Public Employees Retirement Association of Colorado Reduces Stock Position in WisdomTree, Inc. (NYSE:WT)

Public Employees Retirement Association of Colorado trimmed its holdings in WisdomTree, Inc. (NYSE:WT) by 23.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,464 shares of the company’s stock after selling 6,761 shares during the period. Public Employees Retirement Association of Colorado’s holdings in WisdomTree were worth $223,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of WisdomTree by 7.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,998,260 shares of the company’s stock valued at $27,710,000 after purchasing an additional 294,060 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of WisdomTree during the fourth quarter valued at about $385,000. Azora Capital LP increased its position in shares of WisdomTree by 3.6% during the fourth quarter. Azora Capital LP now owns 7,793,321 shares of the company’s stock valued at $54,008,000 after buying an additional 268,277 shares during the period. Point72 Europe London LLP lifted its holdings in shares of WisdomTree by 18.9% in the fourth quarter. Point72 Europe London LLP now owns 516,800 shares of the company’s stock worth $3,581,000 after buying an additional 82,300 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in WisdomTree by 3.8% in the 4th quarter. Wellington Management Group LLP now owns 3,897,242 shares of the company’s stock valued at $27,008,000 after purchasing an additional 141,354 shares during the period. Institutional investors own 78.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on WT shares. Northland Securities raised their price target on WisdomTree from $12.00 to $13.50 and gave the company an “outperform” rating in a report on Monday, July 29th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $12.00 price target (up from $11.00) on shares of WisdomTree in a research report on Monday, July 29th. Northcoast Research lowered shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 15th. Oppenheimer boosted their target price on WisdomTree from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Finally, Craig Hallum raised their price target on WisdomTree from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $11.96.

WisdomTree Stock Performance

Shares of WT opened at $10.08 on Friday. The company has a quick ratio of 2.18, a current ratio of 3.01 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1.53 billion, a P/E ratio of 14.82 and a beta of 1.43. The business’s 50 day moving average price is $10.15 and its 200-day moving average price is $9.71. WisdomTree, Inc. has a 52 week low of $6.06 and a 52 week high of $12.02.

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

WisdomTree Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Wednesday, August 7th. WisdomTree’s payout ratio is 17.65%.

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.