American Century Companies Inc. Boosts Stake in WisdomTree, Inc. $WT

American Century Companies Inc. raised its stake in shares of WisdomTree, Inc. (NYSE:WT) by 11.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 369,747 shares of the company’s stock after buying an additional 37,343 shares during the quarter. American Century Companies Inc. owned about 0.25% of WisdomTree worth $3,298,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Sheaff Brock Investment Advisors LLC boosted its stake in shares of WisdomTree by 2.8% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 42,908 shares of the company’s stock valued at $383,000 after acquiring an additional 1,155 shares during the last quarter. Byrne Asset Management LLC lifted its holdings in WisdomTree by 114.0% in the 1st quarter. Byrne Asset Management LLC now owns 3,852 shares of the company’s stock valued at $34,000 after purchasing an additional 2,052 shares in the last quarter. Quarry LP boosted its stake in shares of WisdomTree by 1,778.5% during the 4th quarter. Quarry LP now owns 2,799 shares of the company’s stock worth $29,000 after purchasing an additional 2,650 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of WisdomTree by 3.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,343 shares of the company’s stock worth $833,000 after purchasing an additional 2,709 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of WisdomTree by 5.0% during the first quarter. Oppenheimer & Co. Inc. now owns 70,050 shares of the company’s stock worth $625,000 after buying an additional 3,359 shares in the last quarter. 78.64% of the stock is owned by institutional investors and hedge funds.

WisdomTree Stock Performance

NYSE:WT opened at $13.63 on Friday. The company has a market cap of $2.00 billion, a P/E ratio of 34.94 and a beta of 1.16. The firm’s 50 day moving average is $12.80 and its two-hundred day moving average is $10.38. WisdomTree, Inc. has a fifty-two week low of $7.47 and a fifty-two week high of $13.79. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 0.82.

WisdomTree (NYSE:WT) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. The company had revenue of $112.60 million during the quarter, compared to analysts’ expectations of $110.66 million. WisdomTree had a net margin of 16.25% and a return on equity of 25.17%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.16 EPS. Analysts expect that WisdomTree, Inc. will post 0.72 EPS for the current year.

WisdomTree Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were paid a dividend of $0.03 per share. The ex-dividend date was Wednesday, August 13th. This represents a $0.12 annualized dividend and a yield of 0.9%. WisdomTree’s dividend payout ratio is currently 30.77%.

Analyst Upgrades and Downgrades

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

Insider Activity at WisdomTree

In related news, COO R Jarrett Lilien sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $13.33, for a total value of $333,250.00. Following the transaction, the chief operating officer owned 1,048,638 shares in the company, valued at approximately $13,978,344.54. This trade represents a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 9.30% of the stock is currently owned by company insiders.

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.