Bank of New York Mellon Corp Has $11.76 Million Holdings in WisdomTree, Inc. (NYSE:WT)

Bank of New York Mellon Corp lessened its holdings in WisdomTree, Inc. (NYSE:WT - Free Report) by 37.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,318,746 shares of the company's stock after selling 790,022 shares during the quarter. Bank of New York Mellon Corp owned 0.90% of WisdomTree worth $11,763,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in WisdomTree by 2.1% in the 1st quarter. Principal Financial Group Inc. now owns 743,700 shares of the company's stock worth $6,634,000 after purchasing an additional 15,355 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in WisdomTree in the 1st quarter worth $152,000. Oppenheimer & Co. Inc. grew its stake in shares of WisdomTree by 5.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 70,050 shares of the company's stock worth $625,000 after acquiring an additional 3,359 shares in the last quarter. Byrne Asset Management LLC grew its holdings in WisdomTree by 114.0% during the first quarter. Byrne Asset Management LLC now owns 3,852 shares of the company's stock worth $34,000 after purchasing an additional 2,052 shares during the period. Finally, Tobam grew its holdings in WisdomTree by 44.3% in the 1st quarter. Tobam now owns 55,091 shares of the company's stock valued at $491,000 after buying an additional 16,913 shares in the last quarter. Institutional investors own 78.64% of the company's stock.

WisdomTree Price Performance

WT traded down $0.04 during midday trading on Monday, hitting $12.92. 1,882,440 shares of the company traded hands, compared to its average volume of 1,763,435. The business has a 50 day simple moving average of $10.70 and a two-hundred day simple moving average of $9.64. The company has a current ratio of 3.83, a quick ratio of 2.79 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 19.33 and a beta of 1.14. WisdomTree, Inc. has a 52-week low of $7.47 and a 52-week high of $13.44.

WisdomTree (NYSE:WT - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. WisdomTree had a return on equity of 25.46% and a net margin of 15.77%. The company had revenue of $108.08 million for the quarter, compared to the consensus estimate of $108.47 million. During the same quarter in the prior year, the business earned $0.12 EPS. WisdomTree's revenue was up 11.7% on a year-over-year basis. On average, equities analysts forecast that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The firm 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. This represents a $0.12 annualized dividend and a yield of 0.93%. The ex-dividend date was Wednesday, May 14th. WisdomTree's dividend payout ratio (DPR) is 34.29%.

Analysts Set New Price Targets

Several brokerages have commented on WT. The Goldman Sachs Group raised 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 report on Friday, June 27th. Morgan Stanley upped their price target on shares of WisdomTree from $9.75 to $11.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 2nd. Finally, Northcoast Research raised shares of WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 price objective for the company in a report on Wednesday, July 2nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, WisdomTree presently has a consensus rating of "Moderate Buy" and an average price target of $12.99.

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.