WisdomTree, Inc. (NYSE:WT) Given Average Rating of “Moderate Buy” by Brokerages

WisdomTree, Inc. (NYSE:WT) has received a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $12.79.

Several research analysts recently weighed in on WT shares. UBS Group upped their target price 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 “buy” rating to a “neutral” rating in a research report on Thursday, January 2nd.

Insider Buying and Selling

In related news, insider Peter M. Ziemba sold 100,000 shares of WisdomTree stock in a transaction dated 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 trade represents a 9.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Etfs Capital Limited. sold 3,000,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $11.34, for a total value of $34,020,000.00. Following the sale, the insider now directly owns 12,250,000 shares in the company, valued at $138,915,000. The trade was a 19.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On WisdomTree

Several institutional investors have recently modified their holdings of the stock. Impact Partnership Wealth LLC raised its holdings in WisdomTree by 497.4% during the 2nd quarter. Impact Partnership Wealth LLC now owns 33,359 shares of the company’s stock valued at $331,000 after buying an additional 27,775 shares during the period. Kornitzer Capital Management Inc. KS bought a new stake in shares of WisdomTree in the 2nd quarter worth about $5,748,000. Victory Capital Management Inc. boosted its stake in shares of WisdomTree by 92.5% during the 2nd quarter. Victory Capital Management Inc. now owns 1,922,414 shares of the company’s stock worth $19,051,000 after purchasing an additional 923,994 shares during the period. Arizona State Retirement System grew its holdings in WisdomTree by 9.8% during the 2nd quarter. Arizona State Retirement System now owns 34,009 shares of the company’s stock valued at $337,000 after purchasing an additional 3,022 shares during the last quarter. Finally, Foundry Partners LLC purchased a new stake in WisdomTree in the 2nd quarter worth about $118,000. 78.64% of the stock is owned by institutional investors.

WisdomTree Stock Performance

WT opened at $9.65 on Friday. The firm has a market cap of $1.41 billion, a P/E ratio of 33.28 and a beta of 1.49. WisdomTree has a 1-year low of $6.67 and a 1-year high of $12.45. The company has a 50 day simple moving average of $11.03 and a two-hundred day simple moving average of $10.45. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.88 and a quick ratio of 2.16.

WisdomTree Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were issued a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.12 annualized dividend and a dividend yield of 1.24%. WisdomTree’s dividend payout ratio (DPR) is 41.38%.

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.