Nuveen Asset Management LLC Grows Stock Holdings in WisdomTree, Inc. (NYSE:WT)

Nuveen Asset Management LLC lifted its position in shares of WisdomTree, Inc. (NYSE:WT) by 139.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,270,963 shares of the company’s stock after buying an additional 741,134 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.87% of WisdomTree worth $13,345,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Quarry LP increased its holdings in WisdomTree by 1,778.5% in the 4th quarter. Quarry LP now owns 2,799 shares of the company’s stock valued at $29,000 after acquiring an additional 2,650 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in WisdomTree by 173.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company’s stock valued at $39,000 after acquiring an additional 2,405 shares during the last quarter. Federated Hermes Inc. increased its holdings in WisdomTree by 60.7% in the 4th quarter. Federated Hermes Inc. now owns 4,705 shares of the company’s stock valued at $49,000 after acquiring an additional 1,777 shares during the last quarter. Stonebridge Financial Group LLC bought a new stake in WisdomTree in the 4th quarter valued at $60,000. Finally, KBC Group NV increased its holdings in WisdomTree by 48.4% in the 4th quarter. KBC Group NV now owns 7,792 shares of the company’s stock valued at $82,000 after acquiring an additional 2,540 shares during the last quarter. Hedge funds and other institutional investors own 78.64% of the company’s stock.

WisdomTree Stock Performance

WisdomTree stock opened at $9.38 on Tuesday. The company’s 50-day moving average price is $8.84 and its 200-day moving average price is $9.70. WisdomTree, Inc. has a twelve month low of $7.47 and a twelve month 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 company has a market cap of $1.38 billion, a PE ratio of 30.26 and a beta of 1.07.

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

WisdomTree Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be issued a $0.03 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.28%. WisdomTree’s dividend payout ratio (DPR) is presently 34.29%.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group reduced 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 given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $12.42.

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.