Invesco Ltd. Sells 524,688 Shares of WisdomTree, Inc. $WT

Key Points

• Invesco Ltd. reduced its stake in WisdomTree, Inc. by 13%, owning approximately 3.5 million shares valued at $31.32 million as of the latest SEC filing.
• Analysts are optimistic about WisdomTree, with four research firms rating it as a buy and a consensus price target of $13.15.
• WisdomTree recently announced a quarterly dividend of $0.03 per share, representing an annualized yield of 0.9%.

Invesco Ltd. lowered its holdings in WisdomTree, Inc. (NYSE:WT - Free Report) by 13.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,511,669 shares of the company's stock after selling 524,688 shares during the quarter. Invesco Ltd. owned 2.39% of WisdomTree worth $31,324,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. grew its holdings in WisdomTree by 85.6% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 518,252 shares of the company's stock valued at $4,623,000 after buying an additional 238,977 shares during the last quarter. Deutsche Bank AG grew its holdings in WisdomTree by 52.6% in the 1st quarter. Deutsche Bank AG now owns 483,099 shares of the company's stock valued at $4,309,000 after buying an additional 166,622 shares during the last quarter. XTX Topco Ltd grew its holdings in WisdomTree by 88.9% in the 1st quarter. XTX Topco Ltd now owns 154,068 shares of the company's stock valued at $1,374,000 after buying an additional 72,523 shares during the last quarter. Sheaff Brock Investment Advisors LLC grew its holdings in WisdomTree by 2.8% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 42,908 shares of the company's stock valued at $383,000 after buying an additional 1,155 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in shares of WisdomTree in the 1st quarter worth approximately $238,000. Institutional investors and hedge funds own 78.64% of the company's stock.

WisdomTree Price Performance

WT stock traded up $0.3050 during midday trading on Friday, reaching $13.2350. 2,483,675 shares of the company's stock traded hands, compared to its average volume of 4,133,122. The company has a 50-day simple moving average of $12.48 and a two-hundred day simple moving average of $10.25. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 33.94 and a beta of 1.16. WisdomTree, Inc. has a 1-year low of $7.47 and a 1-year high of $13.79. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 0.82.

WisdomTree (NYSE:WT - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. WisdomTree had a return on equity of 25.17% and a net margin of 16.25%.The company had revenue of $112.60 million during the quarter, compared to analysts' expectations of $110.66 million. During the same period last year, the firm earned $0.16 EPS. The business's revenue for the quarter was up 5.2% on a year-over-year basis. On average, analysts anticipate that WisdomTree, Inc. will post 0.72 earnings per share for the current year.

WisdomTree Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.9%. WisdomTree's payout ratio is 30.77%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. The Goldman Sachs Group upgraded WisdomTree from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $9.50 to $11.90 in a research report on Friday, June 27th. Craig Hallum reiterated a "buy" rating on shares of WisdomTree in a research report on Monday, August 4th. Morgan Stanley raised their price objective on WisdomTree from $11.50 to $12.50 and gave the stock an "equal weight" rating in a research report on Monday. Oppenheimer raised their price objective on WisdomTree from $12.00 to $15.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Finally, Northcoast Research upgraded WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 price objective for the company in a research report on Wednesday, July 2nd. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $13.15.

Insider Activity at WisdomTree

In related news, COO R Jarrett Lilien sold 25,000 shares of WisdomTree stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $13.33, for a total transaction of $333,250.00. Following the completion of the sale, the chief operating officer directly owned 1,048,638 shares of the company's stock, valued at $13,978,344.54. The trade was a 2.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.30% of the stock is currently owned by company insiders.

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.