Millennium Management LLC Sells 136,551 Shares of WisdomTree, Inc. (NYSE:WT)

Millennium Management LLC cut its holdings in WisdomTree, Inc. (NYSE:WT - Free Report) by 13.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 917,209 shares of the company's stock after selling 136,551 shares during the quarter. Millennium Management LLC owned about 0.60% of WisdomTree worth $9,090,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WT. CWM LLC raised its holdings in shares of WisdomTree by 85.8% during the second quarter. CWM LLC now owns 2,746 shares of the company's stock worth $27,000 after acquiring an additional 1,268 shares during the period. Headlands Technologies LLC acquired a new stake in WisdomTree in the 2nd quarter valued at $27,000. Gladius Capital Management LP acquired a new stake in WisdomTree in the 2nd quarter valued at $32,000. Bayesian Capital Management LP acquired a new stake in WisdomTree in the 1st quarter valued at $105,000. Finally, Benjamin Edwards Inc. acquired a new stake in WisdomTree in the 2nd quarter valued at $115,000. 78.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on WT shares. Keefe, Bruyette & Woods restated a "market perform" rating and set a $12.00 price objective (up from $11.00) on shares of WisdomTree in a research note on Monday, July 29th. Craig Hallum upped their price target on shares of WisdomTree from $12.00 to $15.00 and gave the company a "buy" rating in a research note on Monday, July 29th. Northland Securities increased their target price on shares of WisdomTree from $12.00 to $13.50 and gave the stock an "outperform" rating in a research report on Monday, July 29th. Oppenheimer increased their target price on shares of WisdomTree from $12.00 to $13.00 and gave the stock an "outperform" rating in a research report on Monday, July 29th. Finally, Northcoast Research lowered shares of WisdomTree from a "strong-buy" rating to a "hold" rating in a research report on Sunday, September 15th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $11.96.

WisdomTree Price Performance

NYSE:WT traded down $0.02 on Wednesday, hitting $9.84. The company had a trading volume of 639,782 shares, compared to its average volume of 1,270,034. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 14.50 and a beta of 1.43. The company has a current ratio of 3.01, a quick ratio of 2.18 and a debt-to-equity ratio of 0.62. The firm has a 50 day moving average of $9.96 and a two-hundred day moving average of $9.77. WisdomTree, Inc. has a 52 week low of $6.06 and a 52 week high of $12.02.

WisdomTree (NYSE:WT - Get Free Report) last issued its quarterly earnings data on Friday, July 26th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $107.03 million during the quarter, compared to the consensus estimate of $103.75 million. WisdomTree had a net margin of 19.72% and a return on equity of 19.22%. On average, research analysts anticipate that WisdomTree, Inc. will post 0.62 earnings per share for the current year.

WisdomTree Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Wednesday, August 7th. WisdomTree's dividend payout ratio is currently 17.65%.

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.