WisdomTree, Inc. (NYSE:WT) Receives $12.25 Average Price Target from Analysts

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

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

Insider Buying and Selling at WisdomTree

In other WisdomTree news, CEO Jonathan L. Steinberg acquired 67,869 shares of WisdomTree stock in a transaction on Friday, November 8th. The shares were purchased at an average cost of $10.84 per share, with a total value of $735,699.96. Following the completion of the purchase, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Peter M. Ziemba sold 100,000 shares of the company’s stock in a transaction 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 $10,840,051.98. The trade was a 9.54 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On WisdomTree

Several hedge funds have recently added to or reduced their stakes in WT. Victory Capital Management Inc. boosted its position in shares of 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 in the last quarter. SG Americas Securities LLC lifted its holdings in WisdomTree by 588.2% during 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 in the last quarter. Dynamic Technology Lab Private Ltd grew its stake in WisdomTree by 180.4% in the third quarter. Dynamic Technology Lab Private Ltd now owns 115,289 shares of the company’s stock valued at $1,152,000 after acquiring an additional 74,173 shares during the period. Crawford Fund Management LLC increased its holdings in shares of WisdomTree by 34.0% in the third quarter. Crawford Fund Management LLC now owns 499,874 shares of the company’s stock worth $4,994,000 after acquiring an additional 126,700 shares in the last quarter. Finally, Quantbot Technologies LP raised its position in shares of WisdomTree by 586.0% during the third quarter. Quantbot Technologies LP now owns 250,017 shares of the company’s stock worth $2,498,000 after purchasing an additional 213,571 shares during the period. Institutional investors and hedge funds own 78.64% of the company’s stock.

WisdomTree Trading Up 1.5 %

Shares of WisdomTree stock opened at $11.62 on Monday. WisdomTree has a 12-month low of $6.24 and a 12-month high of $12.45. The stock has a market capitalization of $1.70 billion, a P/E ratio of 40.07 and a beta of 1.46. The company has a 50-day simple moving average of $10.88 and a 200 day simple moving average of $10.34. The company has a quick ratio of 2.16, a current ratio of 2.88 and a debt-to-equity ratio of 1.36.

WisdomTree Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Wednesday, November 6th. WisdomTree’s dividend payout ratio (DPR) is presently 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.