WisdomTree, Inc. (NYSE:WT) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in WisdomTree, Inc. (NYSE:WT) by 2.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 743,700 shares of the company’s stock after buying an additional 15,355 shares during the quarter. Principal Financial Group Inc. owned approximately 0.51% of WisdomTree worth $6,634,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP raised its holdings in shares of WisdomTree by 1,778.5% during the 4th quarter. Quarry LP now owns 2,799 shares of the company’s stock valued at $29,000 after buying an additional 2,650 shares during the period. Byrne Asset Management LLC raised its position in shares of WisdomTree by 114.0% during the first quarter. Byrne Asset Management LLC now owns 3,852 shares of the company’s stock worth $34,000 after purchasing an additional 2,052 shares during the period. Versant Capital Management Inc grew its holdings in shares of WisdomTree by 310.5% during the first quarter. Versant Capital Management Inc now owns 5,263 shares of the company’s stock valued at $47,000 after buying an additional 3,981 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of WisdomTree by 60.7% during the fourth quarter. Federated Hermes Inc. now owns 4,705 shares of the company’s stock valued at $49,000 after buying an additional 1,777 shares in the last quarter. Finally, Xponance Inc. purchased a new position in WisdomTree in the fourth quarter valued at about $105,000. Hedge funds and other institutional investors own 78.64% of the company’s stock.

WisdomTree Price Performance

WT stock opened at $12.57 on Wednesday. WisdomTree, Inc. has a 12 month low of $7.47 and a 12 month high of $12.84. The company has a current ratio of 3.83, a quick ratio of 2.79 and a debt-to-equity ratio of 1.23. The company has a 50-day moving average price of $10.49 and a 200 day moving average price of $9.59. The stock has a market cap of $1.85 billion, a PE ratio of 35.91 and a beta of 1.14.

WisdomTree (NYSE:WT) last issued 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 firm had revenue of $108.08 million for the quarter, compared to the consensus estimate of $108.47 million. WisdomTree had a net margin of 15.77% and a return on equity of 25.46%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 EPS. Equities research analysts anticipate that WisdomTree, Inc. will post 0.72 earnings per share for the current year.

WisdomTree Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Wednesday, May 14th. WisdomTree’s dividend payout ratio (DPR) is presently 34.29%.

Wall Street Analyst Weigh In

A number of research firms recently commented on WT. Morgan Stanley increased their price target on WisdomTree from $9.75 to $11.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 2nd. The Goldman Sachs Group raised WisdomTree from a “sell” rating to a “neutral” rating and increased their price target for the company from $9.50 to $11.90 in a research note on Friday, June 27th. Finally, Northcoast Research raised WisdomTree from a “neutral” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Wednesday, July 2nd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $12.99.

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.