State Street Corp Acquires 399,839 Shares of WisdomTree, Inc. (NYSE:WT)

State Street Corp lifted its holdings in shares of WisdomTree, Inc. (NYSE:WT) by 7.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,678,905 shares of the company’s stock after purchasing an additional 399,839 shares during the period. State Street Corp’s holdings in WisdomTree were worth $56,732,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in WT. Headlands Technologies LLC purchased a new position in WisdomTree in the second quarter valued at about $27,000. CWM LLC raised its holdings in shares of WisdomTree by 85.8% in the 2nd quarter. CWM LLC now owns 2,746 shares of the company’s stock worth $27,000 after purchasing an additional 1,268 shares during the period. GAMMA Investing LLC lifted its stake in WisdomTree by 76.8% in the third quarter. GAMMA Investing LLC now owns 4,054 shares of the company’s stock valued at $40,000 after purchasing an additional 1,761 shares during the last quarter. Park Avenue Securities LLC bought a new position in WisdomTree during the third quarter valued at $105,000. Finally, Benjamin Edwards Inc. purchased a new stake in WisdomTree in the second quarter worth $115,000. Institutional investors own 78.64% of the company’s stock.

WisdomTree Trading Down 4.3 %

NYSE:WT opened at $10.60 on Thursday. The firm has a market capitalization of $1.55 billion, a P/E ratio of 36.55 and a beta of 1.46. The company has a quick ratio of 2.16, a current ratio of 2.88 and a debt-to-equity ratio of 1.36. The company has a fifty day moving average of $11.02 and a 200 day moving average of $10.39. WisdomTree, Inc. has a 52 week low of $6.45 and a 52 week high of $12.45.

WisdomTree Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were paid a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.12 annualized dividend and a dividend yield of 1.13%. WisdomTree’s payout ratio is presently 41.38%.

Insider Buying and Selling

In related news, CEO Jonathan L. Steinberg purchased 67,869 shares of WisdomTree stock in a transaction that occurred on Friday, November 8th. The shares were bought at an average price of $10.84 per share, for a total transaction of $735,699.96. Following the completion of the transaction, the chief executive officer now directly owns 9,240,707 shares of the company’s stock, valued at $100,169,263.88. This represents a 0.74 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Etfs Capital Limited. sold 3,000,000 shares of WisdomTree stock in a transaction that occurred 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 directly owns 12,250,000 shares in the company, valued at approximately $138,915,000. The trade was a 19.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on WT shares. UBS Group upped their price objective on shares of WisdomTree from $12.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Northcoast Research downgraded shares of 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 company. According to MarketBeat.com, WisdomTree currently has a consensus rating of “Moderate Buy” and an average target price of $12.25.

WisdomTree 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.