State Street Corp Has $56.73 Million Stake in WisdomTree, Inc. (NYSE:WT)

State Street Corp boosted its holdings in WisdomTree, Inc. (NYSE:WT) by 7.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,678,905 shares of the company’s stock after buying an additional 399,839 shares during the period. State Street Corp owned approximately 3.89% of WisdomTree worth $56,732,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WT. Headlands Technologies LLC bought a new stake in WisdomTree in the second quarter valued at approximately $27,000. CWM LLC grew 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 valued at $27,000 after buying an additional 1,268 shares during the period. GAMMA Investing LLC increased its position in shares of 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 buying an additional 1,761 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in WisdomTree during the 3rd quarter worth $105,000. Finally, Benjamin Edwards Inc. bought a new position in WisdomTree during the second quarter worth about $115,000. 78.64% of the stock is owned by institutional investors.

WisdomTree Price Performance

WT stock opened at $10.60 on Thursday. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 36.55 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 company has a 50 day simple moving average of $11.02 and a 200 day simple moving average of $10.39. WisdomTree, Inc. has a 1 year low of $6.45 and a 1 year 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 given a dividend of $0.03 per share. The ex-dividend date was Wednesday, November 6th. This represents a $0.12 annualized dividend and a yield of 1.13%. WisdomTree’s dividend payout ratio is presently 41.38%.

Insiders Place Their Bets

In other news, insider Peter M. Ziemba sold 100,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $11.43, for a total value of $1,143,000.00. Following the transaction, the insider now directly owns 948,386 shares of the company’s stock, valued at $10,840,051.98. The trade was a 9.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Etfs Capital Limited. sold 3,000,000 shares of the business’s 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 7.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on WT. Northcoast Research cut WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 15th. UBS Group increased their price objective 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. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently 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.