State Street Corp Grows Stock Holdings in WisdomTree, Inc. (NYSE:WT)

State Street Corp raised its position in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 7.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,678,905 shares of the company's stock after purchasing an additional 399,839 shares during the period. State Street Corp owned approximately 3.89% of WisdomTree worth $56,732,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC lifted its stake in shares of WisdomTree by 390.7% in the 3rd quarter. FMR LLC now owns 2,859,073 shares of the company's stock valued at $28,562,000 after acquiring an additional 2,276,452 shares during the last quarter. Azora Capital LP boosted its stake in shares of WisdomTree by 12.1% during the third quarter. Azora Capital LP now owns 10,609,577 shares of the company's stock valued at $105,990,000 after purchasing an additional 1,142,151 shares during the period. Victory Capital Management Inc. grew its holdings in shares of WisdomTree by 92.5% in the second quarter. Victory Capital Management Inc. now owns 1,922,414 shares of the company's stock worth $19,051,000 after purchasing an additional 923,994 shares during the last quarter. Kornitzer Capital Management Inc. KS purchased a new position in shares of WisdomTree in the second quarter worth $5,748,000. Finally, Acadian Asset Management LLC purchased a new position in shares of WisdomTree in the second quarter worth $4,258,000. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

WisdomTree Stock Down 0.9 %

Shares of WT traded down $0.10 on Thursday, reaching $10.50. The stock had a trading volume of 1,756,497 shares, compared to its average volume of 1,340,216. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 36.21 and a beta of 1.46. The company has a 50-day simple moving average of $11.04 and a 200-day simple moving average of $10.39. WisdomTree, Inc. has a 12-month low of $6.55 and a 12-month high of $12.45. 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Wednesday, November 6th. WisdomTree's dividend payout ratio (DPR) is presently 41.38%.

Insider Transactions at WisdomTree

In related news, insider Peter M. Ziemba sold 100,000 shares of the business's stock in a transaction that occurred on Friday, November 15th. The shares were 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 directly owns 948,386 shares in the company, valued at $10,840,051.98. The trade was a 9.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Etfs Capital Limited. sold 3,000,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $11.34, for a total value of $34,020,000.00. Following the sale, the insider now owns 12,250,000 shares in the company, valued at approximately $138,915,000. This represents a 19.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 7.80% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on WT. UBS Group boosted their price objective on shares of WisdomTree from $12.00 to $14.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Northcoast Research lowered WisdomTree from a "strong-buy" rating to a "hold" rating in a research report on Sunday, September 15th. Three 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, WisdomTree has a consensus rating of "Moderate Buy" and an average target price of $12.25.

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.