WisdomTree, Inc. (NYSE:WT) Shares Sold by Point72 Asset Management L.P.

Point72 Asset Management L.P. lessened its position in WisdomTree, Inc. (NYSE:WT) by 61.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 74,500 shares of the company’s stock after selling 118,524 shares during the period. Point72 Asset Management L.P.’s holdings in WisdomTree were worth $782,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Millennium Management LLC lifted its stake in shares of WisdomTree by 532.6% in the fourth quarter. Millennium Management LLC now owns 2,031,534 shares of the company’s stock valued at $21,331,000 after purchasing an additional 1,710,409 shares during the period. Nuveen Asset Management LLC lifted its stake in shares of WisdomTree by 139.9% in the fourth quarter. Nuveen Asset Management LLC now owns 1,270,963 shares of the company’s stock valued at $13,345,000 after purchasing an additional 741,134 shares during the period. ExodusPoint Capital Management LP lifted its stake in shares of WisdomTree by 127.2% in the fourth quarter. ExodusPoint Capital Management LP now owns 1,162,993 shares of the company’s stock valued at $12,211,000 after purchasing an additional 651,121 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of WisdomTree by 358.8% in the fourth quarter. BNP Paribas Financial Markets now owns 714,010 shares of the company’s stock valued at $7,497,000 after purchasing an additional 558,392 shares during the period. Finally, JPMorgan Chase & Co. lifted 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 valued at $9,245,000 after purchasing an additional 538,385 shares during the period. Institutional investors and hedge funds own 78.64% of the company’s stock.

WisdomTree Stock Performance

NYSE:WT opened at $9.49 on Friday. The company has a current ratio of 2.92, a quick ratio of 2.13 and a debt-to-equity ratio of 1.28. The firm has a 50-day moving average price of $8.81 and a two-hundred day moving average price of $9.73. WisdomTree, Inc. has a twelve month low of $7.47 and a twelve month high of $12.45. The company has a market capitalization of $1.40 billion, a P/E ratio of 30.61 and a beta of 1.07.

WisdomTree (NYSE:WT) last posted its earnings results on Friday, May 2nd. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. The firm had revenue of $108.08 million during the quarter, compared to the consensus estimate of $108.47 million. During the same period last year, the firm posted $0.12 EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, research analysts expect that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.03 per share. The ex-dividend date is Wednesday, May 14th. This represents a $0.12 annualized dividend and a yield of 1.26%. WisdomTree’s dividend payout ratio (DPR) is currently 34.29%.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group reduced their price objective on shares of WisdomTree from $9.75 to $8.50 and set a “sell” rating for the company in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, WisdomTree presently has an average rating of “Hold” and an average price target of $12.42.

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.