Charles Schwab Investment Management Inc. Has $11.90 Million Stock Position in WisdomTree, Inc. (NYSE:WT)

Charles Schwab Investment Management Inc. boosted its stake in shares of WisdomTree, Inc. (NYSE:WT) by 6.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,191,137 shares of the company’s stock after acquiring an additional 72,376 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.78% of WisdomTree worth $11,899,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its stake in shares of WisdomTree by 21.3% during the third quarter. Victory Capital Management Inc. now owns 2,332,762 shares of the company’s stock valued at $23,304,000 after acquiring an additional 410,348 shares during the period. SG Americas Securities LLC boosted its stake in shares of WisdomTree by 588.2% in the 2nd quarter. SG Americas Securities LLC now owns 73,295 shares of the company’s stock valued at $726,000 after purchasing an additional 62,644 shares during the last quarter. Wakefield Asset Management LLLP bought a new position in shares of WisdomTree in the 2nd quarter valued at about $989,000. Principal Financial Group Inc. grew its position in shares of WisdomTree by 26.9% during the 3rd quarter. Principal Financial Group Inc. now owns 708,842 shares of the company’s stock worth $7,081,000 after buying an additional 150,257 shares during the period. Finally, Rothschild Investment LLC bought a new stake in shares of WisdomTree during the second quarter worth approximately $2,233,000. Institutional investors and hedge funds own 78.64% of the company’s stock.

Insider Buying and Selling at WisdomTree

In related news, insider Peter M. Ziemba sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $11.43, for a total transaction of $1,143,000.00. Following the transaction, the insider now directly owns 948,386 shares of the company’s stock, valued at approximately $10,840,051.98. The trade was a 9.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Etfs Capital Limited. sold 3,000,000 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $138,915,000. This represents a 19.67 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 7.80% of the company’s stock.

WisdomTree Trading Down 0.6 %

NYSE WT opened at $11.38 on Monday. WisdomTree, Inc. has a 52 week low of $6.24 and a 52 week high of $12.45. The company has a debt-to-equity ratio of 1.36, a quick ratio of 2.16 and a current ratio of 2.88. The stock’s 50 day moving average price is $10.79 and its two-hundred day moving average price is $10.31. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 39.24 and a beta of 1.46.

WisdomTree Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.05%. The ex-dividend date was Wednesday, November 6th. WisdomTree’s payout ratio is 41.38%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on WT shares. UBS Group lifted their price objective on WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Northcoast Research lowered 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 company’s stock. According to MarketBeat.com, WisdomTree currently has an average rating of “Moderate Buy” and a consensus target price of $12.25.

WisdomTree Company 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.