Nordea Investment Management AB Buys 9,912 Shares of WisdomTree, Inc. (NYSE:WT)

Nordea Investment Management AB increased its position in WisdomTree, Inc. (NYSE:WT) by 2.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 391,208 shares of the company’s stock after acquiring an additional 9,912 shares during the quarter. Nordea Investment Management AB’s holdings in WisdomTree were worth $4,100,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Principal Financial Group Inc. grew its stake in WisdomTree by 26.9% during the third quarter. Principal Financial Group Inc. now owns 708,842 shares of the company’s stock valued at $7,081,000 after acquiring an additional 150,257 shares in the last quarter. Franklin Resources Inc. purchased a new position in shares of WisdomTree during the 3rd quarter valued at about $888,000. Teachers Retirement System of The State of Kentucky lifted its stake in WisdomTree by 589.2% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 249,249 shares of the company’s stock worth $2,491,000 after purchasing an additional 213,086 shares during the last quarter. Geode Capital Management LLC boosted its holdings in WisdomTree by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,914,051 shares of the company’s stock valued at $29,117,000 after acquiring an additional 93,140 shares during the period. Finally, Barclays PLC boosted its stake in shares of WisdomTree by 201.3% during the third quarter. Barclays PLC now owns 268,668 shares of the company’s stock valued at $2,684,000 after purchasing an additional 179,493 shares during the period. 78.64% of the stock is owned by institutional investors.

Insider Activity at WisdomTree

In other news, insider Peter M. Ziemba sold 100,000 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 948,386 shares in the company, valued at $10,840,051.98. The trade was a 9.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jonathan L. Steinberg purchased 67,869 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was acquired at an average cost of $10.84 per share, with a total value of $735,699.96. Following the acquisition, the chief executive officer now owns 9,240,707 shares in the company, valued at $100,169,263.88. The trade was a 0.74 % increase in their position. The disclosure for this purchase can be found here. 7.80% of the stock is owned by corporate insiders.

WisdomTree Stock Down 2.8 %

Shares of WT stock opened at $9.35 on Friday. WisdomTree, Inc. has a 12 month low of $6.67 and a 12 month high of $12.45. The company has a 50 day simple moving average of $11.03 and a two-hundred day simple moving average of $10.45. The stock has a market cap of $1.37 billion, a P/E ratio of 32.24 and a beta of 1.49. 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 Dividend Announcement

The company also recently announced 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 yield of 1.28%. The ex-dividend date was Wednesday, November 6th. WisdomTree’s payout ratio is 41.38%.

Analyst Ratings Changes

A number of brokerages recently commented on WT. UBS Group raised their price target on WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Northcoast Research downgraded shares of WisdomTree from a “buy” rating to a “neutral” rating in a research report on Thursday, January 2nd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $12.79.

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.