Bank of New York Mellon Corp Reduces Stock Holdings in WisdomTree, Inc. (NYSE:WT)

Bank of New York Mellon Corp trimmed its holdings in shares of WisdomTree, Inc. (NYSE:WT) by 18.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,108,768 shares of the company’s stock after selling 490,769 shares during the quarter. Bank of New York Mellon Corp owned 1.44% of WisdomTree worth $22,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Rothschild Investment LLC grew its stake in WisdomTree by 7.3% during the 4th quarter. Rothschild Investment LLC now owns 244,763 shares of the company’s stock worth $2,570,000 after buying an additional 16,602 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in WisdomTree during the 4th quarter worth $979,000. Navellier & Associates Inc. grew its stake in WisdomTree by 11.4% during the 4th quarter. Navellier & Associates Inc. now owns 15,226 shares of the company’s stock valued at $160,000 after purchasing an additional 1,556 shares during the last quarter. New York State Common Retirement Fund grew its stake in WisdomTree by 3.1% during the 4th quarter. New York State Common Retirement Fund now owns 161,193 shares of the company’s stock valued at $1,693,000 after purchasing an additional 4,800 shares during the last quarter. Finally, Truist Financial Corp grew its stake in WisdomTree by 142.9% during the 4th quarter. Truist Financial Corp now owns 73,579 shares of the company’s stock valued at $773,000 after purchasing an additional 43,293 shares during the last quarter. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

WisdomTree Stock Performance

Shares of WT stock opened at $8.39 on Tuesday. The stock has a market cap of $1.23 billion, a PE ratio of 27.05 and a beta of 1.53. WisdomTree, Inc. has a 52-week low of $7.96 and a 52-week high of $12.45. The company has a quick ratio of 2.13, a current ratio of 2.92 and a debt-to-equity ratio of 1.28. The business has a 50-day simple moving average of $9.55 and a 200-day simple moving average of $10.20.

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

WisdomTree Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.43%. WisdomTree’s dividend payout ratio (DPR) is presently 38.71%.

Analyst Ratings Changes

WT has been the topic of several research analyst reports. Northcoast Research downgraded WisdomTree from a “buy” rating to a “neutral” rating in a research note on Thursday, January 2nd. Keefe, Bruyette & Woods dropped their price target on WisdomTree from $12.00 to $10.50 and set a “market perform” rating on the stock in a research note on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, WisdomTree has an average rating of “Moderate Buy” and a consensus price target of $12.54.

Insider Activity

In other news, insider Alexis Marinof sold 90,980 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $9.87, for a total value of $897,972.60. Following the completion of the sale, the insider now directly owns 221,146 shares in the company, valued at $2,182,711.02. This represents a 29.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 7.80% of the company’s stock.

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.