American Century Companies Inc. Increases Stock Holdings in WisdomTree, Inc. $WT

Key Points

• American Century Companies Inc. raised its stake in WisdomTree, Inc. by 11.2%, owning approximately 0.25% of the company worth $3.3 million after acquiring 37,343 additional shares in the first quarter.
• WisdomTree reported a net income margin of 16.25% and a return on equity of 25.17%, with revenue increasing by 5.2% year-over-year during its most recent quarter.
• The company declared a quarterly dividend of $0.03 per share, reflecting an annual yield of 0.9%, with a dividend payout ratio of 30.77% as of the recent reporting period.

American Century Companies Inc. lifted its position in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 11.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 369,747 shares of the company's stock after acquiring an additional 37,343 shares during the period. American Century Companies Inc. owned approximately 0.25% of WisdomTree worth $3,298,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Quarry LP grew its stake in shares of WisdomTree by 1,778.5% in the fourth quarter. Quarry LP now owns 2,799 shares of the company's stock worth $29,000 after acquiring an additional 2,650 shares during the period. Byrne Asset Management LLC raised its stake in WisdomTree by 114.0% during the 1st quarter. Byrne Asset Management LLC now owns 3,852 shares of the company's stock worth $34,000 after acquiring an additional 2,052 shares during the period. Versant Capital Management Inc boosted its holdings in WisdomTree by 310.5% in the 1st quarter. Versant Capital Management Inc now owns 5,263 shares of the company's stock worth $47,000 after buying an additional 3,981 shares during the period. Russell Investments Group Ltd. increased its stake in WisdomTree by 758.2% in the 1st quarter. Russell Investments Group Ltd. now owns 6,986 shares of the company's stock worth $62,000 after buying an additional 6,172 shares in the last quarter. Finally, Personal CFO Solutions LLC bought a new stake in WisdomTree during the first quarter valued at about $111,000. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, COO R Jarrett Lilien sold 25,000 shares of WisdomTree stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $13.33, for a total value of $333,250.00. Following the sale, the chief operating officer owned 1,048,638 shares of the company's stock, valued at $13,978,344.54. The trade was a 2.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.30% of the stock is currently owned by company insiders.

WisdomTree Trading Down 0.0%

WisdomTree stock traded down $0.01 during mid-day trading on Wednesday, hitting $13.51. The company's stock had a trading volume of 2,624,779 shares, compared to its average volume of 2,194,075. The firm has a market capitalization of $1.99 billion, a PE ratio of 34.63 and a beta of 1.19. The company has a current ratio of 1.44, a quick ratio of 1.04 and a debt-to-equity ratio of 0.82. WisdomTree, Inc. has a 1 year low of $7.47 and a 1 year high of $13.79. The stock's fifty day moving average is $12.92 and its two-hundred day moving average is $10.43.

WisdomTree (NYSE:WT - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. WisdomTree had a net margin of 16.25% and a return on equity of 25.17%. The firm had revenue of $112.60 million for the quarter, compared to the consensus estimate of $110.66 million. During the same period in the prior year, the firm earned $0.16 EPS. The firm's revenue for the quarter was up 5.2% on a year-over-year basis. On average, analysts anticipate that WisdomTree, Inc. will post 0.72 EPS for the current year.

WisdomTree Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, August 13th. WisdomTree's dividend payout ratio is presently 30.77%.

Analysts Set New Price Targets

WT has been the subject of several recent analyst reports. Northcoast Research upgraded WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 price target for the company in a research note on Wednesday, July 2nd. The Goldman Sachs Group upgraded WisdomTree from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $9.50 to $11.90 in a research report on Friday, June 27th. Craig Hallum restated a "buy" rating on shares of WisdomTree in a report on Monday, August 4th. Northland Securities set a $16.00 target price on shares of WisdomTree in a research report on Wednesday. Finally, Oppenheimer upped their target price on WisdomTree from $12.00 to $15.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $13.56.

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.