Jonathan L. Steinberg Purchases 67,869 Shares of WisdomTree, Inc. (NYSE:WT) Stock

WisdomTree, Inc. (NYSE:WT) CEO Jonathan L. Steinberg purchased 67,869 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were bought at an average price of $10.84 per share, for a total transaction of $735,699.96. Following the completion of the transaction, the chief executive officer now directly owns 9,240,707 shares in the company, valued at approximately $100,169,263.88. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

WisdomTree Price Performance

NYSE:WT opened at $11.33 on Thursday. The company has a quick ratio of 2.16, a current ratio of 2.88 and a debt-to-equity ratio of 1.36. The business’s 50-day moving average price is $10.14 and its 200 day moving average price is $10.02. WisdomTree, Inc. has a 52-week low of $6.24 and a 52-week high of $12.02. The firm has a market cap of $1.66 billion, a P/E ratio of 39.07 and a beta of 1.43.

WisdomTree Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be issued a $0.03 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.06%. WisdomTree’s payout ratio is currently 41.38%.

Institutional Trading of WisdomTree

Large investors have recently added to or reduced their stakes in the business. FMR LLC lifted its position in shares of WisdomTree by 390.7% during the 3rd quarter. FMR LLC now owns 2,859,073 shares of the company’s stock valued at $28,562,000 after acquiring an additional 2,276,452 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of WisdomTree by 92.5% during the second quarter. Victory Capital Management Inc. now owns 1,922,414 shares of the company’s stock valued at $19,051,000 after purchasing an additional 923,994 shares during the last quarter. Kornitzer Capital Management Inc. KS acquired a new position in shares of WisdomTree in the 2nd quarter valued at $5,748,000. Acadian Asset Management LLC acquired a new position in shares of WisdomTree in the 2nd quarter valued at $4,258,000. Finally, Marshall Wace LLP boosted its position in shares of WisdomTree by 82.3% in the 2nd quarter. Marshall Wace LLP now owns 772,543 shares of the company’s stock valued at $7,656,000 after purchasing an additional 348,850 shares during the period. 78.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on WT shares. Northland Securities increased their price target on WisdomTree from $12.00 to $13.50 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Craig Hallum increased their price objective on WisdomTree from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Northcoast Research lowered WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 15th. UBS Group increased their price objective on WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, Oppenheimer increased their price objective on WisdomTree from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.25.

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.