BNP Paribas Financial Markets Sells 3,580,643 Shares of WisdomTree, Inc. (NYSE:WT)

BNP Paribas Financial Markets cut its stake in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 95.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 155,618 shares of the company's stock after selling 3,580,643 shares during the period. BNP Paribas Financial Markets owned approximately 0.11% of WisdomTree worth $1,555,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Amalgamated Bank raised its holdings in shares of WisdomTree by 2.8% during the third quarter. Amalgamated Bank now owns 36,023 shares of the company's stock worth $360,000 after acquiring an additional 986 shares during the period. Oppenheimer & Co. Inc. increased its stake in WisdomTree by 3.1% in the 3rd 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 last quarter. Impact Partnership Wealth LLC boosted 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 purchasing an additional 1,108 shares during the last quarter. CWM LLC boosted its holdings in shares of WisdomTree by 85.8% in the 2nd quarter. CWM LLC now owns 2,746 shares of the company's stock valued at $27,000 after buying an additional 1,268 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in shares of WisdomTree by 2.3% in the third quarter. Louisiana State Employees Retirement System now owns 57,500 shares of the company's stock valued at $574,000 after buying an additional 1,300 shares in the last quarter. Institutional investors and hedge funds own 78.64% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on WT shares. UBS Group lifted their price objective on shares of WisdomTree from $12.00 to $14.00 and gave the company a "buy" rating in a research report 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $12.25.

Insiders Place Their Bets

In other news, insider Etfs Capital Limited. sold 3,000,000 shares of the company's stock in a transaction that occurred on 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 sale, the insider now owns 12,250,000 shares of the company's stock, valued at approximately $138,915,000. This represents a 19.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Peter M. Ziemba sold 100,000 shares of WisdomTree stock in a transaction that occurred on 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 transaction, the insider now directly owns 948,386 shares in the company, valued at $10,840,051.98. This trade represents a 9.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 7.80% of the company's stock.

WisdomTree Stock Performance

NYSE WT traded down $0.16 during trading on Monday, reaching $11.22. The company's stock had a trading volume of 907,627 shares, compared to its average volume of 1,323,406. The firm has a 50 day moving average price of $10.79 and a 200 day moving average price of $10.31. WisdomTree, Inc. has a 12 month low of $6.24 and a 12 month high of $12.45. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 39.24 and a beta of 1.46. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend was Wednesday, November 6th. WisdomTree's dividend payout ratio is currently 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.