Hsbc Holdings PLC Sells 92,437 Shares of WisdomTree, Inc. $WT

Key Points

• Hsbc Holdings PLC significantly reduced its stake in WisdomTree, Inc. by 82.3%, now owning just 19,858 shares worth approximately $179,000 after selling 92,437 shares.
• Envestnet Asset Management Inc. raised its position in WisdomTree by 39.2%, now owning 808,352 shares valued at around $7.21 million.
• WisdomTree declared a quarterly dividend of $0.03 per share, resulting in a 0.9% dividend yield and a payout ratio of 30.77%.

Hsbc Holdings PLC lessened its position in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 82.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,858 shares of the company's stock after selling 92,437 shares during the quarter. Hsbc Holdings PLC's holdings in WisdomTree were worth $179,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA grew its holdings in shares of WisdomTree by 0.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,698,844 shares of the company's stock worth $32,994,000 after purchasing an additional 13,746 shares in the last quarter. Millennium Management LLC grew 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 purchasing an additional 1,710,409 shares in the last quarter. Nuveen LLC acquired a new stake in shares of WisdomTree during the 1st quarter worth approximately $17,003,000. Two Sigma Investments LP grew 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 purchasing an additional 142,226 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of WisdomTree by 1.1% during the 4th quarter. Northern Trust Corp now owns 1,440,197 shares of the company's stock worth $15,122,000 after purchasing an additional 15,489 shares in the last quarter. Institutional investors and hedge funds own 78.64% of the company's stock.

WisdomTree Price Performance

WisdomTree stock traded up $0.16 on Monday, reaching $13.59. The company's stock had a trading volume of 2,281,518 shares, compared to its average volume of 4,258,632. 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 company has a market cap of $2.00 billion, a price-to-earnings ratio of 34.85 and a beta of 1.19. The business's fifty day moving average price is $13.11 and its 200 day moving average price is $10.56. WisdomTree, Inc. has a twelve month low of $7.47 and a twelve month high of $14.07.

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 company 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 business's revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.16 earnings per share. Equities analysts expect that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were paid a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $0.12 dividend on an annualized basis and a yield of 0.9%. WisdomTree's payout ratio is currently 30.77%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Craig Hallum reissued a "buy" rating on shares of WisdomTree in a report on Monday, August 4th. Northcoast Research raised WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 price objective on the stock in a report on Wednesday, July 2nd. Morgan Stanley boosted their price target on WisdomTree from $11.50 to $12.50 and gave the company an "equal weight" rating in a research note on Monday, August 18th. Oppenheimer boosted their price target on WisdomTree from $12.00 to $15.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Finally, Northland Securities set a $16.00 price target on WisdomTree in a research note on Wednesday, September 3rd. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $13.56.

Insider Buying and Selling

In other WisdomTree news, COO R Jarrett Lilien sold 25,000 shares of the business's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $13.33, for a total value of $333,250.00. Following the transaction, the chief operating officer owned 1,048,638 shares of the company's stock, valued at approximately $13,978,344.54. The trade was a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 9.30% of the company's stock.

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.