Schroder Investment Management Group Invests $495,000 in Wheaton Precious Metals Corp. (NYSE:WPM)

Schroder Investment Management Group bought a new position in shares of Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,835 shares of the company's stock, valued at approximately $495,000.

Several other large investors have also recently bought and sold shares of the stock. Versant Capital Management Inc bought a new stake in shares of Wheaton Precious Metals during the 4th quarter worth approximately $29,000. Promus Capital LLC acquired a new position in Wheaton Precious Metals during the fourth quarter worth $32,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Wheaton Precious Metals during the fourth quarter worth $38,000. Laurel Wealth Advisors LLC bought a new stake in Wheaton Precious Metals during the fourth quarter worth $39,000. Finally, Quintet Private Bank Europe S.A. acquired a new stake in Wheaton Precious Metals in the fourth quarter valued at $39,000. 70.34% of the stock is owned by institutional investors and hedge funds.

Wheaton Precious Metals Price Performance

NYSE WPM traded up $4.18 on Friday, reaching $82.08. The stock had a trading volume of 3,609,122 shares, compared to its average volume of 1,650,179. The company has a market cap of $37.24 billion, a P/E ratio of 61.25, a price-to-earnings-growth ratio of 1.91 and a beta of 0.74. The firm has a fifty day moving average of $71.92 and a two-hundred day moving average of $64.86. Wheaton Precious Metals Corp. has a 1-year low of $49.71 and a 1-year high of $82.99.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.01). Wheaton Precious Metals had a net margin of 50.05% and a return on equity of 8.85%. The business had revenue of $380.52 million during the quarter, compared to analyst estimates of $395.74 million. During the same quarter last year, the company posted $0.36 earnings per share. The company's revenue was up 21.4% on a year-over-year basis. Research analysts predict that Wheaton Precious Metals Corp. will post 1.46 EPS for the current fiscal year.

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Wheaton Precious Metals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This is a boost from Wheaton Precious Metals's previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a dividend yield of 0.80%. Wheaton Precious Metals's dividend payout ratio (DPR) is currently 56.90%.

Analyst Ratings Changes

WPM has been the topic of several recent analyst reports. UBS Group boosted their price objective on shares of Wheaton Precious Metals from $78.00 to $89.00 and gave the stock a "buy" rating in a research note on Friday. Royal Bank of Canada boosted their price target on Wheaton Precious Metals from $75.00 to $80.00 and gave the stock a "sector perform" rating in a research report on Friday, April 4th. Stifel Canada raised Wheaton Precious Metals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Raymond James boosted their target price on Wheaton Precious Metals from $75.00 to $88.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Finally, Scotiabank increased their price target on Wheaton Precious Metals from $78.00 to $79.00 and gave the company a "sector outperform" rating in a research note on Monday, March 17th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $75.60.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.