405,946 Shares in WisdomTree, Inc. (NYSE:WT) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of WisdomTree, Inc. (NYSE:WT - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 405,946 shares of the company's stock, valued at approximately $4,262,000. Raymond James Financial Inc. owned 0.28% of WisdomTree as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its holdings in shares of WisdomTree by 10.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,310,899 shares of the company's stock worth $13,764,000 after acquiring an additional 119,762 shares during the period. Smartleaf Asset Management LLC boosted its stake in WisdomTree by 173.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company's stock worth $39,000 after purchasing an additional 2,405 shares during the period. Levin Capital Strategies L.P. boosted its stake in WisdomTree by 31.4% in the 4th quarter. Levin Capital Strategies L.P. now owns 46,519 shares of the company's stock worth $488,000 after purchasing an additional 11,129 shares during the period. Oppenheimer & Co. Inc. grew its holdings in WisdomTree by 99.1% during the 4th quarter. Oppenheimer & Co. Inc. now owns 66,691 shares of the company's stock valued at $700,000 after buying an additional 33,191 shares in the last quarter. Finally, SRN Advisors LLC increased its position in shares of WisdomTree by 102.6% during the fourth quarter. SRN Advisors LLC now owns 106,000 shares of the company's stock valued at $1,113,000 after buying an additional 53,684 shares during the period. Hedge funds and other institutional investors own 78.64% of the company's stock.

Remove Ads

WisdomTree Price Performance

Shares of WT stock traded down $0.21 during trading on Friday, hitting $8.97. The company had a trading volume of 858,493 shares, compared to its average volume of 1,507,026. WisdomTree, Inc. has a 52 week low of $7.96 and a 52 week high of $12.45. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 28.92 and a beta of 1.53. 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 stock's 50-day moving average is $9.26 and its two-hundred day moving average is $10.10.

WisdomTree (NYSE:WT - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate 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 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Wednesday, February 12th. WisdomTree's dividend payout ratio (DPR) is currently 38.71%.

Insider Transactions at WisdomTree

In other WisdomTree news, insider Alexis Marinof sold 90,980 shares of WisdomTree stock in a transaction that occurred 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 approximately $2,182,711.02. This trade represents a 29.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 7.80% of the company's stock.

Wall Street Analyst Weigh In

WT has been the subject of several recent analyst reports. Northcoast Research cut shares of WisdomTree from a "buy" rating to a "neutral" rating in a research note on Thursday, January 2nd. Keefe, Bruyette & Woods cut their price target on shares of WisdomTree from $12.00 to $10.50 and set a "market perform" rating for the company in a report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.54.

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.