WisdomTree, Inc. (NYSE:WT) Shares Bought by Stifel Financial Corp

Stifel Financial Corp raised its stake in WisdomTree, Inc. (NYSE:WT - Free Report) by 145.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,008 shares of the company's stock after purchasing an additional 46,822 shares during the period. Stifel Financial Corp owned about 0.05% of WisdomTree worth $789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of WT. Headlands Technologies LLC acquired a new position in shares of WisdomTree during the second quarter worth $27,000. GAMMA Investing LLC boosted its position in shares of WisdomTree by 76.8% during the 3rd quarter. GAMMA Investing LLC now owns 4,054 shares of the company's stock worth $40,000 after acquiring an additional 1,761 shares in the last quarter. Park Avenue Securities LLC acquired a new position in shares of WisdomTree during the 3rd quarter worth about $105,000. Benjamin Edwards Inc. purchased a new position in shares of WisdomTree in the 2nd quarter valued at about $115,000. Finally, JGP Wealth Management LLC acquired a new stake in shares of WisdomTree during the 3rd quarter worth about $118,000. Institutional investors and hedge funds own 78.64% of the company's stock.

Analysts Set New Price Targets

WT has been the subject of a number of research reports. UBS Group boosted their price target 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. Northcoast Research downgraded 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 issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $12.25.

Insider Activity at WisdomTree

In related news, insider Peter M. Ziemba sold 100,000 shares of WisdomTree 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 completion of 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 SEC, which can be accessed through this hyperlink. Also, CEO Jonathan L. Steinberg bought 67,869 shares of the business's stock in a transaction that occurred on Friday, November 8th. The stock was purchased at an average cost of $10.84 per share, with a total value of $735,699.96. Following the purchase, the chief executive officer now directly owns 9,240,707 shares in the company, valued at $100,169,263.88. The trade was a 0.74 % increase in their position. The disclosure for this purchase can be found here. 7.80% of the stock is owned by corporate insiders.

WisdomTree Price Performance

WisdomTree stock traded up $0.19 during mid-day trading on Wednesday, reaching $10.69. The company had a trading volume of 534,123 shares, compared to its average volume of 1,347,117. The stock's 50-day simple moving average is $11.08 and its 200-day simple moving average is $10.42. The company has a market capitalization of $1.56 billion, a P/E ratio of 36.86 and a beta of 1.46. 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, Inc. has a 1 year low of $6.57 and a 1 year high of $12.45.

WisdomTree Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors 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 1.12%. WisdomTree's dividend payout ratio is presently 41.38%.

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.