Keefe, Bruyette & Woods Has Lowered Expectations for WisdomTree (NYSE:WT) Stock Price

WisdomTree (NYSE:WT) had its target price decreased by Keefe, Bruyette & Woods from $12.00 to $10.50 in a research report sent to investors on Tuesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

WT has been the topic of a number of other reports. Northcoast Research cut shares of WisdomTree from a “buy” rating to a “neutral” rating in a research note on Thursday, January 2nd. UBS Group upped their price objective on WisdomTree from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $12.54.

WisdomTree Price Performance

Shares of NYSE:WT opened at $9.40 on Tuesday. The company has a market capitalization of $1.37 billion, a P/E ratio of 32.41 and a beta of 1.49. The company’s 50-day moving average is $10.99 and its 200 day moving average is $10.45. The company has a debt-to-equity ratio of 1.36, a quick ratio of 2.16 and a current ratio of 2.88. WisdomTree has a fifty-two week low of $6.67 and a fifty-two week high of $12.45.

WisdomTree Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Wednesday, November 6th. WisdomTree’s dividend payout ratio (DPR) is currently 41.38%.

Insider Buying and Selling

In related news, 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 of the company’s stock, valued at approximately $10,840,051.98. This represents a 9.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 purchase, the chief executive officer now owns 9,240,707 shares in the company, valued at $100,169,263.88. This trade 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 insiders.

Institutional Trading of WisdomTree

Hedge funds and other institutional investors have recently bought and sold shares of the company. Headlands Technologies LLC purchased a new stake in shares of WisdomTree in the 2nd quarter valued at about $27,000. GAMMA Investing LLC increased its position in shares of WisdomTree by 76.8% in the third quarter. GAMMA Investing LLC now owns 4,054 shares of the company’s stock worth $40,000 after purchasing an additional 1,761 shares during the last quarter. Park Avenue Securities LLC bought a new position in shares of WisdomTree in the third quarter worth approximately $105,000. Cooper Financial Group purchased a new stake in WisdomTree in the fourth quarter valued at approximately $111,000. Finally, Benjamin Edwards Inc. bought a new stake in WisdomTree during the second quarter valued at approximately $115,000. Institutional investors own 78.64% of the company’s stock.

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.