Wellington Management Group LLP Sells 1,367,489 Shares of WisdomTree, Inc. (NYSE:WT)

Wellington Management Group LLP reduced its stake in WisdomTree, Inc. (NYSE:WT - Free Report) by 31.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,007,206 shares of the company's stock after selling 1,367,489 shares during the period. Wellington Management Group LLP owned approximately 2.06% of WisdomTree worth $31,576,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC raised its holdings in shares of WisdomTree by 173.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company's stock valued at $39,000 after purchasing an additional 2,405 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in shares of WisdomTree during the 4th quarter valued at $60,000. KBC Group NV boosted its stake in shares of WisdomTree by 48.4% in the 4th quarter. KBC Group NV now owns 7,792 shares of the company's stock worth $82,000 after buying an additional 2,540 shares during the last quarter. Xponance Inc. bought a new stake in shares of WisdomTree in the fourth quarter worth $105,000. Finally, Cooper Financial Group purchased a new stake in WisdomTree during the fourth quarter valued at $111,000. Institutional investors own 78.64% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on WT shares. Northcoast Research downgraded WisdomTree from a "buy" rating to a "neutral" rating in a research note on Thursday, January 2nd. Keefe, Bruyette & Woods dropped their price objective on shares of WisdomTree from $12.00 to $10.50 and set a "market perform" rating on the stock in a report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, WisdomTree currently has a consensus rating of "Moderate Buy" and an average price target of $12.54.

Insider Activity

In other WisdomTree news, insider Alexis Marinof sold 90,980 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $9.87, for a total transaction of $897,972.60. Following the completion of the sale, the insider now directly owns 221,146 shares of the company's stock, valued at $2,182,711.02. This trade represents a 29.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 7.80% of the company's stock.

WisdomTree Stock Performance

Shares of WT stock traded up $0.27 during trading hours on Friday, reaching $8.22. 1,543,667 shares of the company traded hands, compared to its average volume of 1,528,436. The firm has a 50-day moving average price of $8.90 and a 200 day moving average price of $9.96. The company has a market cap of $1.21 billion, a P/E ratio of 26.50 and a beta of 1.26. WisdomTree, Inc. has a 12-month low of $7.47 and a 12-month high of $12.45. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.92 and a quick ratio of 2.13.

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

WisdomTree Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.12 dividend on an annualized basis and a yield of 1.46%. WisdomTree's dividend payout ratio is presently 38.71%.

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.