Cubist Systematic Strategies LLC Buys 366,303 Shares of WisdomTree, Inc. (NYSE:WT)

Cubist Systematic Strategies LLC boosted its stake in WisdomTree, Inc. (NYSE:WT - Free Report) by 59.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 987,187 shares of the company's stock after purchasing an additional 366,303 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.68% of WisdomTree worth $10,365,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Barclays PLC raised its position in shares of WisdomTree by 201.3% in the third quarter. Barclays PLC now owns 268,668 shares of the company's stock worth $2,684,000 after buying an additional 179,493 shares in the last quarter. Franklin Resources Inc. purchased a new stake in shares of WisdomTree in the 3rd quarter valued at about $888,000. Nordea Investment Management AB boosted its position in shares of WisdomTree by 2.6% during the 4th quarter. Nordea Investment Management AB now owns 391,208 shares of the company's stock valued at $4,100,000 after acquiring an additional 9,912 shares during the last quarter. Cooper Financial Group purchased a new position in shares of WisdomTree during the fourth quarter worth about $111,000. Finally, Park Avenue Securities LLC increased its position in shares of WisdomTree by 175.8% in the fourth quarter. Park Avenue Securities LLC now owns 29,015 shares of the company's stock worth $305,000 after purchasing an additional 18,495 shares during the last quarter. Hedge funds and other institutional investors own 78.64% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on WT shares. The Goldman Sachs Group dropped 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. 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $12.42.

WisdomTree Trading Up 0.5 %

NYSE:WT traded up $0.05 during trading hours on Friday, reaching $9.43. The company's stock had a trading volume of 1,514,700 shares, compared to its average volume of 1,551,005. The firm has a 50-day simple moving average of $8.62 and a 200-day simple moving average of $9.77. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.13 and a current ratio of 2.92. WisdomTree, Inc. has a 1 year low of $7.47 and a 1 year high of $12.45. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 30.42 and a beta of 1.07.

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

WisdomTree Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Wednesday, May 14th. WisdomTree's payout ratio is 34.29%.

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.