Massachusetts Financial Services Co. MA Sells 1,012,895 Shares of WisdomTree, Inc. $WT

Massachusetts Financial Services Co. MA decreased its holdings in shares of WisdomTree, Inc. (NYSE:WT) by 28.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,565,704 shares of the company’s stock after selling 1,012,895 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.74% of WisdomTree worth $35,663,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Tidal Investments LLC bought a new stake in WisdomTree during the second quarter valued at approximately $15,649,000. Prudential Financial Inc. raised its position in shares of WisdomTree by 1,119.9% during the 2nd quarter. Prudential Financial Inc. now owns 1,423,293 shares of the company’s stock valued at $16,382,000 after buying an additional 1,306,620 shares in the last quarter. Balyasny Asset Management L.P. raised its position in shares of WisdomTree by 1,432.7% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,202,765 shares of the company’s stock valued at $13,844,000 after buying an additional 1,124,293 shares in the last quarter. Simcoe Capital Management LLC lifted its holdings in shares of WisdomTree by 23.5% during the 2nd quarter. Simcoe Capital Management LLC now owns 4,924,550 shares of the company’s stock worth $56,682,000 after acquiring an additional 935,505 shares during the last quarter. Finally, Jane Street Group LLC grew its position in WisdomTree by 379.3% in the first quarter. Jane Street Group LLC now owns 880,977 shares of the company’s stock worth $7,858,000 after acquiring an additional 697,156 shares in the last quarter. 78.64% of the stock is owned by hedge funds and other institutional investors.

WisdomTree Price Performance

WT opened at $15.75 on Thursday. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.82 and a quick ratio of 2.41. The stock’s 50 day simple moving average is $12.28 and its 200 day simple moving average is $12.84. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 24.23 and a beta of 1.08. WisdomTree, Inc. has a 1 year low of $7.47 and a 1 year high of $15.88.

WisdomTree (NYSE:WT) last announced its quarterly earnings data on Friday, October 31st. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. WisdomTree had a return on equity of 26.59% and a net margin of 21.10%.The firm had revenue of $125.62 million during the quarter, compared to the consensus estimate of $122.00 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The business’s revenue was up 11.0% on a year-over-year basis. As a group, analysts predict that WisdomTree, Inc. will post 0.72 earnings per share for the current year.

WisdomTree Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, November 12th. WisdomTree’s dividend payout ratio (DPR) is 18.46%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WT. Morgan Stanley increased their target price on WisdomTree from $13.50 to $14.75 and gave the company an “equal weight” rating in a research note on Wednesday, December 17th. The Goldman Sachs Group reduced their price objective on WisdomTree from $14.75 to $13.25 and set a “neutral” rating on the stock in a research report on Tuesday, November 25th. Zacks Research upgraded WisdomTree from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Weiss Ratings raised WisdomTree from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of WisdomTree from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, WisdomTree presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.80.

Insider Transactions at WisdomTree

In related news, insider David M. Yates sold 6,820 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $11.12, for a total value of $75,838.40. Following the sale, the insider directly owned 152,123 shares of the company’s stock, valued at $1,691,607.76. This trade represents a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO R Jarrett Lilien sold 25,000 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $11.77, for a total value of $294,250.00. Following the transaction, the chief operating officer owned 1,011,138 shares in the company, valued at approximately $11,901,094.26. This represents a 2.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 44,320 shares of company stock worth $507,713 in the last 90 days. Corporate insiders own 9.30% of the company’s stock.

WisdomTree Company Profile

WisdomTree Investments, Inc (NYSE: WT) is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.