Benjamin Edwards Inc. Boosts Stake in WisdomTree, Inc. (NYSE:WT)

Benjamin Edwards Inc. boosted its stake in shares of WisdomTree, Inc. (NYSE:WT) by 39.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,881 shares of the company’s stock after purchasing an additional 12,126 shares during the period. Benjamin Edwards Inc.’s holdings in WisdomTree were worth $450,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Northern Trust Corp increased its stake in shares of WisdomTree by 1.1% in the fourth quarter. Northern Trust Corp now owns 1,440,197 shares of the company’s stock worth $15,122,000 after purchasing an additional 15,489 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in WisdomTree by 10.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,310,899 shares of the company’s stock worth $13,764,000 after buying an additional 119,762 shares in the last quarter. ExodusPoint Capital Management LP raised its holdings in WisdomTree by 127.2% during the fourth quarter. ExodusPoint Capital Management LP now owns 1,162,993 shares of the company’s stock valued at $12,211,000 after acquiring an additional 651,121 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of WisdomTree by 40.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 916,657 shares of the company’s stock valued at $9,625,000 after acquiring an additional 265,687 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of WisdomTree by 157.4% in the fourth quarter. JPMorgan Chase & Co. now owns 880,489 shares of the company’s stock worth $9,245,000 after acquiring an additional 538,385 shares during the period. Institutional investors own 78.64% of the company’s stock.

WisdomTree Trading Up 0.5 %

WT opened at $9.43 on Friday. The stock has a 50-day moving average of $8.62 and a 200 day moving average of $9.77. The company has a current ratio of 2.92, a quick ratio of 2.13 and a debt-to-equity ratio of 1.28. WisdomTree, Inc. has a 12 month low of $7.47 and a 12 month high of $12.45. The firm has a market cap of $1.39 billion, a P/E ratio of 30.42 and a beta of 1.07.

WisdomTree (NYSE:WT) last announced its earnings results on Friday, May 2nd. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. The firm had revenue of $108.08 million during the quarter, compared to analysts’ expectations of $108.47 million. During the same quarter in the previous year, the business earned $0.12 EPS. The company’s quarterly revenue was up 11.7% on a year-over-year basis. As a group, research analysts forecast that WisdomTree, Inc. will post 0.72 EPS for the current year.

WisdomTree Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.12 annualized dividend and a dividend yield of 1.27%. WisdomTree’s dividend payout ratio (DPR) is presently 34.29%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on WT shares. The Goldman Sachs Group decreased their target price on WisdomTree from $9.75 to $8.50 and set a “sell” rating on the stock in a research note on Monday, April 14th. Keefe, Bruyette & Woods lowered their target price on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating on the stock in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $12.42.

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.