Amundi increased its position in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 119.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,148 shares of the company's stock after purchasing an additional 34,323 shares during the period. Amundi's holdings in WisdomTree were worth $607,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in WT. FMR LLC grew its holdings in shares of WisdomTree by 390.7% during the third quarter. FMR LLC now owns 2,859,073 shares of the company's stock worth $28,562,000 after buying an additional 2,276,452 shares during the last quarter. Azora Capital LP raised its position in WisdomTree by 12.1% during the third quarter. Azora Capital LP now owns 10,609,577 shares of the company's stock worth $105,990,000 after acquiring an additional 1,142,151 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in WisdomTree in the 4th quarter valued at approximately $4,262,000. State Street Corp boosted its stake in shares of WisdomTree by 7.6% during the third 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 last quarter. Finally, Edgestream Partners L.P. grew its holdings in shares of WisdomTree by 498.8% during the fourth quarter. Edgestream Partners L.P. now owns 468,117 shares of the company's stock worth $4,915,000 after buying an additional 389,945 shares in the last quarter. Hedge funds and other institutional investors own 78.64% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently weighed in on WT. Northcoast Research lowered shares of WisdomTree from a "buy" rating to a "neutral" rating in a report on Thursday, January 2nd. Keefe, Bruyette & Woods reduced their price target on WisdomTree from $12.00 to $10.50 and set a "market perform" rating on the stock in a research report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $12.54.
Read Our Latest Stock Report on WisdomTree
Insider Activity at WisdomTree
In other WisdomTree news, insider Alexis Marinof sold 90,980 shares of WisdomTree stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $9.87, for a total transaction of $897,972.60. Following the sale, the insider now owns 221,146 shares of the company's stock, valued at $2,182,711.02. The trade was a 29.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 7.80% of the company's stock.
WisdomTree Stock Performance
WT stock traded up $0.37 during trading on Monday, hitting $9.06. 1,932,235 shares of the company's stock traded hands, compared to its average volume of 1,450,888. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 29.21 and a beta of 1.53. WisdomTree, Inc. has a 52 week low of $7.96 and a 52 week high of $12.45. The stock has a fifty day moving average price of $9.30 and a two-hundred day moving average price of $10.11. The company has a quick ratio of 2.13, a current ratio of 2.92 and a debt-to-equity ratio of 1.28.
WisdomTree (NYSE:WT - Get Free Report) last released its quarterly earnings data 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%. As a group, equities analysts anticipate that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.
WisdomTree Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.12 dividend on an annualized basis and a yield of 1.33%. WisdomTree's dividend payout ratio is currently 38.71%.
About WisdomTree
(
Free Report)
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.
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