The Manufacturers Life Insurance Company Sells 3,112 Shares of WisdomTree, Inc. (NYSE:WT)

The Manufacturers Life Insurance Company reduced its position in WisdomTree, Inc. (NYSE:WT) by 4.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,396 shares of the company’s stock after selling 3,112 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in WisdomTree were worth $697,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WT. ExodusPoint Capital Management LP raised its position in WisdomTree by 127.2% during the 4th 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 last quarter. JPMorgan Chase & Co. boosted its stake in WisdomTree by 157.4% during the 4th 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 last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of WisdomTree by 188.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 722,586 shares of the company’s stock worth $7,587,000 after acquiring an additional 472,505 shares during the period. Raymond James Financial Inc. bought a new stake in shares of WisdomTree in the fourth quarter worth $4,262,000. Finally, Edgestream Partners L.P. grew its holdings in shares of WisdomTree by 498.8% in the fourth quarter. Edgestream Partners L.P. now owns 468,117 shares of the company’s stock worth $4,915,000 after acquiring an additional 389,945 shares during the period. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

WisdomTree Price Performance

Shares of WisdomTree stock opened at $9.55 on Friday. WisdomTree, Inc. has a 52 week low of $7.47 and a 52 week high of $12.45. The company has a quick ratio of 2.13, a current ratio of 2.92 and a debt-to-equity ratio of 1.28. The stock’s 50-day simple moving average is $8.69 and its 200-day simple moving average is $9.75. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 30.81 and a beta of 1.07.

WisdomTree (NYSE:WT) last issued its earnings results on Friday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 for the quarter, compared to analysts’ expectations of $108.47 million. During the same period in the previous year, the firm posted $0.12 earnings per share. The business’s revenue was up 11.7% compared to the same quarter last year. As a group, analysts expect that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

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

Wall Street Analyst Weigh In

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