WisdomTree, Inc. (NYSE:WT) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. increased its position in WisdomTree, Inc. (NYSE:WT - Free Report) by 26.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 708,842 shares of the company's stock after acquiring an additional 150,257 shares during the quarter. Principal Financial Group Inc. owned about 0.47% of WisdomTree worth $7,081,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. ProShare Advisors LLC grew its holdings in WisdomTree by 7.6% in the 1st quarter. ProShare Advisors LLC now owns 27,223 shares of the company's stock worth $250,000 after acquiring an additional 1,920 shares during the last quarter. UniSuper Management Pty Ltd purchased a new position in WisdomTree during the 1st quarter valued at about $423,000. Price T Rowe Associates Inc. MD raised its position in WisdomTree by 7.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 628,393 shares of the company's stock valued at $5,776,000 after purchasing an additional 41,119 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in WisdomTree in the 1st quarter worth approximately $105,000. Finally, Kennedy Capital Management LLC increased its stake in shares of WisdomTree by 3.7% during the first quarter. Kennedy Capital Management LLC now owns 38,857 shares of the company's stock valued at $357,000 after buying an additional 1,383 shares during the period. Hedge funds and other institutional investors own 78.64% of the company's stock.

Wall Street Analyst Weigh In

WT has been the subject of a number of research analyst reports. UBS Group raised 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. Northland Securities lifted their price target on shares of WisdomTree from $12.00 to $13.50 and gave the stock an "outperform" rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $12.00 price objective (up from $11.00) on shares of WisdomTree in a research report on Monday, July 29th. Oppenheimer boosted their target price on shares of WisdomTree from $12.00 to $13.00 and gave the stock an "outperform" rating in a report on Monday, July 29th. Finally, Craig Hallum increased their price target on shares of WisdomTree from $12.00 to $15.00 and gave the company a "buy" rating in a report on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $12.25.

WisdomTree Price Performance

Shares of WT stock traded up $0.17 on Wednesday, reaching $11.73. 1,156,177 shares of the company were exchanged, compared to its average volume of 1,308,022. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 39.83 and a beta of 1.43. WisdomTree, Inc. has a 1 year low of $6.24 and a 1 year high of $12.02. The business has a 50-day moving average price of $10.31 and a 200 day moving average price of $10.10. The company has a debt-to-equity ratio of 1.36, a quick ratio of 2.16 and a current ratio of 2.88.

WisdomTree Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Wednesday, November 6th. WisdomTree's dividend payout ratio is presently 41.38%.

Insiders Place Their Bets

In other WisdomTree news, CEO Jonathan L. Steinberg bought 67,869 shares of the stock in a transaction dated Friday, November 8th. The shares were acquired at an average cost 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 in the company, valued at approximately $100,169,263.88. The trade was a 0.74 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Peter M. Ziemba sold 100,000 shares of the stock in a transaction 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 sale, the insider now owns 948,386 shares of the company's stock, valued at approximately $10,840,051.98. This represents a 9.54 % decrease in their position. The disclosure for this sale can be found here. 7.80% of the stock is currently owned by corporate insiders.

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.