Principal Financial Group Inc. Buys 150,257 Shares of WisdomTree, Inc. (NYSE:WT)

Principal Financial Group Inc. boosted its holdings in WisdomTree, Inc. (NYSE:WT - Free Report) by 26.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 708,842 shares of the company's stock after buying an additional 150,257 shares during the quarter. Principal Financial Group Inc. owned 0.49% of WisdomTree worth $7,081,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of WT. Amalgamated Bank boosted its stake in shares of WisdomTree by 2.8% in the 3rd quarter. Amalgamated Bank now owns 36,023 shares of the company's stock worth $360,000 after buying an additional 986 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in WisdomTree by 3.1% in the third quarter. Oppenheimer & Co. Inc. now owns 33,500 shares of the company's stock worth $335,000 after purchasing an additional 1,000 shares during the last quarter. Impact Partnership Wealth LLC grew its stake 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 purchasing an additional 1,108 shares during the period. Louisiana State Employees Retirement System increased its position 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 valued at $574,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its stake in shares of WisdomTree by 3.4% in the 2nd quarter. Hsbc Holdings PLC now owns 47,546 shares of the company's stock worth $467,000 after purchasing an additional 1,576 shares during the period. Institutional investors own 78.64% of the company's stock.

Insider Transactions at WisdomTree

In other news, insider Etfs Capital Limited. sold 3,000,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 12,250,000 shares in the company, valued at approximately $138,915,000. This represents a 19.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Peter M. Ziemba sold 100,000 shares of the firm's stock in a transaction on Friday, November 15th. The shares were 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 trade represents a 9.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 7.80% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Northcoast Research downgraded shares of WisdomTree from a "strong-buy" rating to a "hold" rating in a research report on Sunday, September 15th. UBS Group upped their price objective on WisdomTree from $12.00 to $14.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $12.79.

WisdomTree Price Performance

Shares of WT traded up $0.10 during trading hours on Wednesday, reaching $10.50. 1,001,963 shares of the stock traded hands, compared to its average volume of 1,338,908. The company has a market cap of $1.53 billion, a P/E ratio of 36.21 and a beta of 1.46. The company has a current ratio of 2.88, a quick ratio of 2.16 and a debt-to-equity ratio of 1.36. The company's 50-day moving average price is $11.08 and its two-hundred day moving average price is $10.45. WisdomTree, Inc. has a 52-week low of $6.57 and a 52-week high of $12.45.

WisdomTree Dividend Announcement

The firm also recently disclosed 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 was Wednesday, November 6th. This represents a $0.12 annualized dividend and a dividend yield of 1.14%. WisdomTree's payout ratio is 41.38%.

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.