Sheaff Brock Investment Advisors LLC Invests $385,000 in WisdomTree, Inc. (NYSE:WT)

Sheaff Brock Investment Advisors LLC purchased a new position in WisdomTree, Inc. (NYSE:WT) in the third quarter, Holdings Channel.com reports. The firm purchased 38,547 shares of the company’s stock, valued at approximately $385,000.

Other large investors have also recently made changes to their positions in the company. Amalgamated Bank grew its position in WisdomTree by 2.8% during the third quarter. Amalgamated Bank now owns 36,023 shares of the company’s stock valued at $360,000 after buying an additional 986 shares during the period. Oppenheimer & Co. Inc. grew its position in WisdomTree by 3.1% during the third quarter. Oppenheimer & Co. Inc. now owns 33,500 shares of the company’s stock valued at $335,000 after buying an additional 1,000 shares during the period. Impact Partnership Wealth LLC grew 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 valued at $344,000 after buying an additional 1,108 shares during the period. Texas Permanent School Fund Corp lifted its holdings in WisdomTree by 1.3% during the first 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 lifted its holdings in 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 purchasing an additional 1,268 shares in the last quarter. 78.64% of the stock is currently owned by institutional investors.

Insider Transactions at WisdomTree

In other WisdomTree news, CEO Jonathan L. Steinberg acquired 67,869 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was bought 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 in the company, valued at $100,169,263.88. The trade was a 0.74 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.80% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on WT. 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 company a “buy” rating in a research note on Monday, July 29th. UBS Group upped their price target on shares of WisdomTree from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $12.00 price target (up previously from $11.00) on shares of WisdomTree in a research note on Monday, July 29th. Finally, Northland Securities upped their price target on shares of WisdomTree from $12.00 to $13.50 and gave the company an “outperform” rating in a research note on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.25.

WisdomTree Trading Up 0.6 %

WT stock opened at $11.54 on Friday. 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, Inc. has a twelve month low of $6.24 and a twelve month high of $12.02. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 39.78 and a beta of 1.43. The firm’s fifty day simple moving average is $10.22 and its two-hundred day simple moving average is $10.05.

WisdomTree Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Wednesday, November 6th. WisdomTree’s payout ratio is presently 41.38%.

WisdomTree 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.