WisdomTree, Inc. $WT Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its stake in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 20.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,407,113 shares of the company's stock after selling 2,178,846 shares during the quarter. Wellington Management Group LLP owned about 5.55% of WisdomTree worth $142,416,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of WT. Clearstead Trust LLC purchased a new stake in shares of WisdomTree in the second quarter valued at $92,000. Team Financial Group LLC acquired a new position in WisdomTree in the 1st quarter valued at about $29,000. Transamerica Financial Advisors LLC purchased a new position in WisdomTree in the 2nd quarter valued at about $36,000. Quarry LP boosted its stake in shares of WisdomTree by 1,679.0% during the 3rd quarter. Quarry LP now owns 2,206 shares of the company's stock worth $31,000 after purchasing an additional 2,082 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of WisdomTree by 163.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company's stock worth $30,000 after buying an additional 1,521 shares in the last quarter. Hedge funds and other institutional investors own 78.64% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Zacks Research downgraded shares of WisdomTree from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Weiss Ratings raised shares of WisdomTree from a "hold (c)" rating to a "buy (b-)" rating in a research note on Wednesday, August 19th. The Goldman Sachs Group boosted their price target on WisdomTree from $16.40 to $18.30 and gave the company a "neutral" rating in a report on Tuesday, August 4th. Wall Street Zen raised WisdomTree from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Finally, Oppenheimer raised their price objective on WisdomTree from $22.00 to $27.00 and gave the stock an "outperform" rating in a report on Wednesday, August 26th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $23.66.

WisdomTree Stock Performance

Shares of WT stock opened at $24.12 on Tuesday. The company has a debt-to-equity ratio of 2.53, a quick ratio of 2.73 and a current ratio of 3.00. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 46.39 and a beta of 1.17. WisdomTree, Inc. has a one year low of $10.69 and a one year high of $25.89. The company has a 50 day moving average price of $20.58 and a 200 day moving average price of $18.26.

WisdomTree (NYSE:WT - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.05. The company had revenue of $177.16 million for the quarter, compared to analyst estimates of $170.62 million. WisdomTree had a net margin of 13.27% and a return on equity of 39.12%. WisdomTree's revenue for the quarter was up 57.3% on a year-over-year basis. During the same quarter last year, the business earned $0.18 EPS. Sell-side analysts anticipate that WisdomTree, Inc. will post 1.19 EPS for the current year.

WisdomTree Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, August 12th. WisdomTree's payout ratio is 23.08%.

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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