JPMorgan Chase & Co. Boosts Position in WisdomTree, Inc. (NYSE:WT)

JPMorgan Chase & Co. raised its holdings in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 157.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 880,489 shares of the company's stock after purchasing an additional 538,385 shares during the quarter. JPMorgan Chase & Co. owned 0.60% of WisdomTree worth $9,245,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its stake in shares of WisdomTree by 173.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company's stock valued at $39,000 after buying an additional 2,405 shares during the period. Stonebridge Financial Group LLC purchased a new position in WisdomTree during the fourth quarter valued at approximately $60,000. KBC Group NV raised its stake in shares of WisdomTree by 48.4% during the 4th quarter. KBC Group NV now owns 7,792 shares of the company's stock worth $82,000 after acquiring an additional 2,540 shares in the last quarter. Xponance Inc. purchased a new stake in WisdomTree during the fourth quarter valued at approximately $105,000. Finally, Cooper Financial Group acquired a new stake in WisdomTree in the fourth quarter valued at approximately $111,000. 78.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at WisdomTree

In other news, insider Alexis Marinof sold 90,980 shares of the company's 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 completion of the sale, the insider now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on WT. Northcoast Research cut WisdomTree from a "buy" rating to a "neutral" rating in a research report on Thursday, January 2nd. The Goldman Sachs Group lowered their price target on WisdomTree from $9.75 to $8.50 and set a "sell" rating for the company in a report on Monday, April 14th. Finally, Keefe, Bruyette & Woods cut 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, WisdomTree currently has a consensus rating of "Hold" and a consensus price target of $12.42.

WisdomTree Price Performance

Shares of NYSE:WT traded up $0.03 during trading on Friday, reaching $8.21. 1,424,417 shares of the company's stock traded hands, compared to its average volume of 1,540,321. The firm has a market cap of $1.21 billion, a PE ratio of 26.47 and a beta of 1.26. WisdomTree, Inc. has a fifty-two week low of $7.47 and a fifty-two week high of $12.45. The company has a quick ratio of 2.13, a current ratio of 2.92 and a debt-to-equity ratio of 1.28. The company has a 50-day simple moving average of $8.76 and a 200-day simple moving average of $9.90.

WisdomTree (NYSE:WT - Get Free Report) last posted its quarterly earnings data 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%. As a group, analysts predict that WisdomTree, Inc. will post 0.72 earnings per share for the current 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 given a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.12 annualized dividend and a dividend yield of 1.46%. 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.