Cetera Investment Advisers Purchases 20,724 Shares of WisdomTree, Inc. (NYSE:WT)

Cetera Investment Advisers increased its position in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 29.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,503 shares of the company's stock after purchasing an additional 20,724 shares during the quarter. Cetera Investment Advisers owned 0.06% of WisdomTree worth $807,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Morgan Stanley boosted their target price on WisdomTree from $9.75 to $11.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 2nd. The Goldman Sachs Group raised WisdomTree from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $9.50 to $11.90 in a research note on Friday, June 27th. Craig Hallum reissued a "buy" rating on shares of WisdomTree in a research note on Monday, August 4th. Northcoast Research raised WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 target price for the company in a research note on Wednesday, July 2nd. Finally, Oppenheimer boosted their target price on WisdomTree from $12.00 to $15.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, WisdomTree currently has an average rating of "Moderate Buy" and a consensus price target of $12.90.

WisdomTree Stock Performance

WisdomTree stock opened at $13.61 on Thursday. The business has a 50 day moving average of $12.03 and a 200-day moving average of $10.08. WisdomTree, Inc. has a 1 year low of $7.47 and a 1 year high of $13.79. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.44 and a quick ratio of 1.04. The company has a market capitalization of $2.00 billion, a P/E ratio of 34.90 and a beta of 1.16.

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

WisdomTree Dividend Announcement

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

Insider Activity

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

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.

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