Bank of New York Mellon Corp Raises Holdings in WisdomTree, Inc. (NYSE:WT)

Bank of New York Mellon Corp lifted its holdings in WisdomTree, Inc. (NYSE:WT) by 0.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,042,815 shares of the company’s stock after purchasing an additional 25,759 shares during the quarter. Bank of New York Mellon Corp owned 2.00% of WisdomTree worth $30,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of WT. CWM LLC lifted its position in WisdomTree by 85.8% during the second quarter. CWM LLC now owns 2,746 shares of the company’s stock valued at $27,000 after purchasing an additional 1,268 shares during the period. Gladius Capital Management LP bought a new position in shares of WisdomTree during the 2nd quarter valued at $32,000. Simplex Trading LLC purchased a new position in shares of WisdomTree in the 4th quarter worth $55,000. Bayesian Capital Management LP bought a new stake in shares of WisdomTree in the first quarter worth $105,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in WisdomTree during the first quarter valued at $118,000. Hedge funds and other institutional investors own 78.64% of the company’s stock.

WisdomTree Stock Down 3.9 %

Shares of WT stock opened at $9.74 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.01 and a quick ratio of 2.18. WisdomTree, Inc. has a one year low of $6.06 and a one year high of $12.02. The company’s fifty day moving average price is $10.29 and its 200-day moving average price is $9.50. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 14.32 and a beta of 1.48.

WisdomTree (NYSE:WT) last issued its quarterly earnings results on Friday, July 26th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. WisdomTree had a return on equity of 19.22% and a net margin of 19.72%. The business had revenue of $107.03 million during the quarter, compared to analyst estimates of $103.75 million. Sell-side analysts expect that WisdomTree, Inc. will post 0.62 EPS for the current fiscal year.

WisdomTree Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th were issued a $0.03 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $0.12 dividend on an annualized basis and a yield of 1.23%. WisdomTree’s dividend payout ratio is presently 17.65%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Craig Hallum boosted their price target on WisdomTree from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Oppenheimer upped their target price on shares of WisdomTree from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Northland Securities lifted their price target on shares of WisdomTree from $12.00 to $13.50 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $12.00 price objective (up from $11.00) on shares of WisdomTree in a research note on Monday, July 29th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, WisdomTree has a consensus rating of “Moderate Buy” and a consensus price target of $11.96.

WisdomTree 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.