WisdomTree, Inc. (NYSE:WT) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of WisdomTree, Inc. (NYSE:WT) have been given an average rating of “Moderate Buy” by the seven brokerages that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $12.25.

Several research analysts have recently weighed in on WT shares. Oppenheimer upped their target price on WisdomTree from $12.00 to $13.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Northland Securities increased their price objective on shares of WisdomTree from $12.00 to $13.50 and gave the company an “outperform” rating in a report on Monday, July 29th. Craig Hallum boosted their target price on shares of 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 restated a “market perform” rating and set a $12.00 price target (up previously from $11.00) on shares of WisdomTree in a research report on Monday, July 29th. Finally, Northcoast Research cut WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 15th.

WisdomTree Stock Up 0.7 %

WT stock opened at $11.62 on Thursday. The firm’s fifty day moving average is $10.26 and its 200 day moving average is $10.08. The firm has a market cap of $1.70 billion, a PE ratio of 40.05 and a beta of 1.43. WisdomTree 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.

WisdomTree Announces Dividend

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

Insider Transactions at WisdomTree

In other news, CEO Jonathan L. Steinberg purchased 67,869 shares of the stock in a transaction dated Friday, November 8th. The shares were purchased at an average price of $10.84 per share, with a total value of $735,699.96. Following the transaction, the chief executive officer now owns 9,240,707 shares in the company, valued at $100,169,263.88. The trade was a 0.74 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Peter M. Ziemba sold 100,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $11.43, for a total transaction of $1,143,000.00. Following the completion of the sale, the insider now directly owns 948,386 shares of the company’s stock, valued at $10,840,051.98. This represents a 9.54 % decrease in their position. The disclosure for this sale can be found here. Insiders own 7.80% of the company’s stock.

Institutional Trading of WisdomTree

Several institutional investors have recently made changes to their positions in WT. CWM LLC raised its holdings in WisdomTree by 85.8% in the 2nd quarter. CWM LLC now owns 2,746 shares of the company’s stock valued at $27,000 after buying an additional 1,268 shares during the period. Headlands Technologies LLC purchased a new stake in shares of WisdomTree in the 2nd quarter valued at approximately $27,000. Gladius Capital Management LP acquired a new position in shares of WisdomTree in the 2nd quarter worth approximately $32,000. GAMMA Investing LLC boosted its position in shares of WisdomTree by 76.8% during the 3rd quarter. GAMMA Investing LLC now owns 4,054 shares of the company’s stock worth $40,000 after purchasing an additional 1,761 shares during the period. Finally, Bayesian Capital Management LP acquired a new stake in WisdomTree in the 1st quarter valued at approximately $105,000. Hedge funds and other institutional investors own 78.64% of the company’s stock.

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.