BNP Paribas Financial Markets Decreases Stock Position in WisdomTree, Inc. (NYSE:WT)

BNP Paribas Financial Markets lessened its position in shares of WisdomTree, Inc. (NYSE:WT) by 95.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 155,618 shares of the company’s stock after selling 3,580,643 shares during the quarter. BNP Paribas Financial Markets owned 0.11% of WisdomTree worth $1,555,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC grew its position in shares of WisdomTree by 390.7% during the 3rd quarter. FMR LLC now owns 2,859,073 shares of the company’s stock valued at $28,562,000 after acquiring an additional 2,276,452 shares during the period. Victory Capital Management Inc. raised its stake in WisdomTree by 92.5% in the 2nd quarter. Victory Capital Management Inc. now owns 1,922,414 shares of the company’s stock valued at $19,051,000 after purchasing an additional 923,994 shares during the last quarter. Kornitzer Capital Management Inc. KS purchased a new position in WisdomTree in the 2nd quarter valued at $5,748,000. Acadian Asset Management LLC acquired a new stake in WisdomTree during the 2nd quarter worth $4,258,000. Finally, Marshall Wace LLP grew its holdings in shares of WisdomTree by 82.3% during the second quarter. Marshall Wace LLP now owns 772,543 shares of the company’s stock worth $7,656,000 after buying an additional 348,850 shares in the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

Insider Activity

In other WisdomTree news, insider Etfs Capital Limited. sold 3,000,000 shares of WisdomTree stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $11.34, for a total value of $34,020,000.00. Following the transaction, the insider now directly owns 12,250,000 shares in the company, valued at approximately $138,915,000. This trade represents a 19.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jonathan L. Steinberg purchased 67,869 shares of WisdomTree stock in a transaction dated Friday, November 8th. The stock was acquired at an average cost of $10.84 per share, with a total value of $735,699.96. Following the completion of the acquisition, the chief executive officer now directly owns 9,240,707 shares in the company, valued at approximately $100,169,263.88. This trade represents a 0.74 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 7.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in 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 report on Tuesday, October 22nd. Northcoast Research cut shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 15th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $12.25.

WisdomTree Trading Down 0.6 %

NYSE WT opened at $11.38 on Monday. WisdomTree, Inc. has a 12 month low of $6.24 and a 12 month high of $12.45. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 39.24 and a beta of 1.46. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.88 and a quick ratio of 2.16. The firm’s fifty day moving average price is $10.79 and its 200 day moving average price is $10.31.

WisdomTree Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date was Wednesday, November 6th. WisdomTree’s dividend payout ratio (DPR) is currently 41.38%.

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.