WisdomTree, Inc. (NYSE:WT - Get Free Report) insider Peter M. Ziemba sold 100,000 shares of the 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 sale, the insider now owns 948,386 shares in the company, valued at approximately $10,840,051.98. This trade represents a 9.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
WisdomTree Price Performance
Shares of WisdomTree stock traded up $0.09 during midday trading on Monday, hitting $11.62. 1,572,672 shares of the company were exchanged, compared to its average volume of 1,309,078. The firm has a 50 day simple moving average of $10.22 and a 200-day simple moving average of $10.06. WisdomTree, Inc. has a 52 week low of $6.24 and a 52 week high of $12.02. The firm has a market cap of $1.70 billion, a P/E ratio of 39.76 and a beta of 1.43. 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 Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Wednesday, November 6th. WisdomTree's payout ratio is 41.38%.
Institutional Investors Weigh In On WisdomTree
A number of hedge funds have recently made changes to their positions in WT. Teachers Retirement System of The State of Kentucky grew its stake in 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 worth $2,491,000 after buying an additional 213,086 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of WisdomTree by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,914,051 shares of the company's stock worth $29,117,000 after acquiring an additional 93,140 shares in the last quarter. Barclays PLC grew its position in WisdomTree by 201.3% during the 3rd quarter. Barclays PLC now owns 268,668 shares of the company's stock worth $2,684,000 after acquiring an additional 179,493 shares during the last quarter. MML Investors Services LLC increased its stake in shares of WisdomTree by 16.9% in the third quarter. MML Investors Services LLC now owns 45,046 shares of the company's stock valued at $450,000 after buying an additional 6,497 shares in the last quarter. Finally, Main Management ETF Advisors LLC bought a new position in shares of WisdomTree in the third quarter worth about $775,000. Institutional investors and hedge funds own 78.64% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on WT shares. Craig Hallum boosted their price objective on WisdomTree from $12.00 to $15.00 and gave the company a "buy" rating in a research report on Monday, July 29th. Oppenheimer increased their price objective on shares of WisdomTree from $12.00 to $13.00 and gave the stock an "outperform" rating in a report on Monday, July 29th. Northland Securities boosted their target price on shares of WisdomTree from $12.00 to $13.50 and gave the company an "outperform" rating in a research note on Monday, July 29th. Northcoast Research lowered shares of WisdomTree from a "strong-buy" rating to a "hold" rating in a research note on Sunday, September 15th. Finally, UBS Group increased their target price on shares of WisdomTree from $12.00 to $14.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, WisdomTree currently has an average rating of "Moderate Buy" and an average target price of $12.25.
Check Out Our Latest Research Report on WT
About WisdomTree
(
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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.
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