Bank of America Corp DE Purchases 151,926 Shares of WisdomTree, Inc. (NYSE:WT)

Bank of America Corp DE lifted its position in WisdomTree, Inc. (NYSE:WT - Free Report) by 93.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 313,859 shares of the company's stock after acquiring an additional 151,926 shares during the quarter. Bank of America Corp DE owned 0.21% of WisdomTree worth $3,296,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Barclays PLC grew its stake in WisdomTree by 201.3% during the 3rd quarter. Barclays PLC now owns 268,668 shares of the company's stock worth $2,684,000 after buying an additional 179,493 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of WisdomTree by 74.2% in the 4th quarter. SG Americas Securities LLC now owns 66,552 shares of the company's stock worth $699,000 after acquiring an additional 28,354 shares during the period. KBC Group NV lifted its position in WisdomTree by 48.4% in 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 last quarter. Caas Capital Management LP boosted its stake in WisdomTree by 73.8% during the 4th quarter. Caas Capital Management LP now owns 129,184 shares of the company's stock valued at $1,356,000 after purchasing an additional 54,863 shares during the period. Finally, Caitlin John LLC grew its position in WisdomTree by 2.9% in the 4th quarter. Caitlin John LLC now owns 176,052 shares of the company's stock worth $1,849,000 after purchasing an additional 4,936 shares during the last quarter. 78.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group reduced their price objective 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 investment 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's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $12.42.

WisdomTree Price Performance

Shares of NYSE WT traded up $0.03 during mid-day trading on Wednesday, reaching $9.57. 58,298 shares of the company traded hands, compared to its average volume of 1,559,263. The stock has a fifty day simple moving average of $8.90 and a 200-day simple moving average of $9.63. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.92 and a quick ratio of 2.13. The firm has a market cap of $1.41 billion, a PE ratio of 30.79 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 announced its quarterly earnings data on Friday, May 2nd. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. The business 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 company's revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.12 earnings per share. Equities research analysts anticipate that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were issued a $0.03 dividend. The ex-dividend date was 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%.

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.