WisdomTree, Inc. $WT Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its holdings in shares of WisdomTree, Inc. (NYSE:WT) by 20.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,407,113 shares of the company’s stock after selling 2,178,846 shares during the quarter. Wellington Management Group LLP owned about 0.06% of WisdomTree worth $142,416,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in WT. Team Financial Group LLC acquired a new stake in WisdomTree in the 1st quarter valued at $29,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of WisdomTree by 163.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company’s stock worth $30,000 after purchasing an additional 1,521 shares in the last quarter. Quarry LP lifted its stake in shares of WisdomTree by 1,679.0% during the third quarter. Quarry LP now owns 2,206 shares of the company’s stock worth $31,000 after purchasing an additional 2,082 shares in the last quarter. Quattro Advisors LLC purchased a new stake in shares of WisdomTree in the fourth quarter worth about $31,000. Finally, Hantz Financial Services Inc. boosted its position in shares of WisdomTree by 84.1% in the fourth quarter. Hantz Financial Services Inc. now owns 2,929 shares of the company’s stock worth $36,000 after buying an additional 1,338 shares during the period. Institutional investors and hedge funds own 78.64% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Morgan Stanley set a $21.00 target price on WisdomTree in a report on Wednesday, July 29th. Oppenheimer upped their price target on WisdomTree from $22.00 to $27.00 and gave the stock an “outperform” rating in a report on Wednesday, August 26th. Wall Street Zen raised shares of WisdomTree from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Zacks Research lowered shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Finally, The Goldman Sachs Group boosted their target price on shares of WisdomTree from $16.40 to $18.30 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, WisdomTree presently has an average rating of “Moderate Buy” and a consensus price target of $23.66.

WisdomTree Price Performance

Shares of NYSE WT opened at $24.12 on Tuesday. The company has a quick ratio of 2.73, a current ratio of 3.00 and a debt-to-equity ratio of 2.53. WisdomTree, Inc. has a fifty-two week low of $10.69 and a fifty-two week high of $25.89. The business has a 50 day moving average price of $20.58 and a two-hundred day moving average price of $18.26. The firm has a market cap of $3.65 billion, a PE ratio of 46.39 and a beta of 1.17.

WisdomTree (NYSE:WT) last released its earnings results on Friday, July 31st. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.26 by $0.05. WisdomTree had a return on equity of 39.12% and a net margin of 13.27%.The company had revenue of $177.16 million during the quarter, compared to analysts’ expectations of $170.62 million. During the same period in the prior year, the business posted $0.18 EPS. The business’s revenue was up 57.3% on a year-over-year basis. Sell-side analysts expect that WisdomTree, Inc. will post 1.19 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th were issued a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $0.12 annualized dividend and a yield of 0.5%. WisdomTree’s dividend payout ratio is currently 23.08%.

WisdomTree Company Profile

WisdomTree Investments, Inc (NYSE: WT) is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.