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

Wellington Management Group LLP decreased its position in WisdomTree, Inc. (NYSE:WT - Free Report) by 31.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,007,206 shares of the company's stock after selling 1,367,489 shares during the period. Wellington Management Group LLP owned about 2.05% of WisdomTree worth $31,576,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC increased its holdings in shares of WisdomTree by 532.6% during the 4th quarter. Millennium Management LLC now owns 2,031,534 shares of the company's stock worth $21,331,000 after acquiring an additional 1,710,409 shares during the last quarter. Two Sigma Investments LP increased its holdings in shares of WisdomTree by 10.5% during the 4th quarter. Two Sigma Investments LP now owns 1,500,371 shares of the company's stock worth $15,754,000 after acquiring an additional 142,226 shares during the last quarter. Northern Trust Corp grew its holdings in WisdomTree by 1.1% in the 4th quarter. Northern Trust Corp now owns 1,440,197 shares of the company's stock valued at $15,122,000 after buying an additional 15,489 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in WisdomTree by 10.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,310,899 shares of the company's stock valued at $13,764,000 after buying an additional 119,762 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in shares of WisdomTree by 139.9% during the 4th quarter. Nuveen Asset Management LLC now owns 1,270,963 shares of the company's stock worth $13,345,000 after purchasing an additional 741,134 shares in the last quarter. Institutional investors own 78.64% of the company's stock.

WisdomTree Price Performance

NYSE:WT traded up $0.08 during trading hours on Wednesday, hitting $9.62. The company's stock had a trading volume of 357,923 shares, compared to its average volume of 1,560,403. The stock has a fifty day simple moving average of $8.90 and a 200-day simple moving average of $9.63. The company has a market capitalization of $1.41 billion, a P/E ratio of 31.03 and a beta of 1.07. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.92 and a quick ratio of 2.13. WisdomTree, Inc. has a twelve month low of $7.47 and a twelve month high of $12.45.

WisdomTree (NYSE:WT - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. The business had revenue of $108.08 million for the quarter, compared to analyst estimates of $108.47 million. WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. WisdomTree's revenue was up 11.7% compared to the same quarter last year. During the same period last year, the firm posted $0.12 earnings per share. On average, analysts anticipate that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were given a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.12 annualized dividend and a yield of 1.25%. WisdomTree's dividend payout ratio is presently 34.29%.

Analyst Ratings Changes

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

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.