WisdomTree, Inc. (NYSE:WT) Stake Boosted by Deutsche Bank AG

Deutsche Bank AG increased its position in shares of WisdomTree, Inc. (NYSE:WT) by 14.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 316,477 shares of the company’s stock after purchasing an additional 39,434 shares during the quarter. Deutsche Bank AG owned 0.22% of WisdomTree worth $3,323,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Northern Trust Corp lifted its stake in WisdomTree by 1.1% in the fourth quarter. Northern Trust Corp now owns 1,440,197 shares of the company’s stock valued at $15,122,000 after buying an additional 15,489 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of WisdomTree by 10.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,310,899 shares of the company’s stock valued at $13,764,000 after purchasing an additional 119,762 shares in the last quarter. ExodusPoint Capital Management LP raised its stake in shares of WisdomTree by 127.2% during 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 in the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of WisdomTree by 59.0% during the fourth quarter. Cubist Systematic Strategies LLC now owns 987,187 shares of the company’s stock valued at $10,365,000 after purchasing an additional 366,303 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of WisdomTree by 40.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 916,657 shares of the company’s stock valued at $9,625,000 after purchasing an additional 265,687 shares in the last quarter. 78.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

WisdomTree Price Performance

NYSE:WT opened at $9.73 on Wednesday. The business’s 50-day moving average price is $8.77 and its 200 day moving average price is $9.74. The firm has a market cap of $1.43 billion, a P/E ratio of 31.39 and a beta of 1.07. 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.

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

WisdomTree Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be paid a $0.03 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $0.12 dividend on an annualized basis and a yield of 1.23%. WisdomTree’s dividend payout ratio is currently 34.29%.

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.