WisdomTree, Inc. (NYSE:WT) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA trimmed its holdings in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 18.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,685,098 shares of the company's stock after selling 837,274 shares during the period. Massachusetts Financial Services Co. MA owned approximately 2.52% of WisdomTree worth $38,694,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

WT has been the topic of a number of analyst reports. Keefe, Bruyette & Woods decreased their target price on shares of WisdomTree from $12.00 to $10.50 and set a "market perform" rating on the stock in a research report on Tuesday, January 14th. Northcoast Research lowered shares of WisdomTree from a "buy" rating to a "neutral" rating in a report on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $12.54.

WisdomTree Price Performance

WT stock traded down $0.56 during mid-day trading on Thursday, hitting $7.92. 383,202 shares of the stock were exchanged, compared to its average volume of 1,518,409. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 25.57 and a beta of 1.26. The business has a fifty day moving average price of $8.97 and a 200 day moving average price of $9.99. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.92 and a quick ratio of 2.13. WisdomTree, Inc. has a 12 month low of $7.47 and a 12 month high of $12.45.

WisdomTree (NYSE:WT - Get Free Report) last announced its quarterly earnings results 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%. On average, sell-side analysts anticipate that WisdomTree, Inc. will post 0.72 EPS for the current year.

WisdomTree Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.52%. The ex-dividend date was Wednesday, February 12th. WisdomTree's dividend payout ratio (DPR) is 38.71%.

Insider Activity at WisdomTree

In other news, insider Alexis Marinof sold 90,980 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $9.87, for a total value of $897,972.60. Following the transaction, the insider now owns 221,146 shares in the company, valued at $2,182,711.02. This represents a 29.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.80% of the stock is currently owned by 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.