Fmr LLC Raises Holdings in WisdomTree, Inc. (NYSE:WT)

FMR LLC raised its stake in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 390.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,859,073 shares of the company's stock after purchasing an additional 2,276,452 shares during the period. FMR LLC owned 1.96% of WisdomTree worth $28,562,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. raised its position in shares of WisdomTree by 92.5% during the 2nd quarter. Victory Capital Management Inc. now owns 1,922,414 shares of the company's stock valued at $19,051,000 after buying an additional 923,994 shares in the last quarter. Kornitzer Capital Management Inc. KS purchased a new stake in shares of WisdomTree during the 2nd quarter valued at about $5,748,000. Acadian Asset Management LLC purchased a new stake in shares of WisdomTree during the 2nd quarter valued at about $4,258,000. Marshall Wace LLP raised its position in shares of WisdomTree by 82.3% during the 2nd quarter. Marshall Wace LLP now owns 772,543 shares of the company's stock valued at $7,656,000 after buying an additional 348,850 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of WisdomTree by 51.6% during the 2nd quarter. AQR Capital Management LLC now owns 720,132 shares of the company's stock valued at $7,137,000 after buying an additional 245,041 shares in the last quarter. Institutional investors own 78.64% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Northcoast Research cut shares of WisdomTree from a "strong-buy" rating to a "hold" rating in a research report on Sunday, September 15th. UBS Group raised their price objective on shares of WisdomTree from $12.00 to $14.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, WisdomTree presently has an average rating of "Moderate Buy" and an average target price of $12.25.

WisdomTree Trading Up 2.0 %

NYSE WT traded up $0.23 during trading on Tuesday, hitting $11.45. The stock had a trading volume of 858,464 shares, compared to its average volume of 1,321,855. The company has a debt-to-equity ratio of 1.36, a quick ratio of 2.16 and a current ratio of 2.88. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 39.55 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 stock has a 50 day simple moving average of $10.82 and a 200 day simple moving average of $10.32.

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. This represents a $0.12 annualized dividend and a dividend yield of 1.05%. The ex-dividend date was Wednesday, November 6th. WisdomTree's dividend payout ratio is presently 41.38%.

Insider Activity

In other news, 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jonathan L. Steinberg purchased 67,869 shares of the firm's stock in a transaction dated Friday, November 8th. The shares were bought at an average cost of $10.84 per share, with a total value of $735,699.96. Following the purchase, the chief executive officer now directly owns 9,240,707 shares of the company's stock, valued at approximately $100,169,263.88. This represents a 0.74 % increase in their position. The disclosure for this purchase can be found here. Insiders own 7.80% of the company's stock.

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.