Wellington Management Group LLP Has $31.58 Million Stake in WisdomTree, Inc. (NYSE:WT)

Wellington Management Group LLP reduced its position in WisdomTree, Inc. (NYSE:WT - Free Report) by 31.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,007,206 shares of the company's stock after selling 1,367,489 shares during the quarter. Wellington Management Group LLP owned approximately 2.05% of WisdomTree worth $31,576,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Navellier & Associates Inc. increased its holdings in WisdomTree by 11.4% in the fourth quarter. Navellier & Associates Inc. now owns 15,226 shares of the company's stock valued at $160,000 after buying an additional 1,556 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of WisdomTree by 60.7% during the fourth quarter. Federated Hermes Inc. now owns 4,705 shares of the company's stock valued at $49,000 after purchasing an additional 1,777 shares during the last quarter. EntryPoint Capital LLC grew its holdings in shares of WisdomTree by 6.7% during the fourth quarter. EntryPoint Capital LLC now owns 29,622 shares of the company's stock valued at $311,000 after purchasing an additional 1,870 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of WisdomTree by 11.6% during the fourth quarter. Bank of Montreal Can now owns 18,702 shares of the company's stock valued at $196,000 after purchasing an additional 1,951 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of WisdomTree by 173.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company's stock valued at $39,000 after purchasing an additional 2,405 shares during the last quarter. 78.64% of the stock is owned by institutional investors.

WisdomTree Stock Up 0.6%

NYSE:WT traded up $0.06 during trading hours on Tuesday, hitting $9.54. 1,081,930 shares of the stock traded hands, compared to its average volume of 1,630,504. The firm has a 50 day moving average price of $8.89 and a 200 day moving average price of $9.63. 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 fifty-two week low of $7.47 and a fifty-two week high of $12.45. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 30.76 and a beta of 1.07.

WisdomTree (NYSE:WT - Get Free Report) last announced its earnings results on Friday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. The company had revenue of $108.08 million for the quarter, compared to the consensus estimate of $108.47 million. During the same period in the previous year, the business earned $0.12 EPS. The company's revenue was up 11.7% on a year-over-year basis. Equities research analysts anticipate that WisdomTree, Inc. will post 0.72 earnings per share for the current year.

WisdomTree Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.12 annualized dividend and a dividend yield of 1.26%. WisdomTree's dividend payout ratio is 34.29%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut their target price on WisdomTree from $9.75 to $8.50 and set a "sell" rating for the company in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, WisdomTree currently has an average rating of "Hold" and an average price target of $12.42.

WisdomTree Company 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.