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

Shares of WisdomTree, Inc. (NYSE:WT) have earned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $12.25.

A number of analysts recently weighed in on the stock. Northland Securities upped 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. Craig Hallum raised their price objective on shares of WisdomTree from $12.00 to $15.00 and gave the company a “buy” rating in a report on Monday, July 29th. UBS Group boosted 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. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $12.00 price target (up from $11.00) on shares of WisdomTree in a report on Monday, July 29th. Finally, Oppenheimer raised their target price on WisdomTree from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th.

WisdomTree Stock Performance

NYSE WT opened at $11.73 on Thursday. The company has a market cap of $1.71 billion, a P/E ratio of 40.43 and a beta of 1.43. WisdomTree has a 1-year low of $6.24 and a 1-year high of $12.02. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.88 and a quick ratio of 2.16. The stock has a 50-day moving average of $10.36 and a two-hundred day moving average of $10.11.

WisdomTree Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were issued 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 currently 41.38%.

Insider Buying and Selling

In other WisdomTree news, insider Peter M. Ziemba sold 100,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $11.43, for a total value of $1,143,000.00. Following the completion of the transaction, the insider now owns 948,386 shares in the company, valued at approximately $10,840,051.98. This represents a 9.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jonathan L. Steinberg acquired 67,869 shares of WisdomTree stock in a transaction that occurred on Friday, November 8th. The stock was bought at an average price of $10.84 per share, with a total value of $735,699.96. Following the purchase, the chief executive officer now directly owns 9,240,707 shares of the company’s stock, valued at approximately $100,169,263.88. This trade represents a 0.74 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 7.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On WisdomTree

Institutional investors and hedge funds have recently bought and sold shares of the stock. UniSuper Management Pty Ltd purchased a new stake in shares of WisdomTree in the first quarter valued at $423,000. SG Americas Securities LLC boosted its position in shares of WisdomTree by 588.2% in the second quarter. SG Americas Securities LLC now owns 73,295 shares of the company’s stock worth $726,000 after acquiring an additional 62,644 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new stake in WisdomTree in the first quarter valued at approximately $507,000. Victory Capital Management Inc. increased its position in WisdomTree by 21.3% during the third quarter. Victory Capital Management Inc. now owns 2,332,762 shares of the company’s stock worth $23,304,000 after purchasing an additional 410,348 shares during the last quarter. Finally, Wakefield Asset Management LLLP purchased a new position in WisdomTree during the second quarter worth approximately $989,000. Hedge funds and other institutional investors own 78.64% of the company’s stock.

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.