JPMorgan Chase & Co. Decreases Stock Holdings in WisdomTree, Inc. (NYSE:WT)

JPMorgan Chase & Co. trimmed its holdings in shares of WisdomTree, Inc. (NYSE:WT) by 48.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 342,104 shares of the company’s stock after selling 318,090 shares during the quarter. JPMorgan Chase & Co. owned 0.23% of WisdomTree worth $3,418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. FMR LLC increased its position in WisdomTree by 390.7% during the third quarter. FMR LLC now owns 2,859,073 shares of the company’s stock worth $28,562,000 after purchasing an additional 2,276,452 shares during the last quarter. Azora Capital LP boosted its position in shares of WisdomTree by 12.1% during the third quarter. Azora Capital LP now owns 10,609,577 shares of the company’s stock worth $105,990,000 after buying an additional 1,142,151 shares during the period. Victory Capital Management Inc. lifted its stake in WisdomTree by 21.3% during the 3rd quarter. Victory Capital Management Inc. now owns 2,332,762 shares of the company’s stock worth $23,304,000 after acquiring an additional 410,348 shares in the last quarter. State Street Corp grew its position in WisdomTree by 7.6% in the 3rd quarter. State Street Corp now owns 5,678,905 shares of the company’s stock valued at $56,732,000 after acquiring an additional 399,839 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in 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 purchasing an additional 348,850 shares during the period. 78.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Transactions at WisdomTree

In other news, CEO Jonathan L. Steinberg acquired 67,869 shares of WisdomTree stock in a transaction dated Friday, November 8th. The shares were acquired at an average cost of $10.84 per share, with a total value of $735,699.96. Following the purchase, the chief executive officer now directly owns 9,240,707 shares of the company’s stock, valued at approximately $100,169,263.88. This trade represents a 0.74 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Etfs Capital Limited. sold 3,000,000 shares of the stock in a transaction that occurred on 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 directly owns 12,250,000 shares of the company’s stock, valued at approximately $138,915,000. This trade represents a 19.67 % decrease in their position. The disclosure for this sale can be found here. Insiders own 7.80% of the company’s stock.

WisdomTree Stock Performance

Shares of WT opened at $9.62 on Friday. The company has a 50-day moving average of $10.90 and a two-hundred day moving average of $10.44. The stock has a market cap of $1.40 billion, a P/E ratio of 33.16 and a beta of 1.49. WisdomTree, Inc. has a 12-month low of $6.67 and a 12-month high of $12.45. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Wednesday, November 6th. WisdomTree’s dividend payout ratio is presently 41.38%.

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.