Massachusetts Financial Services Co. MA Lowers Position in WisdomTree, Inc. (NYSE:WT)

Massachusetts Financial Services Co. MA decreased its holdings in WisdomTree, Inc. (NYSE:WT - Free Report) by 2.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,522,372 shares of the company's stock after selling 124,848 shares during the quarter. Massachusetts Financial Services Co. MA owned 2.98% of WisdomTree worth $45,178,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Amalgamated Bank grew its holdings in WisdomTree by 2.8% during the 3rd quarter. Amalgamated Bank now owns 36,023 shares of the company's stock worth $360,000 after acquiring an additional 986 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in WisdomTree by 3.1% during 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 period. Impact Partnership Wealth LLC raised its holdings in WisdomTree by 3.3% during the 3rd quarter. Impact Partnership Wealth LLC now owns 34,467 shares of the company's stock worth $344,000 after buying an additional 1,108 shares during the period. CWM LLC raised its holdings in WisdomTree by 85.8% during the 2nd quarter. CWM LLC now owns 2,746 shares of the company's stock worth $27,000 after buying an additional 1,268 shares during the period. Finally, Louisiana State Employees Retirement System raised its holdings in 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 buying an additional 1,300 shares during the period. Institutional investors and hedge funds own 78.64% of the company's stock.

Wall Street Analysts Forecast Growth

WT has been the topic of several research analyst reports. Keefe, Bruyette & Woods restated a "market perform" rating and set a $12.00 target price (up from $11.00) on shares of WisdomTree in a report on Monday, July 29th. Northland Securities lifted their price objective on shares of WisdomTree from $12.00 to $13.50 and gave the company an "outperform" rating in a report on Monday, July 29th. Oppenheimer lifted their price objective on shares of WisdomTree from $12.00 to $13.00 and gave the company an "outperform" rating in a report on Monday, July 29th. UBS Group lifted their price objective on shares of WisdomTree from $12.00 to $14.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Finally, Craig Hallum raised their target price on shares of WisdomTree from $12.00 to $15.00 and gave the company a "buy" rating in a research note on Monday, July 29th. 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.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $12.25.

Insider Activity at WisdomTree

In other news, insider Peter M. Ziemba sold 100,000 shares of the company's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $11.43, for a total value of $1,143,000.00. Following the completion of the transaction, the insider now owns 948,386 shares of the company's stock, valued at $10,840,051.98. This represents a 9.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jonathan L. Steinberg acquired 67,869 shares of the stock in a transaction dated Friday, November 8th. The stock was purchased 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 $100,169,263.88. This trade 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 insiders.

WisdomTree Stock Performance

WT stock traded up $0.31 during midday trading on Monday, reaching $12.31. 1,356,126 shares of the company were exchanged, compared to its average volume of 1,312,817. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.88 and a quick ratio of 2.16. The business has a 50-day moving average price of $10.46 and a two-hundred day moving average price of $10.15. WisdomTree, Inc. has a one year low of $6.24 and a one year high of $12.45. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 41.38 and a beta of 1.43.

WisdomTree Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were given a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.97%. WisdomTree's payout ratio is presently 41.38%.

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.