KBC Group NV Raises Stock Holdings in WisdomTree, Inc. (NYSE:WT)

KBC Group NV boosted its stake in shares of WisdomTree, Inc. (NYSE:WT) by 48.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,792 shares of the company’s stock after acquiring an additional 2,540 shares during the quarter. KBC Group NV’s holdings in WisdomTree were worth $82,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC grew its position in WisdomTree by 76.8% in the 3rd quarter. GAMMA Investing LLC now owns 4,054 shares of the company’s stock valued at $40,000 after acquiring an additional 1,761 shares in the last quarter. Park Avenue Securities LLC acquired a new position in shares of WisdomTree in the third quarter valued at approximately $105,000. Cooper Financial Group acquired a new position in shares of WisdomTree in the fourth quarter valued at approximately $111,000. Versor Investments LP purchased a new stake in WisdomTree during the 3rd quarter worth approximately $134,000. Finally, Foundry Partners LLC lifted its holdings in WisdomTree by 15.9% during the 3rd quarter. Foundry Partners LLC now owns 13,850 shares of the company’s stock worth $138,000 after buying an additional 1,900 shares in the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. UBS Group boosted their price target on shares of WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods lowered their target price on WisdomTree from $12.00 to $10.50 and set a “market perform” rating for the company in a research note on Tuesday, January 14th. Finally, Northcoast Research lowered WisdomTree from a “buy” rating to a “neutral” rating in a research report on Thursday, January 2nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.54.

Insiders Place Their Bets

In other news, insider Etfs Capital Limited. sold 3,000,000 shares of WisdomTree stock in a transaction dated 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 sale, the insider now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alexis Marinof sold 90,980 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $9.87, for a total value 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 approximately $2,182,711.02. This trade represents a 29.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,190,980 shares of company stock valued at $36,060,973. 7.80% of the stock is owned by corporate insiders.

WisdomTree Stock Performance

NYSE:WT opened at $9.54 on Monday. WisdomTree, Inc. has a 12 month low of $6.78 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. The firm has a market capitalization of $1.39 billion, a PE ratio of 30.77 and a beta of 1.47. The business’s fifty day moving average price is $10.32 and its 200 day moving average price is $10.38.

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

WisdomTree Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be issued a dividend of $0.03 per share. The ex-dividend date is Wednesday, February 12th. This represents a $0.12 dividend on an annualized basis and a yield of 1.26%. WisdomTree’s payout ratio is currently 38.71%.

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.