WisdomTree, Inc. (NYSE:WT) Receives Average Recommendation of "Moderate Buy" from Brokerages

WisdomTree, Inc. (NYSE:WT - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seven analysts that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $12.25.

Several analysts have issued reports on the stock. Northcoast Research downgraded shares of WisdomTree from a "strong-buy" rating to a "hold" rating in a research report on Sunday, September 15th. UBS Group raised their price target on shares of WisdomTree from $12.00 to $14.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd.

Insiders Place Their Bets

In other news, insider Etfs Capital Limited. sold 3,000,000 shares of WisdomTree stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $11.34, for a total value of $34,020,000.00. Following the completion of the transaction, the insider now directly owns 12,250,000 shares of the company's stock, valued at approximately $138,915,000. The trade was a 19.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jonathan L. Steinberg acquired 67,869 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were acquired 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 owns 9,240,707 shares in the company, valued at approximately $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 owned by company insiders.

Hedge Funds Weigh In On WisdomTree

Several institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. acquired a new stake in shares of WisdomTree in the 3rd quarter worth about $888,000. Teachers Retirement System of The State of Kentucky increased its stake 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 valued at $2,491,000 after purchasing an additional 213,086 shares during the period. Geode Capital Management LLC raised its holdings 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. Barclays PLC boosted its position in shares of WisdomTree by 201.3% during the third quarter. Barclays PLC now owns 268,668 shares of the company's stock worth $2,684,000 after buying an additional 179,493 shares during the period. Finally, MML Investors Services LLC grew its holdings in WisdomTree by 16.9% in the 3rd quarter. MML Investors Services LLC now owns 45,046 shares of the company's stock worth $450,000 after buying an additional 6,497 shares in the last quarter. 78.64% of the stock is owned by institutional investors.

WisdomTree Stock Down 1.4 %

Shares of NYSE WT traded down $0.16 on Monday, hitting $11.22. The company had a trading volume of 907,641 shares, compared to its average volume of 1,323,406. The firm has a market capitalization of $1.64 billion, a P/E ratio of 39.24 and a beta of 1.46. 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 has a 12-month low of $6.24 and a 12-month high of $12.45. The business has a 50 day moving average of $10.79 and a two-hundred day moving average of $10.31.

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 paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.12 dividend on an annualized basis and a yield of 1.07%. WisdomTree's dividend payout ratio (DPR) is 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.