Analysts Set WisdomTree, Inc. (NYSE:WT) Target Price at $12.25

WisdomTree, Inc. (NYSE:WT - Get Free Report) has earned a consensus rating of "Moderate Buy" from the seven ratings firms that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $12.25.

A number of brokerages have issued reports on WT. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $12.00 target price (up previously from $11.00) on shares of WisdomTree in a report on Monday, July 29th. Northland Securities increased their price target on shares of WisdomTree from $12.00 to $13.50 and gave the stock an "outperform" rating in a report on Monday, July 29th. Northcoast Research downgraded shares of WisdomTree from a "strong-buy" rating to a "hold" rating in a report on Sunday, September 15th. Craig Hallum upped their price target on shares of WisdomTree from $12.00 to $15.00 and gave the stock a "buy" rating in a report on Monday, July 29th. Finally, Oppenheimer lifted their price objective on WisdomTree from $12.00 to $13.00 and gave the company an "outperform" rating in a research note on Monday, July 29th.

Insider Buying and Selling

In other WisdomTree news, CEO Jonathan L. Steinberg purchased 67,869 shares of the stock in a transaction on Friday, November 8th. The stock was acquired at an average cost of $10.84 per share, with a total value of $735,699.96. Following the completion of the purchase, the chief executive officer now directly 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 position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Amalgamated Bank increased its position in shares of WisdomTree by 2.8% in the third quarter. Amalgamated Bank now owns 36,023 shares of the company's stock valued at $360,000 after acquiring an additional 986 shares during the period. Oppenheimer & Co. Inc. raised its position in WisdomTree by 3.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 33,500 shares of the company's stock valued at $335,000 after purchasing an additional 1,000 shares during the last quarter. Impact Partnership Wealth LLC lifted its position in shares of WisdomTree by 3.3% in the 3rd quarter. Impact Partnership Wealth LLC now owns 34,467 shares of the company's stock worth $344,000 after purchasing an additional 1,108 shares during the period. Texas Permanent School Fund Corp boosted its stake in shares of WisdomTree by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 96,638 shares of the company's stock valued at $888,000 after purchasing an additional 1,247 shares in the last quarter. Finally, CWM LLC increased its position in shares of WisdomTree by 85.8% during the second quarter. CWM LLC now owns 2,746 shares of the company's stock valued at $27,000 after buying an additional 1,268 shares during the period. Hedge funds and other institutional investors own 78.64% of the company's stock.

WisdomTree Stock Performance

NYSE:WT traded up $0.14 on Thursday, reaching $11.47. 1,291,693 shares of the company's stock were exchanged, compared to its average volume of 1,307,190. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 39.55 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. The stock has a fifty day simple moving average of $10.18 and a 200-day simple moving average of $10.03. WisdomTree has a 52 week low of $6.24 and a 52 week high of $12.02.

WisdomTree Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.12 dividend on an annualized basis and a yield of 1.05%. WisdomTree's payout ratio 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.