MetLife Investment Management LLC Sells 6,806 Shares of WisdomTree, Inc. (NYSE:WT)

MetLife Investment Management LLC reduced its stake in WisdomTree, Inc. (NYSE:WT) by 8.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 73,757 shares of the company’s stock after selling 6,806 shares during the quarter. MetLife Investment Management LLC owned about 0.05% of WisdomTree worth $737,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Quantbot Technologies LP increased its position in WisdomTree by 586.0% during the 3rd quarter. Quantbot Technologies LP now owns 250,017 shares of the company’s stock worth $2,498,000 after buying an additional 213,571 shares during the period. 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 acquiring an additional 2,276,452 shares during the period. Dynamic Technology Lab Private Ltd increased its position in WisdomTree by 180.4% during the third quarter. Dynamic Technology Lab Private Ltd now owns 115,289 shares of the company’s stock worth $1,152,000 after acquiring an additional 74,173 shares during the period. Charles Schwab Investment Management Inc. raised its stake in WisdomTree by 6.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,191,137 shares of the company’s stock worth $11,899,000 after purchasing an additional 72,376 shares in the last quarter. Finally, Foundry Partners LLC boosted its holdings in WisdomTree by 15.9% in the 3rd quarter. Foundry Partners LLC now owns 13,850 shares of the company’s stock valued at $138,000 after purchasing an additional 1,900 shares during the period. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Peter M. Ziemba sold 100,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $11.43, for a total value of $1,143,000.00. Following the completion of the transaction, the insider now directly owns 948,386 shares in the company, valued at approximately $10,840,051.98. This represents a 9.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Etfs Capital Limited. sold 3,000,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were 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 approximately $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 currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on WT shares. UBS Group raised their target price on shares of WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Northcoast Research lowered WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 15th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $12.25.

WisdomTree Price Performance

WisdomTree stock opened at $11.38 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 2.16 and a current ratio of 2.88. WisdomTree, Inc. has a 52 week low of $6.24 and a 52 week high of $12.45. The stock has a market capitalization of $1.66 billion, a P/E ratio of 39.24 and a beta of 1.46. The stock has a fifty day moving average of $10.79 and a 200-day moving average of $10.31.

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were issued a $0.03 dividend. The ex-dividend date was Wednesday, November 6th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.05%. WisdomTree’s dividend payout ratio (DPR) is currently 41.38%.

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.