Invesco Ltd. Reduces Stake in WisdomTree, Inc. (NYSE:WT)

Invesco Ltd. cut its stake in WisdomTree, Inc. (NYSE:WT - Free Report) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,036,357 shares of the company's stock after selling 131,466 shares during the period. Invesco Ltd. owned 2.76% of WisdomTree worth $42,382,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of WT. State Street Corp lifted its holdings in WisdomTree by 7.6% in the third quarter. State Street Corp now owns 5,678,905 shares of the company's stock valued at $56,732,000 after acquiring an additional 399,839 shares during the period. Geode Capital Management LLC lifted its stake in WisdomTree by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,914,051 shares of the company's stock valued at $29,117,000 after buying an additional 93,140 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in WisdomTree by 10.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,310,899 shares of the company's stock worth $13,764,000 after buying an additional 119,762 shares during the last quarter. ExodusPoint Capital Management LP boosted its holdings in WisdomTree by 127.2% in the 4th quarter. ExodusPoint Capital Management LP now owns 1,162,993 shares of the company's stock worth $12,211,000 after buying an additional 651,121 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in WisdomTree by 157.4% during the 4th quarter. JPMorgan Chase & Co. now owns 880,489 shares of the company's stock worth $9,245,000 after buying an additional 538,385 shares in the last quarter. Hedge funds and other institutional investors own 78.64% of the company's stock.

WisdomTree Trading Up 3.8 %

WT stock traded up $0.31 during midday trading on Tuesday, hitting $8.38. 813,849 shares of the company's stock were exchanged, compared to its average volume of 1,536,434. WisdomTree, Inc. has a 1-year low of $7.47 and a 1-year high of $12.45. The company has a current ratio of 2.92, a quick ratio of 2.13 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $1.23 billion, a PE ratio of 27.02 and a beta of 1.26. The business has a 50-day simple moving average of $8.70 and a two-hundred day simple moving average of $9.88.

WisdomTree (NYSE:WT - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.02). WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. On average, sell-side analysts predict that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.12 annualized dividend and a dividend yield of 1.43%. WisdomTree's dividend payout ratio is currently 38.71%.

Insider Buying and Selling

In related news, insider Alexis Marinof sold 90,980 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $9.87, for a total transaction of $897,972.60. Following the transaction, the insider now owns 221,146 shares of the company's stock, valued at approximately $2,182,711.02. This represents a 29.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

WT has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods lowered their price target on WisdomTree from $12.00 to $10.50 and set a "market perform" rating on the stock in a research note on Tuesday, January 14th. Northcoast Research cut shares of WisdomTree from a "buy" rating to a "neutral" rating in a research note on Thursday, January 2nd. Finally, The Goldman Sachs Group dropped their target price on shares of WisdomTree from $9.75 to $8.50 and set a "sell" rating for the company in a report on Monday, April 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $12.42.

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.