Dimensional Fund Advisors LP Lowers Holdings in WisdomTree, Inc. (NYSE:WT)

Dimensional Fund Advisors LP lessened its holdings in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,948,644 shares of the company's stock after selling 141,841 shares during the period. Dimensional Fund Advisors LP owned about 2.70% of WisdomTree worth $41,460,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in WT. Smartleaf Asset Management LLC raised its stake in WisdomTree by 173.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company's stock valued at $39,000 after buying an additional 2,405 shares during the last quarter. Federated Hermes Inc. lifted its holdings in WisdomTree by 60.7% in the fourth quarter. Federated Hermes Inc. now owns 4,705 shares of the company's stock valued at $49,000 after acquiring an additional 1,777 shares during the period. Stonebridge Financial Group LLC purchased a new position in WisdomTree in the fourth quarter worth about $60,000. KBC Group NV grew its stake in shares of WisdomTree by 48.4% during the 4th quarter. KBC Group NV now owns 7,792 shares of the company's stock valued at $82,000 after purchasing an additional 2,540 shares during the period. Finally, Xponance Inc. purchased a new stake in shares of WisdomTree during the 4th quarter valued at about $105,000. 78.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on WT. 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 research report on Monday, April 14th. Keefe, Bruyette & Woods reduced their target price 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, WisdomTree currently has an average rating of "Hold" and a consensus target price of $12.42.

WisdomTree Price Performance

Shares of NYSE:WT traded down $0.01 during midday trading on Friday, reaching $9.37. 178,670 shares of the company were exchanged, compared to its average volume of 1,539,452. The stock has a market cap of $1.38 billion, a PE ratio of 30.23 and a beta of 1.07. The business's fifty day moving average is $8.60 and its two-hundred day moving average is $9.79. WisdomTree, Inc. has a one year low of $7.47 and a one year 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.

WisdomTree (NYSE:WT - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The company reported $0.16 EPS 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%. The firm's revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.12 earnings per share. As a group, analysts predict that WisdomTree, Inc. will post 0.72 earnings per share for the current year.

WisdomTree Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date 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.