Canada Pension Plan Investment Board Takes $1.85 Million Position in WisdomTree, Inc. (NYSE:WT)

Canada Pension Plan Investment Board purchased a new stake in shares of WisdomTree, Inc. (NYSE:WT - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 176,400 shares of the company's stock, valued at approximately $1,852,000. Canada Pension Plan Investment Board owned about 0.12% of WisdomTree as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Navellier & Associates Inc. grew its position in WisdomTree by 11.4% during the 4th quarter. Navellier & Associates Inc. now owns 15,226 shares of the company's stock worth $160,000 after purchasing an additional 1,556 shares during the period. Federated Hermes Inc. boosted its stake in shares of WisdomTree by 60.7% in the fourth quarter. Federated Hermes Inc. now owns 4,705 shares of the company's stock worth $49,000 after buying an additional 1,777 shares during the last quarter. EntryPoint Capital LLC grew its holdings in WisdomTree by 6.7% during the fourth quarter. EntryPoint Capital LLC now owns 29,622 shares of the company's stock worth $311,000 after acquiring an additional 1,870 shares during the period. Bank of Montreal Can raised its position in WisdomTree by 11.6% during the fourth quarter. Bank of Montreal Can now owns 18,702 shares of the company's stock valued at $196,000 after acquiring an additional 1,951 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in WisdomTree by 173.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company's stock valued at $39,000 after acquiring an additional 2,405 shares during the period. Hedge funds and other institutional investors own 78.64% of the company's stock.

Insider Buying and Selling

In other 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 transaction, the insider now owns 221,146 shares in the company, valued at $2,182,711.02. The trade was a 29.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Northcoast Research lowered shares of WisdomTree from a "buy" rating to a "neutral" rating in a report on Thursday, January 2nd. Keefe, Bruyette & Woods decreased their price objective on shares of WisdomTree from $12.00 to $10.50 and set a "market perform" rating for the company in a research report on Tuesday, January 14th. Finally, The Goldman Sachs Group lowered their target price on shares of WisdomTree from $9.75 to $8.50 and set a "sell" rating on the stock in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $12.42.

WisdomTree Price Performance

Shares of NYSE:WT traded down $0.03 during trading on Tuesday, reaching $8.69. The stock had a trading volume of 102,346 shares, compared to its average volume of 1,530,531. The business has a fifty day moving average price of $8.62 and a 200-day moving average price of $9.85. WisdomTree, Inc. has a 1-year low of $7.47 and a 1-year high of $12.45. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.13 and a current ratio of 2.92. The stock has a market cap of $1.28 billion, a PE ratio of 28.05 and a beta of 1.26.

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

WisdomTree Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.12 annualized dividend and a dividend yield of 1.38%. WisdomTree's dividend payout ratio is presently 38.71%.

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.