WisdomTree, Inc. (NYSE:WT) Shares Acquired by Truist Financial Corp

Truist Financial Corp grew its stake in WisdomTree, Inc. (NYSE:WT) by 142.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,579 shares of the company’s stock after purchasing an additional 43,293 shares during the quarter. Truist Financial Corp owned approximately 0.05% of WisdomTree worth $773,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Stonebridge Financial Group LLC acquired a new stake in shares of WisdomTree in the fourth quarter valued at about $60,000. KBC Group NV grew its position in shares of WisdomTree by 48.4% in the fourth quarter. KBC Group NV now owns 7,792 shares of the company’s stock valued at $82,000 after purchasing an additional 2,540 shares during the period. Cooper Financial Group acquired a new stake in shares of WisdomTree in the fourth quarter valued at about $111,000. Versor Investments LP acquired a new stake in shares of WisdomTree in the third quarter valued at about $134,000. Finally, Principal Securities Inc. boosted its position in WisdomTree by 146.1% during the fourth quarter. Principal Securities Inc. now owns 12,858 shares of the company’s stock worth $135,000 after acquiring an additional 7,633 shares during the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

Analyst Ratings Changes

WT has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lowered their price target on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating on the stock in a research report on Tuesday, January 14th. Northcoast Research lowered shares of WisdomTree from a “buy” rating to a “neutral” rating in a research report on Thursday, January 2nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, WisdomTree has a consensus rating of “Moderate Buy” and a consensus price target of $12.54.

Insider Buying and Selling at WisdomTree

In other news, insider Alexis Marinof sold 90,980 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $9.87, for a total value of $897,972.60. Following the sale, the insider now directly owns 221,146 shares of the company’s stock, valued at approximately $2,182,711.02. The trade was a 29.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $34,020,000.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. 7.80% of the stock is currently owned by company insiders.

WisdomTree Stock Performance

NYSE:WT opened at $9.09 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.92 and a quick ratio of 2.13. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 29.32 and a beta of 1.47. The company’s 50-day moving average is $9.78 and its two-hundred day moving average is $10.25. WisdomTree, Inc. has a 1-year low of $7.94 and a 1-year high of $12.45.

WisdomTree (NYSE:WT) last posted its earnings results on Friday, January 31st. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. Analysts forecast that WisdomTree, Inc. will post 0.72 EPS for the current year.

WisdomTree Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a $0.03 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.12 annualized dividend and a yield of 1.32%. WisdomTree’s payout ratio is 38.71%.

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.