Janus Henderson Group PLC Trims Stake in WisdomTree, Inc. (NYSE:WT)

Janus Henderson Group PLC lowered its holdings in WisdomTree, Inc. (NYSE:WT - Free Report) by 20.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,026,237 shares of the company's stock after selling 518,408 shares during the period. Janus Henderson Group PLC owned approximately 1.39% of WisdomTree worth $20,242,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Amalgamated Bank increased its position in shares of WisdomTree by 2.8% in the third quarter. Amalgamated Bank now owns 36,023 shares of the company's stock worth $360,000 after purchasing an additional 986 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of WisdomTree by 3.1% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 33,500 shares of the company's stock worth $335,000 after buying an additional 1,000 shares during the last quarter. Impact Partnership Wealth LLC raised its position in shares of WisdomTree by 3.3% during the 3rd quarter. Impact Partnership Wealth LLC now owns 34,467 shares of the company's stock valued at $344,000 after buying an additional 1,108 shares in the last quarter. CWM LLC raised its position in shares of WisdomTree by 85.8% during 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 in the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of WisdomTree by 2.3% during the 3rd quarter. Louisiana State Employees Retirement System now owns 57,500 shares of the company's stock worth $574,000 after acquiring an additional 1,300 shares during the last quarter. Hedge funds and other institutional investors own 78.64% of the company's stock.

WisdomTree Trading Down 0.6 %

WisdomTree stock traded down $0.07 during mid-day trading on Friday, hitting $11.38. The company's stock had a trading volume of 1,155,679 shares, compared to its average volume of 1,659,121. The business has a 50 day moving average price of $10.79 and a 200-day moving average price of $10.31. 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, Inc. has a 12 month low of $6.24 and a 12 month high of $12.45. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 39.24 and a beta of 1.46.

WisdomTree Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Wednesday, November 6th. WisdomTree's dividend payout ratio (DPR) is presently 41.38%.

Insider Activity at WisdomTree

In other news, CEO Jonathan L. Steinberg acquired 67,869 shares of the firm's stock in a transaction on Friday, November 8th. The shares were purchased at an average price of $10.84 per share, for a total transaction of $735,699.96. Following the completion of the transaction, the chief executive officer now owns 9,240,707 shares of the company's stock, valued at $100,169,263.88. The trade was a 0.74 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Etfs Capital Limited. sold 3,000,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $11.34, for a total transaction of $34,020,000.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. 7.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. UBS Group increased their target price on WisdomTree from $12.00 to $14.00 and gave the company 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $12.25.

WisdomTree Company 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.