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

Bank of America Corp DE raised its stake in WisdomTree, Inc. (NYSE:WT - Free Report) by 93.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 313,859 shares of the company's stock after buying 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 filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Quarry LP lifted its holdings in shares of WisdomTree by 1,778.5% in the fourth quarter. Quarry LP now owns 2,799 shares of the company's stock valued at $29,000 after purchasing an additional 2,650 shares in the last quarter. Smartleaf Asset Management LLC raised its position in WisdomTree by 173.3% in 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 stake in WisdomTree by 60.7% in the 4th 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 in the last quarter. Stonebridge Financial Group LLC acquired a new position in WisdomTree during the 4th quarter worth approximately $60,000. Finally, KBC Group NV boosted its position in WisdomTree by 48.4% during the 4th quarter. KBC Group NV now owns 7,792 shares of the company's stock worth $82,000 after acquiring an additional 2,540 shares during the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group cut their price target on shares of WisdomTree from $9.75 to $8.50 and set a "sell" rating on the stock in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $12.42.

WisdomTree Price Performance

NYSE:WT traded up $0.22 on Wednesday, hitting $9.76. The company had a trading volume of 1,754,009 shares, compared to its average volume of 1,568,594. The firm has a 50 day moving average of $8.92 and a two-hundred day moving average of $9.63. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 31.48 and a beta of 1.07. WisdomTree, Inc. has a 52 week low of $7.47 and a 52 week 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 posted its earnings results on Friday, May 2nd. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $108.08 million for the quarter, compared to the consensus estimate of $108.47 million. WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. The firm's revenue was up 11.7% compared to the same quarter last year. During the same period last year, the company earned $0.12 EPS. On average, research analysts anticipate that WisdomTree, Inc. will post 0.72 earnings per share for the current year.

WisdomTree Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.12 annualized dividend and a dividend yield of 1.23%. WisdomTree's payout ratio is 34.29%.

WisdomTree Company 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.