Horizon Kinetics Asset Management LLC Decreases Stock Holdings in WisdomTree, Inc. (NYSE:WT)

Horizon Kinetics Asset Management LLC reduced its holdings in shares of WisdomTree, Inc. (NYSE:WT) by 2.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 206,302 shares of the company’s stock after selling 5,271 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in WisdomTree were worth $2,061,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Victory Capital Management Inc. increased its position in shares of WisdomTree by 21.3% during the 3rd quarter. Victory Capital Management Inc. now owns 2,332,762 shares of the company’s stock valued at $23,304,000 after purchasing an additional 410,348 shares during the last quarter. SG Americas Securities LLC grew its position in WisdomTree by 588.2% during the second quarter. SG Americas Securities LLC now owns 73,295 shares of the company’s stock valued at $726,000 after buying an additional 62,644 shares during the period. Wakefield Asset Management LLLP purchased a new stake in WisdomTree during the second quarter worth about $989,000. Janus Henderson Group PLC raised its position in WisdomTree by 7.5% in the first quarter. Janus Henderson Group PLC now owns 2,788,746 shares of the company’s stock worth $25,629,000 after acquiring an additional 194,369 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in WisdomTree by 26.9% in the third quarter. Principal Financial Group Inc. now owns 708,842 shares of the company’s stock valued at $7,081,000 after acquiring an additional 150,257 shares during the last quarter. Hedge funds and other institutional investors own 78.64% of the company’s stock.

WisdomTree Price Performance

Shares of NYSE WT opened at $12.20 on Tuesday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 2.16 and a current ratio of 2.88. WisdomTree, Inc. has a fifty-two week low of $6.24 and a fifty-two week high of $12.45. The stock has a market cap of $1.78 billion, a PE ratio of 42.07 and a beta of 1.43. The stock has a fifty day moving average of $10.51 and a 200-day moving average of $10.17.

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend was Wednesday, November 6th. WisdomTree’s payout ratio is presently 41.38%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on WT shares. Craig Hallum raised their price target on shares of WisdomTree from $12.00 to $15.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. UBS Group raised their target price on WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Oppenheimer boosted their target price on WisdomTree from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Northland Securities increased their price target on WisdomTree from $12.00 to $13.50 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $12.00 price objective (up previously from $11.00) on shares of WisdomTree in a report on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $12.25.

Insider Activity

In other news, CEO Jonathan L. Steinberg purchased 67,869 shares of WisdomTree stock in a transaction dated Friday, November 8th. The stock was purchased at an average cost of $10.84 per share, for a total transaction of $735,699.96. Following the transaction, the chief executive officer now directly owns 9,240,707 shares of the company’s stock, valued at approximately $100,169,263.88. This trade represents a 0.74 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Peter M. Ziemba sold 100,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $11.43, for a total transaction of $1,143,000.00. Following the completion of the transaction, the insider now directly owns 948,386 shares in the company, valued at approximately $10,840,051.98. The trade was a 9.54 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 7.80% of the company’s stock.

WisdomTree 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.