Norges Bank Invests $918,000 in WisdomTree, Inc. (NYSE:WT)

Norges Bank bought a new stake in WisdomTree, Inc. (NYSE:WT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 87,466 shares of the company's stock, valued at approximately $918,000. Norges Bank owned 0.06% of WisdomTree as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WT. JPMorgan Chase & Co. lifted its stake in WisdomTree by 157.4% during the fourth quarter. JPMorgan Chase & Co. now owns 880,489 shares of the company's stock worth $9,245,000 after purchasing an additional 538,385 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of WisdomTree in the 4th quarter valued at $4,262,000. State Street Corp boosted its holdings in WisdomTree by 7.6% during the 3rd quarter. State Street Corp now owns 5,678,905 shares of the company's stock valued at $56,732,000 after acquiring an additional 399,839 shares during the period. Edgestream Partners L.P. grew its position in WisdomTree by 498.8% in the 4th quarter. Edgestream Partners L.P. now owns 468,117 shares of the company's stock valued at $4,915,000 after acquiring an additional 389,945 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in WisdomTree during the fourth quarter worth about $2,932,000. Hedge funds and other institutional investors own 78.64% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of WisdomTree from $12.00 to $10.50 and set a "market perform" rating for the company in a report on Tuesday, January 14th. The Goldman Sachs Group cut their price objective on WisdomTree from $9.75 to $8.50 and set a "sell" rating on the stock in a research report on Monday. Finally, Northcoast Research lowered WisdomTree from a "buy" rating to a "neutral" rating in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $11.96.

Insider Activity at WisdomTree

In other WisdomTree news, insider Alexis Marinof sold 90,980 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $9.87, for a total value of $897,972.60. Following the completion of the sale, the insider now owns 221,146 shares in the company, valued at approximately $2,182,711.02. The trade was a 29.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.80% of the stock is owned by corporate insiders.

WisdomTree Stock Up 1.3 %

WisdomTree stock traded up $0.11 during midday trading on Thursday, reaching $8.29. The company's stock had a trading volume of 165,606 shares, compared to its average volume of 1,530,177. The company has a market cap of $1.22 billion, a P/E ratio of 26.69 and a beta of 1.26. The company has a quick ratio of 2.13, a current ratio of 2.92 and a debt-to-equity ratio of 1.28. The business has a 50-day simple moving average of $8.82 and a 200-day simple moving average of $9.93. WisdomTree, Inc. has a fifty-two week low of $7.47 and a fifty-two week high of $12.45.

WisdomTree (NYSE:WT - Get Free Report) last posted its earnings results on Friday, January 31st. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. On average, research analysts expect that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a dividend of $0.03 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.12 annualized dividend and a yield of 1.45%. WisdomTree's dividend payout ratio is currently 38.71%.

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.