American Century Companies Inc. Raises Stock Holdings in WisdomTree, Inc. (NYSE:WT)

American Century Companies Inc. raised its stake in shares of WisdomTree, Inc. (NYSE:WT) by 24.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 231,482 shares of the company’s stock after purchasing an additional 46,090 shares during the quarter. American Century Companies Inc. owned approximately 0.15% of WisdomTree worth $2,294,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new position in WisdomTree in the 2nd quarter worth about $27,000. Acadian Asset Management LLC purchased a new stake in WisdomTree in the 2nd quarter worth approximately $4,258,000. Los Angeles Capital Management LLC purchased a new stake in WisdomTree during the 2nd quarter valued at approximately $152,000. Wakefield Asset Management LLLP bought a new stake in shares of WisdomTree in the second quarter worth about $989,000. Finally, Foundry Partners LLC bought a new stake in WisdomTree in the 2nd quarter worth approximately $118,000. 78.64% of the stock is owned by hedge funds and other institutional investors.

WisdomTree Trading Up 0.6 %

WT opened at $10.08 on Friday. WisdomTree, Inc. has a 52 week low of $6.06 and a 52 week high of $12.02. The business has a fifty day simple moving average of $10.15 and a 200-day simple moving average of $9.71. The firm has a market cap of $1.53 billion, a P/E ratio of 14.82 and a beta of 1.43. The company has a quick ratio of 2.18, a current ratio of 3.01 and a debt-to-equity ratio of 0.62.

WisdomTree (NYSE:WT) last announced 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 company had revenue of $107.03 million during the quarter, compared to the consensus estimate of $103.75 million. On average, equities analysts expect that WisdomTree, Inc. will post 0.62 earnings per share for the current year.

WisdomTree Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Wednesday, August 7th. WisdomTree’s dividend payout ratio (DPR) is presently 17.65%.

Analysts Set New Price Targets

Several research firms have recently weighed in on WT. Northcoast Research downgraded WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 15th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $12.00 target price (up from $11.00) on shares of WisdomTree in a research report on Monday, July 29th. Craig Hallum increased their price objective on WisdomTree from $12.00 to $15.00 and gave the company a “buy” rating in a report on Monday, July 29th. Northland Securities upped their target price on WisdomTree from $12.00 to $13.50 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Finally, Oppenheimer increased their price target on WisdomTree from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, WisdomTree currently has an average rating of “Moderate Buy” and a consensus target price of $11.96.

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.