Intech Investment Management LLC Buys New Shares in WisdomTree, Inc. (NYSE:WT)

Intech Investment Management LLC bought a new stake in shares of WisdomTree, Inc. (NYSE:WT) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 34,505 shares of the company’s stock, valued at approximately $345,000.

Other large investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in shares of WisdomTree by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,042,815 shares of the company’s stock valued at $30,154,000 after buying an additional 25,759 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of WisdomTree by 21.3% in the 3rd quarter. Victory Capital Management Inc. now owns 2,332,762 shares of the company’s stock valued at $23,304,000 after buying an additional 410,348 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its stake in shares of WisdomTree by 58.2% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 917,830 shares of the company’s stock valued at $9,169,000 after buying an additional 337,800 shares in the last quarter. Marshall Wace LLP raised its stake in shares of WisdomTree by 82.3% in the 2nd quarter. Marshall Wace LLP now owns 772,543 shares of the company’s stock valued at $7,656,000 after buying an additional 348,850 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of WisdomTree by 51.6% in the 2nd quarter. AQR Capital Management LLC now owns 720,132 shares of the company’s stock valued at $7,137,000 after buying an additional 245,041 shares in the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on WT shares. UBS Group increased their price objective on shares of WisdomTree from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Northcoast Research lowered shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 15th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $12.25.

WisdomTree Stock Down 2.6 %

WT opened at $11.39 on Wednesday. WisdomTree, Inc. has a twelve month low of $6.24 and a twelve month high of $12.45. The firm’s 50-day simple moving average is $10.69 and its 200-day simple moving average is $10.26. 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 firm has a market cap of $1.66 billion, a price-to-earnings ratio of 39.31 and a beta of 1.46.

WisdomTree Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend was Wednesday, November 6th. WisdomTree’s dividend payout ratio is currently 41.38%.

Insiders Place Their Bets

In other WisdomTree news, CEO Jonathan L. Steinberg bought 67,869 shares of WisdomTree stock in a transaction dated Friday, November 8th. The shares were bought at an average price of $10.84 per share, with a total value of $735,699.96. Following the purchase, the chief executive officer now owns 9,240,707 shares of the company’s stock, valued at $100,169,263.88. This trade represents a 0.74 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Peter M. Ziemba sold 100,000 shares of the firm’s stock in a transaction dated 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 completion of 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 position. The disclosure for this sale can be found here. Insiders own 7.80% of the company’s stock.

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.