Geode Capital Management LLC Reduces Position in WisdomTree, Inc. (NYSE:WT)

Geode Capital Management LLC decreased its position in WisdomTree, Inc. (NYSE:WT) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,872,974 shares of the company’s stock after selling 41,077 shares during the period. Geode Capital Management LLC’s holdings in WisdomTree were worth $30,173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WT. Smartleaf Asset Management LLC boosted its holdings in shares of WisdomTree by 173.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company’s stock valued at $39,000 after acquiring an additional 2,405 shares during the last quarter. Stonebridge Financial Group LLC acquired a new position in WisdomTree during the fourth quarter valued at $60,000. KBC Group NV boosted its holdings in WisdomTree by 48.4% in the fourth quarter. KBC Group NV now owns 7,792 shares of the company’s stock valued at $82,000 after purchasing an additional 2,540 shares during the last quarter. Xponance Inc. acquired a new stake in WisdomTree during the 4th quarter worth about $105,000. Finally, Cooper Financial Group acquired a new stake in WisdomTree during the 4th quarter worth about $111,000. Hedge funds and other institutional investors own 78.64% of the company’s stock.

WisdomTree Stock Performance

Shares of WT stock opened at $8.18 on Thursday. The company has a current ratio of 2.92, a quick ratio of 2.13 and a debt-to-equity ratio of 1.28. WisdomTree, Inc. has a 12-month low of $7.47 and a 12-month high of $12.45. The business’s 50 day moving average is $8.82 and its two-hundred day moving average is $9.93. The company has a market capitalization of $1.20 billion, a P/E ratio of 26.39 and a beta of 1.26.

WisdomTree (NYSE:WT) last released its quarterly earnings results on Friday, January 31st. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. Analysts expect that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.03 per share. 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 1.47%. WisdomTree’s dividend payout ratio is currently 38.71%.

Wall Street Analyst Weigh In

WT has been the subject of several analyst reports. The Goldman Sachs Group decreased their price objective on WisdomTree from $9.75 to $8.50 and set a “sell” rating for the company in a report on Monday. Northcoast Research downgraded WisdomTree from a “buy” rating to a “neutral” rating in a report on Thursday, January 2nd. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating on the stock in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, WisdomTree presently has an average rating of “Hold” and a consensus target price of $11.96.

Insider Buying and Selling

In other news, insider Alexis Marinof sold 90,980 shares of WisdomTree 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 sale, the insider now directly owns 221,146 shares of the company’s stock, valued at $2,182,711.02. The trade was a 29.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 7.80% of the company’s stock.

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.