Geode Capital Management LLC Purchases 93,140 Shares of WisdomTree, Inc. (NYSE:WT)

Geode Capital Management LLC boosted its holdings in WisdomTree, Inc. (NYSE:WT - Free Report) by 3.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,914,051 shares of the company's stock after buying an additional 93,140 shares during the period. Geode Capital Management LLC owned approximately 1.99% of WisdomTree worth $29,117,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Headlands Technologies LLC bought a new position in WisdomTree during the 2nd quarter worth approximately $27,000. GAMMA Investing LLC raised its holdings in WisdomTree by 76.8% in the third quarter. GAMMA Investing LLC now owns 4,054 shares of the company's stock worth $40,000 after purchasing an additional 1,761 shares during the period. Park Avenue Securities LLC bought a new position in shares of WisdomTree during the third quarter worth $105,000. Benjamin Edwards Inc. bought a new position in shares of WisdomTree during the second quarter worth $115,000. Finally, Foundry Partners LLC acquired a new position in shares of WisdomTree in the 2nd quarter valued at $118,000. 78.64% of the stock is owned by institutional investors.

Insider Activity at WisdomTree

In other WisdomTree news, CEO Jonathan L. Steinberg acquired 67,869 shares of WisdomTree stock in a transaction dated Friday, November 8th. The stock was bought at an average cost of $10.84 per share, for a total transaction of $735,699.96. Following the purchase, the chief executive officer now directly owns 9,240,707 shares in the company, valued at approximately $100,169,263.88. This represents a 0.74 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Etfs Capital Limited. sold 3,000,000 shares of WisdomTree 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 position. The disclosure for this sale can be found here. 7.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on WT. UBS Group raised their price objective on WisdomTree from $12.00 to $14.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Northcoast Research lowered 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 assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $12.25.

WisdomTree Stock Down 1.5 %

WT stock traded down $0.16 during trading hours on Friday, reaching $10.57. 960,304 shares of the stock were exchanged, compared to its average volume of 1,342,416. The firm's 50-day moving average is $11.09 and its 200-day moving average is $10.42. WisdomTree, Inc. has a 12 month low of $6.57 and a 12 month high of $12.45. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 36.45 and a beta of 1.46. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.88 and a quick ratio of 2.16.

WisdomTree Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were issued a dividend of $0.03 per share. The ex-dividend date was Wednesday, November 6th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.14%. WisdomTree's payout ratio is presently 41.38%.

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.