Invesco Ltd. Has $31.32 Million Stock Position in 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. trimmed its position in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 13.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,511,669 shares of the company's stock after selling 524,688 shares during the period. Invesco Ltd. owned about 2.39% of WisdomTree worth $31,324,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quarry LP raised its holdings in shares of WisdomTree by 1,778.5% during the fourth quarter. Quarry LP now owns 2,799 shares of the company's stock worth $29,000 after acquiring an additional 2,650 shares in the last quarter. Byrne Asset Management LLC raised its holdings in shares of WisdomTree by 114.0% during the first quarter. Byrne Asset Management LLC now owns 3,852 shares of the company's stock worth $34,000 after acquiring an additional 2,052 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of WisdomTree by 310.5% during the first quarter. Versant Capital Management Inc now owns 5,263 shares of the company's stock worth $47,000 after acquiring an additional 3,981 shares in the last quarter. Dark Forest Capital Management LP purchased a new stake in shares of WisdomTree during the fourth quarter worth $108,000. Finally, Personal CFO Solutions LLC purchased a new stake in shares of WisdomTree during the first quarter worth $111,000. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

WT has been the subject of several recent research reports. The Goldman Sachs Group upgraded WisdomTree from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $9.50 to $11.90 in a report on Friday, June 27th. Craig Hallum reiterated a "buy" rating on shares of WisdomTree in a report on Monday, August 4th. Northcoast Research upgraded WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 target price on the stock in a report on Wednesday, July 2nd. Oppenheimer raised their target price on WisdomTree from $12.00 to $15.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Finally, Morgan Stanley raised their target price on WisdomTree from $11.50 to $12.50 and gave the company an "equal weight" rating in a report on Monday, August 18th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $13.15.

WisdomTree Stock Performance

Shares of WisdomTree stock traded down $0.0650 during trading on Monday, reaching $13.1650. The company's stock had a trading volume of 1,691,145 shares, compared to its average volume of 4,135,902. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.04 and a current ratio of 1.44. The business's fifty day moving average price is $12.54 and its 200-day moving average price is $10.28. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 33.76 and a beta of 1.16. WisdomTree, Inc. has a one year low of $7.47 and a one year high of $13.79.

WisdomTree (NYSE:WT - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.18 EPS for the quarter, hitting analysts' consensus estimates of $0.18. The business had revenue of $112.60 million for the quarter, compared to analyst estimates of $110.66 million. WisdomTree had a return on equity of 25.17% and a net margin of 16.25%.The firm's revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 earnings per share. As a group, equities research analysts predict that WisdomTree, Inc. will post 0.72 earnings per share for the current year.

WisdomTree Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be given 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 yield of 0.9%. WisdomTree's dividend payout ratio (DPR) is 30.77%.

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.