WisdomTree, Inc. (NYSE:WT) Stake Reduced by Geode Capital Management LLC

Geode Capital Management LLC trimmed its holdings in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,872,974 shares of the company's stock after selling 41,077 shares during the quarter. Geode Capital Management LLC owned 1.97% of WisdomTree worth $30,173,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Smartleaf Asset Management LLC grew its holdings in WisdomTree by 173.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company's stock worth $39,000 after acquiring an additional 2,405 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in WisdomTree in the fourth quarter worth about $60,000. KBC Group NV increased its holdings in WisdomTree by 48.4% in the fourth quarter. KBC Group NV now owns 7,792 shares of the company's stock valued at $82,000 after buying an additional 2,540 shares during the last quarter. Xponance Inc. acquired a new stake in WisdomTree during the fourth quarter valued at approximately $105,000. Finally, Cooper Financial Group bought a new position in WisdomTree during the 4th quarter worth approximately $111,000. Institutional investors and hedge funds own 78.64% of the company's stock.

WisdomTree Stock Performance

WT stock traded up $0.31 during mid-day trading on Tuesday, reaching $8.38. The company had a trading volume of 813,849 shares, compared to its average volume of 1,536,434. WisdomTree, Inc. has a one year low of $7.47 and a one year high of $12.45. The stock has a market capitalization of $1.23 billion, a P/E ratio of 27.02 and a beta of 1.26. The company has a quick ratio of 2.13, a current ratio of 2.92 and a debt-to-equity ratio of 1.28. The stock's 50-day simple moving average is $8.70 and its two-hundred day simple moving average is $9.88.

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

WisdomTree Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.12 annualized dividend and a dividend yield of 1.43%. WisdomTree's dividend payout ratio is presently 38.71%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group lowered their price target on WisdomTree from $9.75 to $8.50 and set a "sell" rating for the company in a report on Monday, April 14th. Keefe, Bruyette & Woods lowered their target price on shares of WisdomTree from $12.00 to $10.50 and set a "market perform" rating for the company in a research note on Tuesday, January 14th. Finally, Northcoast Research downgraded shares of WisdomTree from a "buy" rating to a "neutral" rating in a research report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $12.42.

Insider Buying and Selling

In related news, insider Alexis Marinof sold 90,980 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were 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 $2,182,711.02. This trade represents a 29.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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.