UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 15,666 Shares of WisdomTree, Inc. (NYSE:WT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of WisdomTree, Inc. (NYSE:WT) by 3.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 412,079 shares of the company’s stock after selling 15,666 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in WisdomTree were worth $4,117,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. FMR LLC raised its holdings in shares of WisdomTree by 390.7% in the third quarter. FMR LLC now owns 2,859,073 shares of the company’s stock valued at $28,562,000 after purchasing an additional 2,276,452 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of WisdomTree by 92.5% during the 2nd quarter. Victory Capital Management Inc. now owns 1,922,414 shares of the company’s stock worth $19,051,000 after buying an additional 923,994 shares in the last quarter. Kornitzer Capital Management Inc. KS purchased a new position in shares of WisdomTree in the 2nd quarter worth approximately $5,748,000. Acadian Asset Management LLC bought a new position in shares of WisdomTree in the second quarter valued at approximately $4,258,000. Finally, Marshall Wace LLP increased its position in shares of WisdomTree by 82.3% during the second quarter. Marshall Wace LLP now owns 772,543 shares of the company’s stock valued at $7,656,000 after acquiring an additional 348,850 shares during the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Jonathan L. Steinberg purchased 67,869 shares of WisdomTree stock in a transaction dated Friday, November 8th. The stock was purchased at an average cost of $10.84 per share, for a total transaction of $735,699.96. Following the transaction, the chief executive officer now directly owns 9,240,707 shares of the company’s stock, valued at approximately $100,169,263.88. This trade represents a 0.74 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Etfs Capital Limited. sold 3,000,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $11.34, for a total value of $34,020,000.00. Following the completion of the transaction, the insider now owns 12,250,000 shares in the company, valued at $138,915,000. This represents a 19.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 7.80% of the company’s stock.

WisdomTree Price Performance

NYSE WT opened at $11.56 on Friday. The company has a market cap of $1.69 billion, a PE ratio of 39.84 and a beta of 1.46. The company has a quick ratio of 2.16, a current ratio of 2.88 and a debt-to-equity ratio of 1.36. The firm’s 50-day simple moving average is $10.92 and its two-hundred day simple moving average is $10.35. WisdomTree, Inc. has a 52 week low of $6.24 and a 52 week high of $12.45.

WisdomTree Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were paid a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.12 dividend on an annualized basis and a yield of 1.04%. WisdomTree’s dividend payout ratio is 41.38%.

Wall Street Analyst Weigh In

Several research firms have weighed in on WT. Northcoast Research cut WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 15th. UBS Group boosted their price target on shares of WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Three investment 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 an average target price of $12.25.

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.