Massachusetts Financial Services Co. MA Sells 203,739 Shares of WisdomTree, Inc. $WT

Key Points

• Massachusetts Financial Services Co. cut its WisdomTree stake by 7.9%, selling 203,739 shares and now holds 2,361,965 shares (about 1.68% of the company, worth ~$28.79M).
• Other institutions largely added to positions—most notably Jane Street increased its stake by 379% (+697,156 shares)—and institutional investors now own 78.64% of WisdomTree.
• WisdomTree beat Q earnings estimates ($0.29 vs. $0.23) with revenue up 33.2% YoY; the stock has a $2.42B market cap, a $0.03 quarterly dividend (0.7% yield), and an average analyst rating of Moderate Buy with a $17.40 target.

Massachusetts Financial Services Co. MA decreased its position in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,361,965 shares of the company's stock after selling 203,739 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.68% of WisdomTree worth $28,792,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in WT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in WisdomTree by 2.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 456,990 shares of the company's stock worth $4,076,000 after purchasing an additional 12,402 shares during the last quarter. Jane Street Group LLC increased its stake in shares of WisdomTree by 379.3% in the 1st quarter. Jane Street Group LLC now owns 880,977 shares of the company's stock valued at $7,858,000 after acquiring an additional 697,156 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of WisdomTree by 35.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 301,138 shares of the company's stock valued at $3,466,000 after acquiring an additional 78,837 shares in the last quarter. Sei Investments Co. increased its stake in shares of WisdomTree by 722.3% in the 2nd quarter. Sei Investments Co. now owns 93,039 shares of the company's stock valued at $1,071,000 after acquiring an additional 81,725 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of WisdomTree by 20.0% in the 2nd quarter. AQR Capital Management LLC now owns 482,313 shares of the company's stock valued at $5,551,000 after acquiring an additional 80,361 shares in the last quarter. Institutional investors own 78.64% of the company's stock.

WisdomTree Stock Performance

Shares of WT stock opened at $17.08 on Thursday. The firm has a market capitalization of $2.42 billion, a PE ratio of 22.77 and a beta of 1.11. The firm has a fifty day simple moving average of $15.75 and a two-hundred day simple moving average of $13.86. The company has a current ratio of 1.75, a quick ratio of 1.37 and a debt-to-equity ratio of 1.94. WisdomTree, Inc. has a 12 month low of $8.02 and a 12 month high of $17.86.

WisdomTree (NYSE:WT - Get Free Report) last announced its quarterly earnings results on Friday, January 30th. The company reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.06. The business had revenue of $147.43 million during the quarter, compared to analyst estimates of $142.78 million. WisdomTree had a net margin of 22.10% and a return on equity of 30.24%. WisdomTree's quarterly revenue was up 33.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.17 EPS. Analysts forecast that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, February 11th. WisdomTree's payout ratio is currently 16.00%.

Analysts Set New Price Targets

Several research firms have recently weighed in on WT. The Goldman Sachs Group lifted their price objective on shares of WisdomTree from $14.00 to $15.50 and gave the company a "neutral" rating in a research note on Monday, February 2nd. Weiss Ratings reiterated a "buy (b-)" rating on shares of WisdomTree in a research note on Wednesday, January 21st. Oppenheimer lowered their price objective on shares of WisdomTree from $21.00 to $20.00 and set an "outperform" rating for the company in a research note on Thursday, March 26th. Wall Street Zen upgraded shares of WisdomTree from a "hold" rating to a "buy" rating in a research note on Saturday, April 4th. Finally, Morgan Stanley lowered their price objective on shares of WisdomTree from $16.75 to $16.50 and set an "equal weight" rating for the company in a research note on Wednesday, April 1st. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $17.40.

Insider Transactions at WisdomTree

In other WisdomTree news, COO R Jarrett Lilien sold 30,000 shares of WisdomTree stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $16.84, for a total transaction of $505,200.00. Following the transaction, the chief operating officer directly owned 1,140,245 shares of the company's stock, valued at $19,201,725.80. The trade was a 2.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 9.30% of the stock is owned by corporate insiders.

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.

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