Swiss National Bank Has $2.02 Million Holdings in WisdomTree, Inc. $WT

Swiss National Bank lessened its stake in WisdomTree, Inc. (NYSE:WT) by 1.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 226,400 shares of the company’s stock after selling 3,500 shares during the quarter. Swiss National Bank owned about 0.15% of WisdomTree worth $2,019,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Deutsche Bank AG increased its position in WisdomTree by 52.6% in the 1st quarter. Deutsche Bank AG now owns 483,099 shares of the company’s stock valued at $4,309,000 after acquiring an additional 166,622 shares in the last quarter. XTX Topco Ltd boosted its stake in shares of WisdomTree by 88.9% in the 1st quarter. XTX Topco Ltd now owns 154,068 shares of the company’s stock valued at $1,374,000 after purchasing an additional 72,523 shares during the last quarter. Sheaff Brock Investment Advisors LLC boosted its stake in shares of WisdomTree by 2.8% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 42,908 shares of the company’s stock valued at $383,000 after purchasing an additional 1,155 shares during the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in shares of WisdomTree in the 1st quarter valued at about $238,000. Finally, Cetera Investment Advisers boosted its stake in shares of WisdomTree by 29.7% in the 1st quarter. Cetera Investment Advisers now owns 90,503 shares of the company’s stock valued at $807,000 after purchasing an additional 20,724 shares during the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

WisdomTree Stock Up 2.4%

WisdomTree stock opened at $13.2350 on Friday. The company’s 50 day simple moving average is $12.48 and its 200 day simple moving average is $10.25. WisdomTree, Inc. has a fifty-two week low of $7.47 and a fifty-two week high of $13.79. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 33.94 and a beta of 1.16. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.44 and a quick ratio of 1.04.

WisdomTree (NYSE:WT) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. WisdomTree had a net margin of 16.25% and a return on equity of 25.17%. The business had revenue of $112.60 million for the quarter, compared to analyst estimates of $110.66 million. During the same quarter last year, the firm earned $0.16 EPS. WisdomTree’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that WisdomTree, Inc. will post 0.72 EPS for the current year.

WisdomTree Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $0.12 annualized dividend and a yield of 0.9%. WisdomTree’s dividend payout ratio (DPR) is presently 30.77%.

Insiders Place Their Bets

In related news, COO R Jarrett Lilien sold 25,000 shares of WisdomTree stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $13.33, for a total transaction of $333,250.00. Following the transaction, the chief operating officer owned 1,048,638 shares of the company’s stock, valued at $13,978,344.54. This trade represents a 2.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 9.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on WT shares. Northcoast Research raised shares of WisdomTree from a “neutral” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Wednesday, July 2nd. Morgan Stanley raised their target price on shares of WisdomTree from $11.50 to $12.50 and gave the company an “equal weight” rating in a research note on Monday, August 18th. The Goldman Sachs Group raised shares of WisdomTree from a “sell” rating to a “neutral” rating and raised their target price for the company from $9.50 to $11.90 in a research note on Friday, June 27th. Craig Hallum reaffirmed a “buy” rating on shares of WisdomTree in a research note on Monday, August 4th. Finally, Oppenheimer raised their target price on shares of WisdomTree from $12.00 to $15.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.15.

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.