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

WisdomTree, Inc. (NYSE:WT) has received an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $12.79.

A number of equities analysts have recently issued reports on the company. UBS Group upped their price target on WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Northcoast Research cut WisdomTree from a “buy” rating to a “neutral” rating in a research note on Thursday.

WisdomTree Stock Down 3.7 %

Shares of WisdomTree stock opened at $10.11 on Friday. WisdomTree has a 52-week low of $6.57 and a 52-week high of $12.45. The firm’s 50 day moving average price is $11.09 and its 200-day moving average price is $10.44. The company has a quick ratio of 2.16, a current ratio of 2.88 and a debt-to-equity ratio of 1.36. The company has a market cap of $1.48 billion, a P/E ratio of 34.86 and a beta of 1.46.

WisdomTree Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.12 dividend on an annualized basis and a yield of 1.19%. WisdomTree’s dividend payout ratio is currently 41.38%.

Insider Activity

In other WisdomTree news, insider Etfs Capital Limited. sold 3,000,000 shares of WisdomTree stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $11.34, for a total transaction of $34,020,000.00. Following the completion of the transaction, the insider now owns 12,250,000 shares in the company, valued at approximately $138,915,000. This trade represents a 19.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jonathan L. Steinberg bought 67,869 shares of the stock in a transaction dated Friday, November 8th. The stock was bought at an average price of $10.84 per share, for a total transaction 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. The trade was a 0.74 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 7.80% of the company’s stock.

Institutional Trading of WisdomTree

A number of hedge funds have recently added to or reduced their stakes in the company. Azora Capital LP boosted its position 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 purchasing an additional 1,142,151 shares in the last quarter. State Street Corp increased its holdings in WisdomTree by 7.6% in the 3rd quarter. State Street Corp now owns 5,678,905 shares of the company’s stock worth $56,732,000 after acquiring an additional 399,839 shares in the last quarter. Geode Capital Management LLC raised its position in WisdomTree by 3.3% during the third quarter. Geode Capital Management LLC now owns 2,914,051 shares of the company’s stock worth $29,117,000 after acquiring an additional 93,140 shares during the period. FMR LLC lifted its holdings in WisdomTree by 390.7% during the third quarter. FMR LLC now owns 2,859,073 shares of the company’s stock valued at $28,562,000 after purchasing an additional 2,276,452 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of WisdomTree by 21.3% in the third quarter. Victory Capital Management Inc. now owns 2,332,762 shares of the company’s stock valued at $23,304,000 after purchasing an additional 410,348 shares during the period. 78.64% of the stock is owned by hedge funds and other institutional investors.

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.