Charles Schwab Investment Management Inc. Purchases 119,762 Shares of WisdomTree, Inc. (NYSE:WT)

Charles Schwab Investment Management Inc. grew its stake in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 10.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,310,899 shares of the company's stock after buying an additional 119,762 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.90% of WisdomTree worth $13,764,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. GSA Capital Partners LLP bought a new stake in WisdomTree in the 3rd quarter valued at $333,000. Oppenheimer & Co. Inc. lifted its holdings in shares of WisdomTree by 3.1% in the third quarter. Oppenheimer & Co. Inc. now owns 33,500 shares of the company's stock valued at $335,000 after purchasing an additional 1,000 shares in the last quarter. Quest Partners LLC acquired a new position in shares of WisdomTree during the third quarter worth about $377,000. Intech Investment Management LLC bought a new position in shares of WisdomTree during the third quarter worth about $345,000. Finally, Foundry Partners LLC lifted its stake in WisdomTree by 15.9% in the 3rd quarter. Foundry Partners LLC now owns 13,850 shares of the company's stock valued at $138,000 after acquiring an additional 1,900 shares in the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Alexis Marinof sold 90,980 shares of the 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 transaction, the insider now directly owns 221,146 shares of the company's stock, valued at $2,182,711.02. This represents a 29.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.80% of the company's stock.

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Analyst Ratings Changes

A number of brokerages have recently issued reports on WT. Keefe, Bruyette & Woods dropped their price objective on WisdomTree from $12.00 to $10.50 and set a "market perform" rating on the stock in a research note on Tuesday, January 14th. Northcoast Research downgraded shares of WisdomTree from a "buy" rating to a "neutral" rating in a research report on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.54.

WisdomTree Trading Up 3.1 %

Shares of NYSE:WT traded up $0.28 during trading on Tuesday, reaching $9.33. The stock had a trading volume of 1,689,333 shares, compared to its average volume of 1,450,771. WisdomTree, Inc. has a 52 week low of $7.96 and a 52 week high of $12.45. The firm's fifty day moving average is $9.29 and its 200 day moving average is $10.10. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 30.10 and a beta of 1.53. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.13 and a current ratio of 2.92.

WisdomTree (NYSE:WT - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates 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 forecast that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend was Wednesday, February 12th. WisdomTree's dividend payout ratio (DPR) is presently 38.71%.

About WisdomTree

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.