CoreCap Advisors LLC Buys New Shares in WisdomTree, Inc. (NYSE:WT)

CoreCap Advisors LLC acquired a new stake in WisdomTree, Inc. (NYSE:WT - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 66,954 shares of the company's stock, valued at approximately $703,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Northern Trust Corp lifted its stake in shares of WisdomTree by 1.1% in the fourth quarter. Northern Trust Corp now owns 1,440,197 shares of the company's stock valued at $15,122,000 after purchasing an additional 15,489 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of WisdomTree by 10.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,310,899 shares of the company's stock valued at $13,764,000 after purchasing an additional 119,762 shares during the period. ExodusPoint Capital Management LP raised its position in WisdomTree by 127.2% during the fourth quarter. ExodusPoint Capital Management LP now owns 1,162,993 shares of the company's stock worth $12,211,000 after acquiring an additional 651,121 shares during the last quarter. Cubist Systematic Strategies LLC raised its position in WisdomTree by 59.0% during the fourth quarter. Cubist Systematic Strategies LLC now owns 987,187 shares of the company's stock worth $10,365,000 after acquiring an additional 366,303 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in WisdomTree by 40.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 916,657 shares of the company's stock worth $9,625,000 after acquiring an additional 265,687 shares during the last quarter. Institutional investors and hedge funds own 78.64% of the company's stock.

Analysts Set New Price Targets

WT has been the subject of a number of research reports. Keefe, Bruyette & Woods cut their target price on shares of WisdomTree from $12.00 to $10.50 and set a "market perform" rating for the company in a research report on Tuesday, January 14th. The Goldman Sachs Group cut their target price on shares of WisdomTree from $9.75 to $8.50 and set a "sell" rating for the company in a research report on Monday, April 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $12.42.

WisdomTree Trading Up 0.8%

Shares of NYSE WT traded up $0.08 during midday trading on Monday, reaching $9.52. 1,238,511 shares of the stock were exchanged, compared to its average volume of 1,549,755. The company has a market capitalization of $1.40 billion, a P/E ratio of 30.71 and a beta of 1.07. WisdomTree, Inc. has a 52-week low of $7.47 and a 52-week high of $12.45. The company has a current ratio of 2.92, a quick ratio of 2.13 and a debt-to-equity ratio of 1.28. The stock has a 50 day moving average price of $8.64 and a 200-day moving average price of $9.76.

WisdomTree (NYSE:WT - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The company reported $0.16 EPS for the quarter, hitting analysts' consensus estimates of $0.16. WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. The business had revenue of $108.08 million during the quarter, compared to the consensus estimate of $108.47 million. During the same period in the previous year, the firm posted $0.12 earnings per share. The company's quarterly revenue was up 11.7% compared to the same quarter last year. Equities research analysts expect that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.12 dividend on an annualized basis and a yield of 1.26%. WisdomTree's payout ratio is 34.29%.

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.