Brokerages Set WisdomTree, Inc. (NYSE:WT) PT at $12.79

WisdomTree, Inc. (NYSE:WT) has been given an average rating of “Moderate Buy” by the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $12.79.

WT has been the topic of a number of recent analyst reports. Northcoast Research cut shares of WisdomTree from a “buy” rating to a “neutral” rating in a research note on Thursday. UBS Group raised their price objective on shares of WisdomTree from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd.

Insider Buying and Selling at WisdomTree

In related news, 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. This represents a 9.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Etfs Capital Limited. sold 3,000,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $11.34, for a total transaction of $34,020,000.00. Following the transaction, the insider now owns 12,250,000 shares of the company’s stock, valued at $138,915,000. This trade represents a 19.67 % decrease in their position. The disclosure for this sale can be found here. 7.80% of the stock is currently owned by insiders.

Institutional Trading of WisdomTree

Several hedge funds have recently made changes to their positions in WT. Amalgamated Bank lifted its position in WisdomTree by 2.8% in the third quarter. Amalgamated Bank now owns 36,023 shares of the company’s stock worth $360,000 after buying an additional 986 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of WisdomTree by 3.1% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 33,500 shares of the company’s stock worth $335,000 after acquiring an additional 1,000 shares during the last quarter. Impact Partnership Wealth LLC boosted its stake in shares of WisdomTree by 3.3% during the 3rd quarter. Impact Partnership Wealth LLC now owns 34,467 shares of the company’s stock worth $344,000 after purchasing an additional 1,108 shares during the period. Louisiana State Employees Retirement System grew its holdings in WisdomTree by 2.3% during the 3rd quarter. Louisiana State Employees Retirement System now owns 57,500 shares of the company’s stock valued at $574,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Hsbc Holdings PLC raised its position in WisdomTree by 3.4% in the 2nd quarter. Hsbc Holdings PLC now owns 47,546 shares of the company’s stock worth $467,000 after purchasing an additional 1,576 shares during the period. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

WisdomTree Price Performance

NYSE WT opened at $10.15 on Friday. The business’s fifty day moving average is $11.08 and its 200 day moving average is $10.46. WisdomTree has a fifty-two week low of $6.57 and a fifty-two week high of $12.45. The company has a debt-to-equity ratio of 1.36, a quick ratio of 2.16 and a current ratio of 2.88. The company has a market capitalization of $1.48 billion, a PE ratio of 35.00 and a beta of 1.46.

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Investors 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 dividend yield of 1.18%. WisdomTree’s dividend payout ratio is 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.