WisdomTree, Inc. $WT Stake Boosted by Cetera Investment Advisers

Cetera Investment Advisers grew its stake in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 29.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 90,503 shares of the company's stock after acquiring an additional 20,724 shares during the quarter. Cetera Investment Advisers owned about 0.06% of WisdomTree worth $807,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in WisdomTree during the 1st quarter worth approximately $197,000. Teachers Retirement System of The State of Kentucky increased its position in WisdomTree by 5.9% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 245,716 shares of the company's stock worth $2,191,000 after purchasing an additional 13,650 shares in the last quarter. Foundry Partners LLC increased its position in WisdomTree by 993.4% during the 1st quarter. Foundry Partners LLC now owns 438,947 shares of the company's stock worth $3,915,000 after purchasing an additional 398,801 shares in the last quarter. Capital Management Corp VA increased its position in WisdomTree by 757.5% during the 1st quarter. Capital Management Corp VA now owns 190,370 shares of the company's stock worth $1,698,000 after purchasing an additional 168,170 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS increased its position in WisdomTree by 5.8% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 970,830 shares of the company's stock worth $8,660,000 after purchasing an additional 53,000 shares in the last quarter. Institutional investors and hedge funds own 78.64% of the company's stock.

Insider Activity at WisdomTree

In other news, COO R Jarrett Lilien sold 25,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $13.33, for a total transaction of $333,250.00. Following the completion of the transaction, the chief operating officer directly owned 1,048,638 shares in the company, valued at approximately $13,978,344.54. This represents a 2.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 9.30% of the company's stock.

Wall Street Analysts Forecast Growth

WT has been the subject of a number of research analyst reports. The Goldman Sachs Group raised shares of WisdomTree from a "sell" rating to a "neutral" rating and increased their target price for the stock from $9.50 to $11.90 in a research report on Friday, June 27th. Craig Hallum reaffirmed a "buy" rating on shares of WisdomTree in a research report on Monday, August 4th. Oppenheimer increased their price objective on shares of WisdomTree from $12.00 to $15.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Morgan Stanley increased their price objective on shares of WisdomTree from $11.50 to $12.50 and gave the company an "equal weight" rating in a research report on Monday. 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 research report on Wednesday, July 2nd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $13.15.

WisdomTree Stock Up 0.8%

NYSE:WT traded up $0.11 during trading hours on Monday, hitting $13.52. The stock had a trading volume of 846,506 shares, compared to its average volume of 2,091,093. 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 business has a 50 day simple moving average of $12.17 and a two-hundred day simple moving average of $10.13. The company has a market cap of $1.99 billion, a PE ratio of 34.65 and a beta of 1.16.

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

WisdomTree Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, August 13th. WisdomTree's dividend payout ratio is 30.77%.

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.