Keefe, Bruyette & Woods Issues Pessimistic Forecast for WisdomTree (NYSE:WT) Stock Price

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

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

WisdomTree Stock Performance

Shares of WT opened at $9.64 on Tuesday. 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 52-week low of $6.67 and a 52-week high of $12.45. The company has a 50-day simple moving average of $10.95 and a 200-day simple moving average of $10.44. The company has a market capitalization of $1.41 billion, a PE ratio of 33.23 and a beta of 1.49.

WisdomTree Dividend Announcement

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. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.12 annualized dividend and a dividend yield of 1.25%. WisdomTree’s dividend payout ratio is presently 41.38%.

Insider Transactions at WisdomTree

In related news, CEO Jonathan L. Steinberg acquired 67,869 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were acquired at an average price 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 in the company, valued at approximately $100,169,263.88. The trade was a 0.74 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Etfs Capital Limited. sold 3,000,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $11.34, for a total transaction 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 $138,915,000. The trade was a 19.67 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On WisdomTree

Several institutional investors and hedge funds have recently modified their holdings of WT. Amalgamated Bank lifted its stake in shares of WisdomTree by 2.8% during the 3rd quarter. Amalgamated Bank now owns 36,023 shares of the company’s stock worth $360,000 after purchasing an additional 986 shares during the period. Oppenheimer & Co. Inc. increased its stake in WisdomTree by 3.1% in the third 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 WisdomTree by 3.3% during the third quarter. Impact Partnership Wealth LLC now owns 34,467 shares of the company’s stock worth $344,000 after buying an additional 1,108 shares during the period. Louisiana State Employees Retirement System boosted its stake in WisdomTree by 2.3% in the 3rd quarter. Louisiana State Employees Retirement System now owns 57,500 shares of the company’s stock worth $574,000 after buying an additional 1,300 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in WisdomTree by 3.4% in the 2nd quarter. Hsbc Holdings PLC now owns 47,546 shares of the company’s stock valued at $467,000 after buying an additional 1,576 shares during the period. Hedge funds and other 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.