Cubist Systematic Strategies LLC Raises Position in WisdomTree, Inc. (NYSE:WT)

Cubist Systematic Strategies LLC lifted its holdings in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 59.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 987,187 shares of the company's stock after acquiring an additional 366,303 shares during the period. Cubist Systematic Strategies LLC owned 0.68% of WisdomTree worth $10,365,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in WT. ExodusPoint Capital Management LP grew its stake in shares of WisdomTree by 127.2% in the 4th quarter. ExodusPoint Capital Management LP now owns 1,162,993 shares of the company's stock valued at $12,211,000 after purchasing an additional 651,121 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of WisdomTree by 358.8% during the fourth quarter. BNP Paribas Financial Markets now owns 714,010 shares of the company's stock worth $7,497,000 after purchasing an additional 558,392 shares during the last quarter. JPMorgan Chase & Co. grew its position in WisdomTree by 157.4% in the 4th quarter. JPMorgan Chase & Co. now owns 880,489 shares of the company's stock valued at $9,245,000 after buying an additional 538,385 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in WisdomTree by 188.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 722,586 shares of the company's stock valued at $7,587,000 after buying an additional 472,505 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in WisdomTree in the 4th quarter valued at $4,262,000. 78.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

WisdomTree Price Performance

WT stock traded up $0.10 during midday trading on Tuesday, hitting $9.62. 359,901 shares of the stock were exchanged, compared to its average volume of 1,545,071. The stock's 50-day moving average price is $8.64 and its 200-day moving average price is $9.76. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.13 and a current ratio of 2.92. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 31.03 and a beta of 1.07. WisdomTree, Inc. has a fifty-two week low of $7.47 and a fifty-two week high of $12.45.

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

WisdomTree Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.12 annualized dividend and a dividend yield of 1.25%. WisdomTree's dividend payout ratio is currently 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.