JPMorgan Chase & Co. Decreases Stock Position in WisdomTree, Inc. (NYSE:WT)

JPMorgan Chase & Co. reduced its stake in WisdomTree, Inc. (NYSE:WT - Free Report) by 48.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 342,104 shares of the company's stock after selling 318,090 shares during the period. JPMorgan Chase & Co. owned 0.23% of WisdomTree worth $3,418,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. American Century Companies Inc. lifted its position in WisdomTree by 24.9% during the second quarter. American Century Companies Inc. now owns 231,482 shares of the company's stock valued at $2,294,000 after buying an additional 46,090 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in shares of WisdomTree in the 2nd quarter worth about $140,000. Hsbc Holdings PLC lifted its position in WisdomTree by 3.4% during the 2nd quarter. Hsbc Holdings PLC now owns 47,546 shares of the company's stock valued at $467,000 after acquiring an additional 1,576 shares during the period. Benjamin Edwards Inc. bought a new stake in WisdomTree during the second quarter worth about $115,000. Finally, Sei Investments Co. purchased a new stake in WisdomTree in the second quarter worth about $1,780,000. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

WisdomTree Trading Up 0.1 %

Shares of WisdomTree stock opened at $9.62 on Friday. 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 company has a fifty day moving average of $10.90 and a 200 day moving average of $10.44. The company has a market capitalization of $1.40 billion, a P/E ratio of 33.16 and a beta of 1.49. WisdomTree, Inc. has a fifty-two week low of $6.67 and a fifty-two week high of $12.45.

WisdomTree Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Wednesday, November 6th. WisdomTree's dividend payout ratio is currently 41.38%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods dropped their price target on WisdomTree from $12.00 to $10.50 and set a "market perform" rating on the stock in a research report on Tuesday, January 14th. UBS Group boosted their target price on WisdomTree from $12.00 to $14.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Finally, Northcoast Research downgraded WisdomTree from a "buy" rating to a "neutral" rating in a report on Thursday, January 2nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $12.54.

Insider Activity at WisdomTree

In related news, insider Peter M. Ziemba sold 100,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $11.43, for a total transaction of $1,143,000.00. Following the completion of the transaction, the insider now directly owns 948,386 shares of the company's stock, valued at approximately $10,840,051.98. This represents a 9.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jonathan L. Steinberg purchased 67,869 shares of the business's stock in a transaction on Friday, November 8th. The shares were purchased at an average price of $10.84 per share, with a total value of $735,699.96. Following the acquisition, the chief executive officer now directly owns 9,240,707 shares in the company, valued at $100,169,263.88. This represents a 0.74 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 7.80% of the stock is owned by corporate insiders.

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.