XTX Topco Ltd Acquires New Shares in WisdomTree, Inc. (NYSE:WT)

XTX Topco Ltd bought a new stake in WisdomTree, Inc. (NYSE:WT - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 72,073 shares of the company's stock, valued at approximately $720,000.

Other large investors also recently modified their holdings of the company. Azora Capital LP grew its stake in shares of WisdomTree by 12.1% during the third quarter. Azora Capital LP now owns 10,609,577 shares of the company's stock worth $105,990,000 after purchasing an additional 1,142,151 shares in the last quarter. State Street Corp boosted its position in shares of WisdomTree by 7.6% during the 3rd quarter. State Street Corp now owns 5,678,905 shares of the company's stock worth $56,732,000 after acquiring an additional 399,839 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of WisdomTree by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,042,815 shares of the company's stock valued at $30,154,000 after acquiring an additional 25,759 shares during the last quarter. FMR LLC raised 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 worth $28,562,000 after acquiring an additional 2,276,452 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in WisdomTree by 21.3% during the third quarter. Victory Capital Management Inc. now owns 2,332,762 shares of the company's stock worth $23,304,000 after purchasing an additional 410,348 shares during the last quarter. 78.64% of the stock is owned by hedge funds and other institutional investors.

WisdomTree Stock Performance

WT stock traded down $0.06 on Thursday, hitting $11.54. The company's stock had a trading volume of 849,485 shares, compared to its average volume of 1,322,386. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 40.07 and a beta of 1.46. The firm has a 50 day moving average of $10.88 and a two-hundred day moving average of $10.34. 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 $12.45.

WisdomTree Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were issued a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.04%. WisdomTree's payout ratio is 41.38%.

Insider Transactions at WisdomTree

In other news, CEO Jonathan L. Steinberg bought 67,869 shares of the stock in a transaction dated 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 acquisition, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Peter M. Ziemba sold 100,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the insider now 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 position. The disclosure for this sale can be found here. Insiders own 7.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WT. UBS Group increased 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. Northcoast Research lowered shares of WisdomTree from a "strong-buy" rating to a "hold" rating in a research note on Sunday, September 15th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, WisdomTree currently has a consensus rating of "Moderate Buy" and an average price target 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.