WisdomTree, Inc. (NYSE:WT) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its holdings in WisdomTree, Inc. (NYSE:WT) by 21.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,332,762 shares of the company’s stock after purchasing an additional 410,348 shares during the quarter. Victory Capital Management Inc. owned approximately 1.54% of WisdomTree worth $23,304,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its stake in WisdomTree by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 3,042,815 shares of the company’s stock valued at $30,154,000 after purchasing an additional 25,759 shares during the last quarter. Janus Henderson Group PLC increased its stake in WisdomTree by 7.5% during the first quarter. Janus Henderson Group PLC now owns 2,788,746 shares of the company’s stock worth $25,629,000 after acquiring an additional 194,369 shares during the last quarter. Kornitzer Capital Management Inc. KS increased its stake in WisdomTree by 58.2% during the third quarter. Kornitzer Capital Management Inc. KS now owns 917,830 shares of the company’s stock worth $9,169,000 after acquiring an additional 337,800 shares during the last quarter. Marshall Wace LLP increased its stake in WisdomTree by 82.3% during the second quarter. Marshall Wace LLP now owns 772,543 shares of the company’s stock worth $7,656,000 after acquiring an additional 348,850 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in WisdomTree by 51.6% during the second quarter. AQR Capital Management LLC now owns 720,132 shares of the company’s stock worth $7,137,000 after acquiring an additional 245,041 shares during the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

WisdomTree Trading Up 0.7 %

Shares of WT opened at $11.62 on Tuesday. The company has a market capitalization of $1.70 billion, a P/E ratio of 40.05 and a beta of 1.43. WisdomTree, Inc. has a one year low of $6.24 and a one year high of $12.02. The company has a debt-to-equity ratio of 1.36, a quick ratio of 2.16 and a current ratio of 2.88. The stock has a 50-day moving average price of $10.26 and a 200 day moving average price of $10.08.

WisdomTree Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Wednesday, November 6th. WisdomTree’s dividend payout ratio is currently 41.38%.

Analyst Ratings Changes

Several brokerages have commented on WT. Craig Hallum upped their price target on WisdomTree from $12.00 to $15.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $12.00 target price (up previously from $11.00) on shares of WisdomTree in a research report on Monday, July 29th. Northcoast Research downgraded WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 15th. UBS Group upped their target price on WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, Northland Securities upped their target price on WisdomTree from $12.00 to $13.50 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $12.25.

Insider Activity at WisdomTree

In other news, insider Peter M. Ziemba sold 100,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $11.43, for a total transaction of $1,143,000.00. Following the sale, the insider now directly owns 948,386 shares in the company, valued at approximately $10,840,051.98. This represents a 9.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jonathan L. Steinberg purchased 67,869 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 9,240,707 shares in the company, valued at approximately $100,169,263.88. This trade represents a 0.74 % increase in their position. The disclosure for this purchase can be found here. 7.80% of the stock is currently owned by company insiders.

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.