Victory Capital Management Inc. Has $23.30 Million Position in WisdomTree, Inc. (NYSE:WT)

Victory Capital Management Inc. increased its stake in WisdomTree, Inc. (NYSE:WT - Free Report) by 21.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,332,762 shares of the company's stock after buying an additional 410,348 shares during the period. Victory Capital Management Inc. owned about 1.54% of WisdomTree worth $23,304,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. CWM LLC lifted its position in shares of WisdomTree by 85.8% in the 2nd quarter. CWM LLC now owns 2,746 shares of the company's stock worth $27,000 after buying an additional 1,268 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of WisdomTree during the 2nd quarter worth approximately $27,000. Gladius Capital Management LP acquired a new position in WisdomTree during the 2nd quarter valued at approximately $32,000. GAMMA Investing LLC grew its stake in 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 buying an additional 1,761 shares during the last quarter. Finally, Bayesian Capital Management LP bought a new stake in WisdomTree in the first quarter valued at $105,000. 78.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WT. 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. UBS Group lifted their price target on WisdomTree from $12.00 to $14.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Northland Securities increased their price objective on WisdomTree from $12.00 to $13.50 and gave the stock an "outperform" rating in a report on Monday, July 29th. Northcoast Research downgraded WisdomTree from a "strong-buy" rating to a "hold" rating in a research note on Sunday, September 15th. Finally, Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $12.00 price target (up previously from $11.00) on shares of WisdomTree in a research note on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $12.25.

Insider Activity

In related news, insider Peter M. Ziemba sold 100,000 shares of the business's stock in a transaction that occurred 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 transaction, the insider now directly owns 948,386 shares of the company's stock, valued at approximately $10,840,051.98. The trade was a 9.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jonathan L. Steinberg bought 67,869 shares of the business's stock in a transaction on Friday, November 8th. The stock was bought at an average price 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. This represents 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.

WisdomTree Price Performance

Shares of NYSE WT traded down $0.06 during mid-day trading on Tuesday, reaching $11.55. The company had a trading volume of 1,224,475 shares, compared to its average volume of 1,308,700. The company has a 50-day moving average price of $10.26 and a two-hundred day moving average price of $10.08. The stock has a market cap of $1.69 billion, a PE ratio of 39.83 and a beta of 1.43. The company has a current ratio of 2.88, a quick ratio of 2.16 and a debt-to-equity ratio of 1.36. WisdomTree, Inc. has a 1-year low of $6.24 and a 1-year high of $12.02.

WisdomTree Dividend Announcement

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 given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Wednesday, November 6th. WisdomTree's dividend payout ratio (DPR) is currently 41.38%.

About WisdomTree

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.