Oppenheimer & Co. Inc. Boosts Stake in WisdomTree, Inc. (NYSE:WT)

Oppenheimer & Co. Inc. lifted its holdings in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 99.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,691 shares of the company's stock after acquiring an additional 33,191 shares during the period. Oppenheimer & Co. Inc.'s holdings in WisdomTree were worth $700,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in WT. FMR LLC increased its position 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 acquiring an additional 2,276,452 shares in the last quarter. Azora Capital LP grew its position in WisdomTree by 12.1% in the 3rd quarter. Azora Capital LP now owns 10,609,577 shares of the company's stock worth $105,990,000 after purchasing an additional 1,142,151 shares in the last quarter. Victory Capital Management Inc. grew its position in WisdomTree by 21.3% in the 3rd quarter. Victory Capital Management Inc. now owns 2,332,762 shares of the company's stock worth $23,304,000 after purchasing an additional 410,348 shares in the last quarter. State Street Corp grew its position in WisdomTree by 7.6% in the 3rd quarter. State Street Corp now owns 5,678,905 shares of the company's stock worth $56,732,000 after purchasing an additional 399,839 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS grew its position in WisdomTree by 58.2% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 917,830 shares of the company's stock worth $9,169,000 after purchasing an additional 337,800 shares in the last quarter. 78.64% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

A number of brokerages have issued reports on WT. Keefe, Bruyette & Woods reduced 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. 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 given a buy rating to the company's stock. Based on data from MarketBeat.com, WisdomTree presently has an average rating of "Moderate Buy" and an average price target of $12.54.

Insider Buying and Selling

In related news, insider Alexis Marinof sold 90,980 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $9.87, for a total value of $897,972.60. Following the completion of the transaction, the insider now directly owns 221,146 shares of the company's stock, valued at approximately $2,182,711.02. This trade represents a 29.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.80% of the stock is owned by insiders.

WisdomTree Stock Performance

WT traded up $0.05 during midday trading on Friday, reaching $8.69. The company had a trading volume of 1,269,897 shares, compared to its average volume of 1,799,639. 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 28.02 and a beta of 1.53. WisdomTree, Inc. has a 12-month low of $7.96 and a 12-month high of $12.45. The business has a 50-day moving average price of $9.59 and a two-hundred day moving average price of $10.21.

WisdomTree (NYSE:WT - Get Free Report) last released its 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 net margin of 15.59% and a return on equity of 24.67%. On average, sell-side analysts expect that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

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