Massachusetts Financial Services Co. MA Reduces Stock Holdings in WisdomTree, Inc. $WT

Massachusetts Financial Services Co. MA lowered its stake in WisdomTree, Inc. (NYSE:WT) by 28.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,565,704 shares of the company’s stock after selling 1,012,895 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in WisdomTree were worth $35,663,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Maryland State Retirement & Pension System boosted its stake in shares of WisdomTree by 2.3% during the 2nd quarter. Maryland State Retirement & Pension System now owns 34,056 shares of the company’s stock valued at $392,000 after purchasing an additional 778 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in WisdomTree by 3.4% in the third quarter. Oregon Public Employees Retirement Fund now owns 27,056 shares of the company’s stock worth $376,000 after buying an additional 900 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in WisdomTree by 4.2% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 22,957 shares of the company’s stock worth $264,000 after buying an additional 927 shares during the period. Personal CFO Solutions LLC boosted its position in WisdomTree by 7.9% during the 2nd quarter. Personal CFO Solutions LLC now owns 13,422 shares of the company’s stock valued at $154,000 after acquiring an additional 986 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in shares of WisdomTree by 2.2% during the 3rd quarter. Louisiana State Employees Retirement System now owns 55,300 shares of the company’s stock worth $769,000 after acquiring an additional 1,200 shares during the period. 78.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WT. The Goldman Sachs Group lowered their target price on WisdomTree from $14.75 to $13.25 and set a “neutral” rating for the company in a research note on Tuesday, November 25th. Morgan Stanley raised their price objective on WisdomTree from $13.50 to $14.75 and gave the company an “equal weight” rating in a research report on Wednesday, December 17th. Zacks Research raised shares of WisdomTree from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Wall Street Zen raised shares of WisdomTree from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings raised shares of WisdomTree from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.80.

WisdomTree Stock Performance

WT stock opened at $15.75 on Thursday. The stock’s 50 day simple moving average is $12.28 and its 200 day simple moving average is $12.84. The company has a current ratio of 2.82, a quick ratio of 2.41 and a debt-to-equity ratio of 2.16. WisdomTree, Inc. has a 12-month low of $7.47 and a 12-month high of $15.88. The stock has a market capitalization of $2.22 billion, a PE ratio of 24.23 and a beta of 1.08.

WisdomTree (NYSE:WT) last posted its earnings results on Friday, October 31st. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. WisdomTree had a return on equity of 26.59% and a net margin of 21.10%.The business had revenue of $125.62 million during the quarter, compared to analyst estimates of $122.00 million. During the same quarter last year, the company earned $0.18 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, research analysts forecast that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were given a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $0.12 dividend on an annualized basis and a yield of 0.8%. WisdomTree’s payout ratio is 18.46%.

Insider Activity

In other WisdomTree news, insider David M. Yates sold 6,820 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $11.12, for a total transaction of $75,838.40. Following the transaction, the insider owned 152,123 shares in the company, valued at approximately $1,691,607.76. This represents a 4.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO R Jarrett Lilien sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $11.77, for a total transaction of $294,250.00. Following the sale, the chief operating officer directly owned 1,011,138 shares in the company, valued at approximately $11,901,094.26. The trade was a 2.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 44,320 shares of company stock worth $507,713 in the last 90 days. Company insiders own 9.30% of the company’s stock.

WisdomTree 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.