87,839 Shares in WisdomTree, Inc. (NYSE:WT) Purchased by Franklin Resources Inc.

Franklin Resources Inc. acquired a new position in WisdomTree, Inc. (NYSE:WT) during the third quarter, according to its most recent filing with the SEC. The firm acquired 87,839 shares of the company’s stock, valued at approximately $888,000. Franklin Resources Inc. owned about 0.06% of WisdomTree as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the business. Azora Capital LP lifted its holdings in WisdomTree by 12.1% in 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. State Street Corp increased its stake in shares of WisdomTree by 7.6% in the 3rd 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 lifted its position in WisdomTree by 0.9% during the 2nd 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. Geode Capital Management LLC boosted its stake in WisdomTree by 3.3% during the third quarter. Geode Capital Management LLC now owns 2,914,051 shares of the company’s stock worth $29,117,000 after acquiring an additional 93,140 shares in the last quarter. Finally, FMR LLC boosted its position in shares of WisdomTree by 390.7% in the 3rd 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 in the last quarter. 78.64% of the stock is owned by hedge funds and other institutional investors.

WisdomTree Trading Down 1.5 %

Shares of WT stock opened at $10.57 on Monday. 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 stock has a market capitalization of $1.54 billion, a P/E ratio of 36.45 and a beta of 1.46. The firm’s 50 day moving average is $11.09 and its 200 day moving average is $10.43.

WisdomTree Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Wednesday, November 6th. WisdomTree’s payout ratio is currently 41.38%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Northcoast Research downgraded WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 15th. UBS Group increased their target price on WisdomTree from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $12.79.

Insider Activity at WisdomTree

In related news, insider Peter M. Ziemba sold 100,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $11.43, for a total value of $1,143,000.00. Following the completion of the sale, the insider now directly owns 948,386 shares of the company’s stock, valued at approximately $10,840,051.98. This represents a 9.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Etfs Capital Limited. sold 3,000,000 shares of the stock in a transaction 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. 7.80% of the stock is owned by company insiders.

WisdomTree 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.