American Century Companies Inc. Has $27.36 Million Position in WisdomTree, Inc. $WT

American Century Companies Inc. boosted its holdings in WisdomTree, Inc. (NYSE:WT) by 123.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,968,507 shares of the company’s stock after acquiring an additional 1,087,460 shares during the quarter. American Century Companies Inc. owned 1.34% of WisdomTree worth $27,362,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in WT. First Horizon Corp acquired a new stake in WisdomTree during the third quarter valued at approximately $32,000. Federated Hermes Inc. raised its holdings in shares of WisdomTree by 105.7% in the 3rd quarter. Federated Hermes Inc. now owns 3,011 shares of the company’s stock worth $42,000 after buying an additional 1,547 shares in the last quarter. Traub Capital Management LLC acquired a new position in shares of WisdomTree in the 2nd quarter worth approximately $58,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of WisdomTree during the 3rd quarter worth approximately $118,000. Finally, LSV Asset Management acquired a new stake in WisdomTree in the 3rd quarter valued at $124,000. Institutional investors and hedge funds own 78.64% of the company’s stock.

WisdomTree Trading Down 2.6%

WT stock opened at $16.66 on Monday. The business has a fifty day moving average price of $15.48 and a 200 day moving average price of $13.62. WisdomTree, Inc. has a fifty-two week low of $7.47 and a fifty-two week high of $17.68. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 22.21 and a beta of 1.09. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.75 and a quick ratio of 1.37.

WisdomTree (NYSE:WT) last issued its quarterly earnings data on Friday, January 30th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.06. The firm had revenue of $147.43 million during the quarter, compared to the consensus estimate of $142.78 million. WisdomTree had a return on equity of 30.24% and a net margin of 22.10%.The business’s revenue for the quarter was up 33.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS. Analysts expect 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, February 25th. Investors of record on Wednesday, February 11th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, February 11th. WisdomTree’s payout ratio is currently 16.00%.

Analyst Upgrades and Downgrades

WT has been the topic of a number of analyst reports. The Goldman Sachs Group upped their price target on WisdomTree from $14.00 to $15.50 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of WisdomTree in a report on Wednesday, January 21st. Morgan Stanley set a $16.75 target price on shares of WisdomTree in a research note on Tuesday, February 10th. Northland Securities set a $20.00 target price on shares of WisdomTree in a report on Monday, February 2nd. Finally, Wall Street Zen upgraded shares of WisdomTree from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $17.65.

Insider Transactions at WisdomTree

In related news, COO R Jarrett Lilien sold 30,000 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $16.84, for a total transaction of $505,200.00. Following the transaction, the chief operating officer owned 1,140,245 shares in the company, valued at $19,201,725.80. This represents a 2.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 9.30% of the stock is currently owned by company insiders.

WisdomTree Profile

WisdomTree Investments, Inc (NYSE: WT) is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.