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

WisdomTree, Inc. (NYSE:WT) has been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $12.25.

A number of equities analysts recently weighed in on WT shares. Northland Securities lifted their target price on shares of WisdomTree from $12.00 to $13.50 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Oppenheimer increased their price target on WisdomTree from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Craig Hallum increased their target price on shares of WisdomTree from $12.00 to $15.00 and gave the stock a “buy” rating 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. Finally, UBS Group lifted their target price on shares of 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 related news, CEO Jonathan L. Steinberg bought 67,869 shares of the company’s stock in a transaction on Friday, November 8th. The shares were bought 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 approximately $100,169,263.88. This trade represents a 0.74 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Peter M. Ziemba sold 100,000 shares of WisdomTree stock in a transaction that occurred on 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 sale, the insider now owns 948,386 shares of the company’s stock, valued at approximately $10,840,051.98. The trade was a 9.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 7.80% of the company’s stock.

Institutional Trading of WisdomTree

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC raised its holdings in WisdomTree by 390.7% in the 3rd quarter. FMR LLC now owns 2,859,073 shares of the company’s stock valued at $28,562,000 after acquiring an additional 2,276,452 shares during the last quarter. Azora Capital LP boosted its stake in WisdomTree by 12.1% during the third quarter. Azora Capital LP now owns 10,609,577 shares of the company’s stock worth $105,990,000 after buying an additional 1,142,151 shares during the last quarter. Victory Capital Management Inc. grew its holdings in WisdomTree by 92.5% in the 2nd quarter. Victory Capital Management Inc. now owns 1,922,414 shares of the company’s stock valued at $19,051,000 after buying an additional 923,994 shares in the last quarter. Kornitzer Capital Management Inc. KS purchased a new position in shares of WisdomTree during the 2nd quarter worth $5,748,000. Finally, Acadian Asset Management LLC acquired a new stake in WisdomTree during the second quarter worth about $4,258,000. 78.64% of the stock is owned by institutional investors and hedge funds.

WisdomTree Stock Performance

NYSE WT opened at $11.73 on Thursday. WisdomTree has a fifty-two week low of $6.24 and a fifty-two week high of $12.02. The firm’s fifty day moving average price is $10.36 and its two-hundred day moving average price is $10.11. 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 market cap of $1.71 billion, a PE ratio of 40.43 and a beta of 1.43.

WisdomTree Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Wednesday, November 6th. WisdomTree’s payout ratio 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.