Geode Capital Management LLC Has $29.12 Million Holdings in WisdomTree, Inc. (NYSE:WT)

Geode Capital Management LLC grew its position in shares of WisdomTree, Inc. (NYSE:WT) by 3.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,914,051 shares of the company’s stock after purchasing an additional 93,140 shares during the quarter. Geode Capital Management LLC owned about 1.99% of WisdomTree worth $29,117,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WT. Azora Capital LP grew its stake in shares of WisdomTree by 12.1% in the 3rd quarter. Azora Capital LP now owns 10,609,577 shares of the company’s stock valued at $105,990,000 after buying an additional 1,142,151 shares during the period. State Street Corp boosted its holdings in WisdomTree by 7.6% in the third quarter. State Street Corp now owns 5,678,905 shares of the company’s stock worth $56,732,000 after acquiring an additional 399,839 shares in the last quarter. Bank of New York Mellon Corp grew its stake in WisdomTree by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 3,042,815 shares of the company’s stock valued at $30,154,000 after acquiring an additional 25,759 shares during the period. FMR LLC increased its holdings in shares of WisdomTree by 390.7% during the third 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 in the last quarter. Finally, Victory Capital Management Inc. raised its position 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 worth $23,304,000 after purchasing an additional 410,348 shares during the period. Institutional investors and hedge funds own 78.64% of the company’s stock.

Analysts Set New Price Targets

WT has been the subject of several research reports. Northcoast Research downgraded shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 15th. UBS Group lifted 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. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $12.25.

WisdomTree Stock Performance

Shares of WT opened at $10.73 on Friday. The stock has a 50 day moving average of $11.08 and a 200 day moving average of $10.42. The company has a current ratio of 2.88, a quick ratio of 2.16 and a debt-to-equity ratio of 1.36. WisdomTree, Inc. has a 12 month low of $6.57 and a 12 month high of $12.45. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 37.00 and a beta of 1.46.

WisdomTree Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Wednesday, November 6th. WisdomTree’s payout ratio is 41.38%.

Insider Buying and Selling at WisdomTree

In related news, CEO Jonathan L. Steinberg purchased 67,869 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was purchased 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 of the company’s stock, valued at approximately $100,169,263.88. The trade was a 0.74 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Etfs Capital Limited. sold 3,000,000 shares of the stock in a transaction dated 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 sale, the insider now directly owns 12,250,000 shares in the company, valued at $138,915,000. This trade represents a 19.67 % decrease in their position. The disclosure for this sale can be found here. 7.80% of the stock is owned by corporate insiders.

About WisdomTree

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.