Charles Schwab Investment Management Inc. Has $11.90 Million Stake in WisdomTree, Inc. (NYSE:WT)

Charles Schwab Investment Management Inc. increased its position in WisdomTree, Inc. (NYSE:WT - Free Report) by 6.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,191,137 shares of the company's stock after purchasing an additional 72,376 shares during the period. Charles Schwab Investment Management Inc. owned about 0.78% of WisdomTree worth $11,899,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WT. Foundry Partners LLC boosted its position in WisdomTree by 15.9% during the 3rd quarter. Foundry Partners LLC now owns 13,850 shares of the company's stock worth $138,000 after acquiring an additional 1,900 shares during the period. Intech Investment Management LLC purchased a new stake in shares of WisdomTree in the third quarter worth approximately $345,000. Quest Partners LLC acquired a new stake in shares of WisdomTree during the third quarter worth approximately $377,000. Sheaff Brock Investment Advisors LLC acquired a new stake in shares of WisdomTree during the third quarter worth approximately $385,000. Finally, 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 purchasing an additional 1,000 shares in the last quarter. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Jonathan L. Steinberg bought 67,869 shares of the business's stock in a transaction on Friday, November 8th. The stock was purchased at an average price of $10.84 per share, with a total value of $735,699.96. Following the transaction, 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 SEC, which is accessible through the SEC website. Also, insider Etfs Capital Limited. sold 3,000,000 shares of the firm's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $11.34, for a total value of $34,020,000.00. Following the completion of the sale, the insider now directly owns 12,250,000 shares in the company, valued at approximately $138,915,000. This represents a 19.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. UBS Group lifted their target price 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 cut WisdomTree from a "strong-buy" rating to a "hold" rating in a research report on Sunday, September 15th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $12.25.

WisdomTree Stock Down 1.4 %

NYSE:WT traded down $0.16 during trading hours 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 company has a debt-to-equity ratio of 1.36, a current ratio of 2.88 and a quick ratio of 2.16. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 39.24 and a beta of 1.46. WisdomTree, Inc. has a one year low of $6.24 and a one year high of $12.45. The business's 50-day moving average is $10.79 and its 200-day moving average is $10.31.

WisdomTree Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were paid a dividend of $0.03 per share. The ex-dividend date was Wednesday, November 6th. This represents a $0.12 annualized dividend and a dividend yield of 1.07%. WisdomTree's dividend payout ratio (DPR) 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.