WisdomTree, Inc. (NYSE:WT) Receives $12.79 Consensus Target Price from Analysts

Shares of WisdomTree, Inc. (NYSE:WT) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $12.79.

A number of equities research analysts recently weighed in on WT shares. UBS Group lifted their price objective on shares of WisdomTree from $12.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Northcoast Research downgraded shares of WisdomTree from a “buy” rating to a “neutral” rating in a research note on Thursday.

Insider Activity at WisdomTree

In other news, insider Peter M. Ziemba sold 100,000 shares of WisdomTree stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $11.43, for a total value of $1,143,000.00. Following the transaction, the insider now owns 948,386 shares of the company’s stock, valued at $10,840,051.98. The trade was a 9.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jonathan L. Steinberg bought 67,869 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were purchased at an average cost of $10.84 per share, with a total value of $735,699.96. Following the transaction, the chief executive officer now directly owns 9,240,707 shares of the company’s stock, valued at $100,169,263.88. The trade was 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 currently owned by corporate insiders.

Hedge Funds Weigh In On WisdomTree

Institutional investors and hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in shares of WisdomTree by 26.9% during the third quarter. Principal Financial Group Inc. now owns 708,842 shares of the company’s stock valued at $7,081,000 after acquiring an additional 150,257 shares in the last quarter. Franklin Resources Inc. acquired a new position in WisdomTree during the 3rd quarter valued at approximately $888,000. Teachers Retirement System of The State of Kentucky raised its holdings in shares of WisdomTree by 589.2% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 249,249 shares of the company’s stock worth $2,491,000 after buying an additional 213,086 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of WisdomTree by 3.3% during the third quarter. Geode Capital Management LLC now owns 2,914,051 shares of the company’s stock worth $29,117,000 after buying an additional 93,140 shares during the period. Finally, Barclays PLC grew its holdings in shares of WisdomTree by 201.3% during the third quarter. Barclays PLC now owns 268,668 shares of the company’s stock valued at $2,684,000 after buying an additional 179,493 shares during the last quarter. 78.64% of the stock is owned by hedge funds and other institutional investors.

WisdomTree Stock Performance

WT stock opened at $10.15 on Friday. WisdomTree has a twelve month low of $6.57 and a twelve month high of $12.45. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 35.00 and a beta of 1.46. The business’s fifty day simple moving average is $11.08 and its two-hundred day simple moving average is $10.46. 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 Announces Dividend

The firm 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. The ex-dividend date was Wednesday, November 6th. This represents a $0.12 annualized dividend and a dividend yield of 1.18%. WisdomTree’s payout ratio is presently 41.38%.

About WisdomTree

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.