MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 2,709 Shares of WisdomTree, Inc. (NYSE:WT)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of WisdomTree, Inc. (NYSE:WT) by 3.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,343 shares of the company’s stock after acquiring an additional 2,709 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.05% of WisdomTree worth $833,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of WT. Graham Capital Management L.P. increased its holdings in WisdomTree by 76.5% during the 4th quarter. Graham Capital Management L.P. now owns 192,024 shares of the company’s stock valued at $2,016,000 after purchasing an additional 83,243 shares during the period. D. E. Shaw & Co. Inc. bought a new stake in shares of WisdomTree in the 4th quarter worth approximately $2,842,000. Deutsche Bank AG increased its stake in shares of WisdomTree by 14.2% during the fourth quarter. Deutsche Bank AG now owns 316,477 shares of the company’s stock valued at $3,323,000 after buying an additional 39,434 shares during the period. CoreCap Advisors LLC bought a new position in shares of WisdomTree during the fourth quarter valued at approximately $703,000. Finally, Corton Capital Inc. purchased a new stake in WisdomTree in the fourth quarter worth $304,000. 78.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

WisdomTree Stock Down 1.0%

Shares of NYSE:WT opened at $9.38 on Tuesday. The firm has a market capitalization of $1.38 billion, a P/E ratio of 30.26 and a beta of 1.07. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.13 and a current ratio of 2.92. The stock has a 50 day moving average price of $8.84 and a 200-day moving average price of $9.70. WisdomTree, Inc. has a 52-week low of $7.47 and a 52-week high of $12.45.

WisdomTree (NYSE:WT) last posted its quarterly earnings data on Friday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. The business had revenue of $108.08 million during the quarter, compared to the consensus estimate of $108.47 million. WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.12 earnings per share. As a group, equities research analysts anticipate that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Announces Dividend

The firm 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 of this dividend is Wednesday, May 14th. This represents a $0.12 annualized dividend and a dividend yield of 1.28%. WisdomTree’s payout ratio is 34.29%.

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.