WisdomTree, Inc. (NYSE:WT) Receives $12.25 Average PT from Brokerages

WisdomTree, Inc. (NYSE:WT) has been given an average rating of “Moderate Buy” by the seven ratings firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $12.25.

Several equities analysts recently issued reports on WT shares. Northcoast Research cut WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 15th. UBS Group raised their price objective on WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd.

Insider Activity

In other news, insider Etfs Capital Limited. sold 3,000,000 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $11.34, for a total transaction of $34,020,000.00. Following the completion of the transaction, the insider now owns 12,250,000 shares of the company’s stock, valued at approximately $138,915,000. The trade was a 19.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jonathan L. Steinberg acquired 67,869 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were bought at an average price of $10.84 per share, for a total transaction of $735,699.96. Following the completion of the purchase, the chief executive officer now owns 9,240,707 shares of the company’s stock, valued at approximately $100,169,263.88. This represents a 0.74 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On WisdomTree

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Amalgamated Bank raised its stake in shares of WisdomTree by 2.8% during the third quarter. Amalgamated Bank now owns 36,023 shares of the company’s stock valued at $360,000 after purchasing an additional 986 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of WisdomTree by 3.1% during the third quarter. Oppenheimer & Co. Inc. now owns 33,500 shares of the company’s stock valued at $335,000 after purchasing an additional 1,000 shares in the last quarter. Impact Partnership Wealth LLC raised its stake in shares of WisdomTree by 3.3% during the third quarter. Impact Partnership Wealth LLC now owns 34,467 shares of the company’s stock valued at $344,000 after purchasing an additional 1,108 shares in the last quarter. CWM LLC raised its stake in shares of WisdomTree by 85.8% during the second quarter. CWM LLC now owns 2,746 shares of the company’s stock valued at $27,000 after purchasing an additional 1,268 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in shares of WisdomTree by 2.3% during the third quarter. Louisiana State Employees Retirement System now owns 57,500 shares of the company’s stock valued at $574,000 after purchasing an additional 1,300 shares in the last quarter. 78.64% of the stock is currently owned by institutional investors.

WisdomTree Stock Performance

WisdomTree stock opened at $11.39 on Monday. The stock has a market cap of $1.66 billion, a P/E ratio of 39.28 and a beta of 1.46. The company has a current ratio of 2.88, a quick ratio of 2.16 and a debt-to-equity ratio of 1.36. The stock has a 50 day moving average of $10.95 and a 200-day moving average of $10.37. WisdomTree has a 52 week low of $6.24 and a 52 week high of $12.45.

WisdomTree Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Wednesday, November 6th. WisdomTree’s dividend payout ratio (DPR) is 41.38%.

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.