Analysts Set WisdomTree, Inc. (NYSE:WT) Price Target at $12.25

Shares of WisdomTree, Inc. (NYSE:WT) have received a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $12.25.

WT has been the topic of a number of recent analyst reports. Northcoast Research lowered WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 15th. UBS Group lifted their target price on WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd.

Insider Activity

In related news, insider Etfs Capital Limited. sold 3,000,000 shares of the stock in a transaction 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 transaction, the insider now owns 12,250,000 shares of the company’s stock, valued at $138,915,000. This represents a 19.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the insider now directly owns 948,386 shares of the company’s stock, valued at approximately $10,840,051.98. This trade represents a 9.54 % decrease in their position. The disclosure for this sale can be found here. 7.80% of the stock is owned by company insiders.

Institutional Trading of WisdomTree

Hedge funds have recently bought and sold shares of the company. CWM LLC boosted its stake in shares of WisdomTree by 85.8% during the second quarter. CWM LLC now owns 2,746 shares of the company’s stock valued at $27,000 after purchasing an additional 1,268 shares during the period. Headlands Technologies LLC purchased a new stake in shares of WisdomTree during the second quarter worth about $27,000. Gladius Capital Management LP purchased a new position in WisdomTree during the 2nd quarter valued at about $32,000. GAMMA Investing LLC raised its position in WisdomTree by 76.8% during the 3rd quarter. GAMMA Investing LLC now owns 4,054 shares of the company’s stock valued at $40,000 after purchasing an additional 1,761 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new position in WisdomTree during the 3rd quarter valued at approximately $105,000. Institutional investors own 78.64% of the company’s stock.

WisdomTree Stock Performance

Shares of WT stock opened at $11.38 on Monday. WisdomTree has a one year low of $6.24 and a one year high of $12.45. The company has a market cap of $1.66 billion, a P/E ratio of 39.24 and a beta of 1.46. The firm has a 50-day moving average of $10.95 and a 200-day moving average of $10.36. 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 business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.05%. 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.