WisdomTree, Inc. (NYSE:WT) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its holdings in WisdomTree, Inc. (NYSE:WT) by 21.3% during the 3rd quarter, Holdings Channel reports. The fund owned 2,332,762 shares of the company’s stock after acquiring an additional 410,348 shares during the quarter. Victory Capital Management Inc.’s holdings in WisdomTree were worth $23,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the business. Aigen Investment Management LP bought a new position in WisdomTree during the 3rd quarter valued at $571,000. GSA Capital Partners LLP bought a new position in WisdomTree during the 3rd quarter valued at $333,000. Versor Investments LP bought a new position in WisdomTree during the 3rd quarter valued at $134,000. Los Angeles Capital Management LLC boosted its stake in WisdomTree by 113.4% during the 3rd quarter. Los Angeles Capital Management LLC now owns 32,761 shares of the company’s stock valued at $327,000 after purchasing an additional 17,410 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS boosted its stake in WisdomTree by 58.2% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 917,830 shares of the company’s stock valued at $9,169,000 after purchasing an additional 337,800 shares in the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other WisdomTree news, insider Peter M. Ziemba sold 100,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 948,386 shares in the company, valued at $10,840,051.98. This trade represents a 9.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jonathan L. Steinberg bought 67,869 shares of the business’s stock in a transaction on Friday, November 8th. The shares were bought at an average price of $10.84 per share, for a total transaction of $735,699.96. Following the completion of the acquisition, the chief executive officer now owns 9,240,707 shares of the company’s stock, valued at approximately $100,169,263.88. This represents a 0.74 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 7.80% of the stock is owned by corporate insiders.

WisdomTree Stock Performance

Shares of WisdomTree stock opened at $11.62 on Tuesday. The stock has a market cap of $1.70 billion, a PE ratio of 40.05 and a beta of 1.43. The business has a fifty day simple moving average of $10.26 and a 200-day simple moving average of $10.08. The company has a quick ratio of 2.16, a current ratio of 2.88 and a debt-to-equity ratio of 1.36. WisdomTree, Inc. has a 12 month low of $6.24 and a 12 month high of $12.02.

WisdomTree Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.12 annualized dividend and a dividend yield of 1.03%. WisdomTree’s dividend payout ratio is 41.38%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on WT shares. Oppenheimer increased their price target on WisdomTree from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $12.00 price objective (up from $11.00) on shares of WisdomTree in a research note on Monday, July 29th. Craig Hallum raised their price objective on WisdomTree from $12.00 to $15.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Northcoast Research lowered WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 15th. Finally, UBS Group raised their price objective on WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $12.25.

WisdomTree 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.