Massachusetts Financial Services Co. MA Sells 837,274 Shares of WisdomTree, Inc. (NYSE:WT)

Massachusetts Financial Services Co. MA lowered its stake in shares of WisdomTree, Inc. (NYSE:WT) by 18.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,685,098 shares of the company’s stock after selling 837,274 shares during the quarter. Massachusetts Financial Services Co. MA owned 2.52% of WisdomTree worth $38,694,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its position 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 buying an additional 2,405 shares during the period. Stonebridge Financial Group LLC purchased a new position in WisdomTree during the 4th quarter valued at $60,000. KBC Group NV grew its position in WisdomTree by 48.4% in the 4th quarter. KBC Group NV now owns 7,792 shares of the company’s stock valued at $82,000 after acquiring an additional 2,540 shares during the last quarter. Xponance Inc. purchased a new stake in WisdomTree in the fourth quarter worth $105,000. Finally, Cooper Financial Group bought a new stake in shares of WisdomTree during the fourth quarter worth $111,000. Hedge funds and other institutional investors own 78.64% of the company’s stock.

Insiders Place Their Bets

In other news, insider Alexis Marinof sold 90,980 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $9.87, for a total transaction of $897,972.60. Following the sale, the insider now directly owns 221,146 shares of the company’s stock, valued at $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 is available through this hyperlink. Corporate insiders own 7.80% of the company’s stock.

WisdomTree Stock Performance

Shares of NYSE:WT opened at $7.95 on Friday. The firm has a 50 day moving average of $9.15 and a 200 day moving average of $10.06. 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 company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 25.63 and a beta of 1.26. WisdomTree, Inc. has a 52 week low of $7.79 and a 52 week high of $12.45.

WisdomTree (NYSE:WT) last released its quarterly earnings results on Friday, January 31st. The company reported $0.17 EPS 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, sell-side analysts predict 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, February 26th. Stockholders of record on Wednesday, February 12th were given a $0.03 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.51%. WisdomTree’s payout ratio is 38.71%.

Analyst Ratings Changes

A number of research analysts have recently commented on WT shares. Keefe, Bruyette & Woods cut their price target on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating on the stock in a report on Tuesday, January 14th. Northcoast Research lowered shares of WisdomTree from a “buy” rating to a “neutral” rating in a research report on Thursday, January 2nd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, WisdomTree has a consensus rating of “Moderate Buy” and a consensus target price of $12.54.

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.