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

Shares of WisdomTree, Inc. (NYSE:WT) have earned an average rating of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $12.79.

A number of equities research analysts have weighed in on WT shares. UBS Group boosted their target price 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 cut shares of WisdomTree from a “buy” rating to a “neutral” rating in a research note on Thursday, January 2nd.

Insider Activity

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, CEO Jonathan L. Steinberg acquired 67,869 shares of the firm’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 transaction, the chief executive officer now owns 9,240,707 shares of the company’s stock, valued at approximately $100,169,263.88. This trade represents a 0.74 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of WT. Nordea Investment Management AB raised its stake in shares of WisdomTree by 2.6% in the fourth quarter. Nordea Investment Management AB now owns 391,208 shares of the company’s stock valued at $4,100,000 after acquiring an additional 9,912 shares during the period. Principal Financial Group Inc. raised its position in WisdomTree by 26.9% in the 3rd quarter. Principal Financial Group Inc. now owns 708,842 shares of the company’s stock worth $7,081,000 after purchasing an additional 150,257 shares during the period. Franklin Resources Inc. bought a new stake in WisdomTree in the third quarter worth about $888,000. Teachers Retirement System of The State of Kentucky boosted its position in shares of WisdomTree by 589.2% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 249,249 shares of the company’s stock valued at $2,491,000 after buying an additional 213,086 shares during the period. Finally, Geode Capital Management LLC grew 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 valued at $29,117,000 after buying an additional 93,140 shares during the last quarter. 78.64% of the stock is owned by hedge funds and other institutional investors.

WisdomTree Price Performance

Shares of NYSE:WT opened at $9.73 on Friday. 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 $1.42 billion, a price-to-earnings ratio of 33.55 and a beta of 1.49. The business has a 50-day simple moving average of $11.06 and a two-hundred day simple moving average of $10.46. WisdomTree has a fifty-two week low of $6.67 and a fifty-two week high of $12.45.

WisdomTree Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were paid a $0.03 dividend. The ex-dividend date was Wednesday, November 6th. This represents a $0.12 dividend on an annualized basis and a yield of 1.23%. WisdomTree’s payout ratio 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.