $11.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 2nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, WisdomTree currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.24.

WisdomTree Stock Down 0.2%

WisdomTree stock traded down $0.03 during midday trading on Tuesday, reaching $13.69. The company's stock had a trading volume of 2,367,201 shares, compared to its average volume of 1,882,769. WisdomTree has a fifty-two week low of $7.47 and a fifty-two week high of $13.76. The company has a quick ratio of 2.79, a current ratio of 3.83 and a debt-to-equity ratio of 1.23. The company has a market cap of $2.01 billion, a P/E ratio of 39.10 and a beta of 1.14. The business has a 50-day simple moving average of $11.01 and a 200-day simple moving average of $9.73.

WisdomTree (NYSE:WT - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $108.08 million for the quarter, compared to analyst estimates of $108.47 million. WisdomTree had a return on equity of 25.46% and a net margin of 15.77%. The business's quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.12 earnings per share. On average, research analysts expect that WisdomTree will post 0.72 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were paid a dividend of $0.03 per share. The ex-dividend date was Wednesday, May 14th. This represents a $0.12 annualized dividend and a dividend yield of 0.88%. WisdomTree's dividend payout ratio is presently 34.29%.

Institutional Trading of WisdomTree

Institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. lifted its holdings in WisdomTree by 39.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 808,352 shares of the company's stock worth $7,210,000 after buying an additional 227,626 shares in the last quarter. Gabelli Funds LLC lifted its holdings in WisdomTree by 448.6% in the 4th quarter. Gabelli Funds LLC now owns 109,717 shares of the company's stock worth $1,152,000 after buying an additional 89,717 shares in the last quarter. Bank of America Corp DE lifted its holdings in WisdomTree by 93.8% in the 4th quarter. Bank of America Corp DE now owns 313,859 shares of the company's stock worth $3,296,000 after buying an additional 151,926 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in WisdomTree by 10.9% in the 4th quarter. Ameriprise Financial Inc. now owns 353,250 shares of the company's stock worth $3,709,000 after buying an additional 34,670 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its holdings in WisdomTree by 5.0% in the 1st quarter. Oppenheimer & Co. Inc. now owns 70,050 shares of the company's stock worth $625,000 after buying an additional 3,359 shares in the last quarter. 78.64% of the stock is owned by hedge funds and other institutional investors.

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.