American Century Companies Inc. Acquires 511,300 Shares of WisdomTree, Inc. $WT

American Century Companies Inc. raised its holdings in WisdomTree, Inc. (NYSE:WT) by 138.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 881,047 shares of the company’s stock after purchasing an additional 511,300 shares during the period. American Century Companies Inc. owned 0.60% of WisdomTree worth $10,141,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Quarry LP boosted its holdings in WisdomTree by 112.4% in the 1st quarter. Quarry LP now owns 5,944 shares of the company’s stock worth $53,000 after buying an additional 3,145 shares during the period. Traub Capital Management LLC purchased a new stake in shares of WisdomTree during the second quarter worth $58,000. Russell Investments Group Ltd. boosted its holdings in shares of WisdomTree by 758.2% in the first quarter. Russell Investments Group Ltd. now owns 6,986 shares of the company’s stock worth $62,000 after acquiring an additional 6,172 shares during the period. Ieq Capital LLC purchased a new position in shares of WisdomTree in the first quarter valued at $94,000. Finally, Sowell Financial Services LLC purchased a new position in shares of WisdomTree in the second quarter valued at $120,000. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

WisdomTree Trading Up 1.1%

Shares of WT stock opened at $11.30 on Friday. The business has a 50-day moving average price of $12.17 and a two-hundred day moving average price of $12.22. WisdomTree, Inc. has a 12-month low of $7.47 and a 12-month high of $14.95. The company has a quick ratio of 2.41, a current ratio of 2.82 and a debt-to-equity ratio of 2.16. The firm has a market cap of $1.59 billion, a P/E ratio of 17.38 and a beta of 1.14.

WisdomTree (NYSE:WT) last announced its quarterly earnings data on Friday, October 31st. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.21 by $0.02. The firm had revenue of $125.62 million for the quarter, compared to analyst estimates of $122.00 million. WisdomTree had a return on equity of 26.59% and a net margin of 21.10%.The company’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.18 EPS. Equities analysts anticipate that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $0.12 annualized dividend and a dividend yield of 1.1%. WisdomTree’s dividend payout ratio (DPR) is 18.46%.

Insider Buying and Selling

In other news, COO R Jarrett Lilien sold 12,500 shares of the company’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $11.01, for a total value of $137,625.00. Following the completion of the sale, the chief operating officer owned 998,638 shares of the company’s stock, valued at approximately $10,995,004.38. This represents a 1.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David M. Yates sold 6,820 shares of the stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $11.12, for a total transaction of $75,838.40. Following the transaction, the insider directly owned 152,123 shares in the company, valued at approximately $1,691,607.76. This represents a 4.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 44,320 shares of company stock valued at $507,713. Company insiders own 9.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. The Goldman Sachs Group dropped their price objective on WisdomTree from $14.75 to $13.25 and set a “neutral” rating on the stock in a report on Tuesday, November 25th. Zacks Research raised shares of WisdomTree from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Northland Securities set a $16.00 price objective on shares of WisdomTree in a research report on Wednesday, September 3rd. Weiss Ratings raised shares of WisdomTree from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of WisdomTree from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, WisdomTree presently has a consensus rating of “Moderate Buy” and an average target price of $13.88.

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.