Bank of New York Mellon Corp Has $22.14 Million Holdings in WisdomTree, Inc. (NYSE:WT)

Bank of New York Mellon Corp lowered its holdings in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 18.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,108,768 shares of the company's stock after selling 490,769 shares during the period. Bank of New York Mellon Corp owned approximately 1.44% of WisdomTree worth $22,142,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in WT. Amalgamated Bank increased its position in shares of WisdomTree by 2.8% during the 3rd quarter. Amalgamated Bank now owns 36,023 shares of the company's stock valued at $360,000 after purchasing an additional 986 shares during the period. Oppenheimer & Co. Inc. increased its position in shares of WisdomTree by 3.1% during the 3rd 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 period. Navellier & Associates Inc. increased its position in shares of WisdomTree by 11.4% during the 4th quarter. Navellier & Associates Inc. now owns 15,226 shares of the company's stock valued at $160,000 after purchasing an additional 1,556 shares during the period. Foundry Partners LLC increased its position in shares of WisdomTree by 15.9% during the 3rd quarter. Foundry Partners LLC now owns 13,850 shares of the company's stock valued at $138,000 after purchasing an additional 1,900 shares during the period. Finally, KBC Group NV increased its position in shares of WisdomTree by 48.4% during the 4th quarter. KBC Group NV now owns 7,792 shares of the company's stock valued at $82,000 after purchasing an additional 2,540 shares during the period. Institutional investors own 78.64% of the company's stock.

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Insider Activity

In other news, insider Alexis Marinof sold 90,980 shares of WisdomTree stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $9.87, for a total transaction of $897,972.60. Following the transaction, the insider now owns 221,146 shares in the company, valued at approximately $2,182,711.02. The trade was a 29.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 7.80% of the stock is currently owned by corporate insiders.

WisdomTree Price Performance

Shares of NYSE WT traded down $0.34 during mid-day trading on Thursday, reaching $8.27. The company had a trading volume of 1,873,898 shares, compared to its average volume of 1,853,942. The company has a current ratio of 2.92, a quick ratio of 2.13 and a debt-to-equity ratio of 1.28. The stock has a market cap of $1.22 billion, a PE ratio of 26.66 and a beta of 1.53. The company has a 50-day moving average price of $9.47 and a two-hundred day moving average price of $10.18. WisdomTree, Inc. has a 1-year low of $7.96 and a 1-year high of $12.45.

WisdomTree (NYSE:WT - Get Free Report) last issued its earnings results on Friday, January 31st. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.02). WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. On average, equities analysts anticipate that WisdomTree, Inc. will post 0.72 earnings per share for the current year.

WisdomTree Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.45%. WisdomTree's dividend payout ratio is 38.71%.

Analysts Set New Price Targets

WT has been the topic of several research analyst reports. Keefe, Bruyette & Woods lowered their price target on WisdomTree from $12.00 to $10.50 and set a "market perform" rating on the stock in a research report on Tuesday, January 14th. Northcoast Research cut WisdomTree from a "buy" rating to a "neutral" rating in a research report on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $12.54.

WisdomTree Company 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.