Stifel Financial Corp Buys 46,822 Shares of WisdomTree, Inc. (NYSE:WT)

Stifel Financial Corp increased its stake in WisdomTree, Inc. (NYSE:WT) by 145.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,008 shares of the company’s stock after buying an additional 46,822 shares during the period. Stifel Financial Corp’s holdings in WisdomTree were worth $789,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of WT. Amalgamated Bank raised its position in shares of WisdomTree by 2.8% in the 3rd quarter. Amalgamated Bank now owns 36,023 shares of the company’s stock worth $360,000 after purchasing an additional 986 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in WisdomTree by 3.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 33,500 shares of the company’s stock valued at $335,000 after purchasing an additional 1,000 shares in the last quarter. Impact Partnership Wealth LLC raised its holdings in WisdomTree by 3.3% in the third quarter. Impact Partnership Wealth LLC now owns 34,467 shares of the company’s stock worth $344,000 after buying an additional 1,108 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of WisdomTree by 2.3% in the third quarter. Louisiana State Employees Retirement System now owns 57,500 shares of the company’s stock worth $574,000 after buying an additional 1,300 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of WisdomTree by 3.4% during the second quarter. Hsbc Holdings PLC now owns 47,546 shares of the company’s stock valued at $467,000 after buying an additional 1,576 shares during the last quarter. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

WisdomTree Trading Up 1.8 %

NYSE:WT opened at $10.69 on Wednesday. WisdomTree, Inc. has a one year low of $6.57 and a one year high of $12.45. The business has a fifty day moving average price of $11.07 and a 200-day moving average price of $10.41. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 36.86 and a beta of 1.46. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were given a $0.03 dividend. The ex-dividend date was Wednesday, November 6th. This represents a $0.12 annualized dividend and a dividend yield of 1.12%. WisdomTree’s payout ratio is 41.38%.

Insider Activity

In other news, CEO Jonathan L. Steinberg purchased 67,869 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was bought 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 approximately $100,169,263.88. This represents a 0.74 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Peter M. Ziemba sold 100,000 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $11.43, for a total transaction of $1,143,000.00. Following the completion of the sale, the insider now owns 948,386 shares in the company, valued at $10,840,051.98. This represents a 9.54 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 7.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on WT shares. UBS Group boosted 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 research note on Sunday, September 15th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, WisdomTree presently has an average rating of “Moderate Buy” and a consensus target price of $12.25.

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.