Ameriprise Financial Inc. Acquires 34,670 Shares of WisdomTree, Inc. (NYSE:WT)

Ameriprise Financial Inc. grew its holdings in WisdomTree, Inc. (NYSE:WT - Free Report) by 10.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 353,250 shares of the company's stock after acquiring an additional 34,670 shares during the quarter. Ameriprise Financial Inc. owned 0.24% of WisdomTree worth $3,709,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Barclays PLC grew its holdings in shares of WisdomTree by 201.3% during 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. SG Americas Securities LLC grew its holdings in shares of WisdomTree by 74.2% during the fourth quarter. SG Americas Securities LLC now owns 66,552 shares of the company's stock worth $699,000 after buying an additional 28,354 shares in the last quarter. KBC Group NV grew its holdings in shares of WisdomTree by 48.4% during the fourth quarter. KBC Group NV now owns 7,792 shares of the company's stock worth $82,000 after buying an additional 2,540 shares in the last quarter. Caas Capital Management LP grew its holdings in shares of WisdomTree by 73.8% during the fourth quarter. Caas Capital Management LP now owns 129,184 shares of the company's stock worth $1,356,000 after buying an additional 54,863 shares in the last quarter. Finally, Caitlin John LLC grew its holdings in shares of WisdomTree by 2.9% during the fourth quarter. Caitlin John LLC now owns 176,052 shares of the company's stock worth $1,849,000 after buying an additional 4,936 shares in the last quarter. 78.64% of the stock is currently owned by institutional investors.

WisdomTree Stock Down 0.6%

NYSE WT traded down $0.06 during trading hours on Friday, hitting $9.45. 789,664 shares of the company traded hands, compared to its average volume of 1,566,480. The business's 50-day moving average is $8.89 and its 200-day moving average is $9.66. WisdomTree, Inc. has a twelve month low of $7.47 and a twelve month high of $12.45. 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 capitalization of $1.39 billion, a price-to-earnings ratio of 30.48 and a beta of 1.07.

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, meeting the consensus estimate of $0.16. The firm had revenue of $108.08 million during the quarter, compared to analysts' expectations of $108.47 million. WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. The business's quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.12 earnings per share. Sell-side analysts anticipate that WisdomTree, Inc. will post 0.72 earnings per share for the current year.

WisdomTree Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were paid a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.12 annualized dividend and a yield of 1.27%. WisdomTree's dividend payout ratio is 34.29%.

Wall Street Analysts Forecast Growth

Separately, 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. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $12.42.

WisdomTree 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.