Wellington Management Group LLP Decreases Position in WisdomTree, Inc. (NYSE:WT)

Wellington Management Group LLP lowered its position in WisdomTree, Inc. (NYSE:WT - Free Report) by 25.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,374,695 shares of the company's stock after selling 1,518,479 shares during the period. Wellington Management Group LLP owned about 2.99% of WisdomTree worth $43,703,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Azora Capital LP grew its position in shares of WisdomTree by 12.1% during the 3rd quarter. Azora Capital LP now owns 10,609,577 shares of the company's stock valued at $105,990,000 after acquiring an additional 1,142,151 shares during the period. State Street Corp grew its holdings in WisdomTree by 7.6% during the third quarter. State Street Corp now owns 5,678,905 shares of the company's stock valued at $56,732,000 after purchasing an additional 399,839 shares during the period. Bank of New York Mellon Corp grew its holdings in WisdomTree by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 3,042,815 shares of the company's stock valued at $30,154,000 after purchasing an additional 25,759 shares during the period. FMR LLC grew its holdings in WisdomTree by 390.7% during the third quarter. FMR LLC now owns 2,859,073 shares of the company's stock valued at $28,562,000 after purchasing an additional 2,276,452 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in WisdomTree by 21.3% during the third quarter. Victory Capital Management Inc. now owns 2,332,762 shares of the company's stock valued at $23,304,000 after purchasing an additional 410,348 shares during the period. Hedge funds and other institutional investors own 78.64% of the company's stock.

Insider Transactions at WisdomTree

In related 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 of the company's stock, valued at approximately $138,915,000. This represents a 19.67 % decrease in their ownership of the stock. The sale was disclosed in a 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 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 transaction, the insider now directly owns 948,386 shares of the company's stock, valued at approximately $10,840,051.98. The trade was 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 Upgrades and Downgrades

WT has been the subject of several recent research reports. UBS Group boosted their price target on WisdomTree from $12.00 to $14.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Northcoast Research lowered WisdomTree from a "strong-buy" rating to a "hold" rating in a report on Sunday, September 15th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, WisdomTree currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.25.

WisdomTree Price Performance

Shares of NYSE WT traded up $0.01 during mid-day trading on Thursday, reaching $11.61. The company's stock had a trading volume of 373,407 shares, compared to its average volume of 1,320,333. The firm has a market capitalization of $1.70 billion, a PE ratio of 40.07 and a beta of 1.46. 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 stock has a fifty day moving average of $10.88 and a two-hundred day moving average of $10.34. WisdomTree, Inc. has a 52 week low of $6.24 and a 52 week high of $12.45.

WisdomTree Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Wednesday, November 6th. WisdomTree's dividend payout ratio (DPR) is 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.