Charles Schwab Investment Management Inc. Cuts Position in WisdomTree, Inc. $WT

Charles Schwab Investment Management Inc. trimmed its position in WisdomTree, Inc. (NYSE:WT - Free Report) by 3.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,265,283 shares of the company's stock after selling 45,616 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.86% of WisdomTree worth $11,286,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Quarry LP raised its holdings in shares of WisdomTree by 1,778.5% in the 4th quarter. Quarry LP now owns 2,799 shares of the company's stock worth $29,000 after purchasing an additional 2,650 shares during the period. Byrne Asset Management LLC raised its holdings in shares of WisdomTree by 114.0% during the 1st quarter. Byrne Asset Management LLC now owns 3,852 shares of the company's stock valued at $34,000 after buying an additional 2,052 shares during the period. Versant Capital Management Inc raised its holdings in shares of WisdomTree by 310.5% during the 1st quarter. Versant Capital Management Inc now owns 5,263 shares of the company's stock valued at $47,000 after buying an additional 3,981 shares during the period. Dark Forest Capital Management LP purchased a new stake in shares of WisdomTree during the 4th quarter valued at about $108,000. Finally, PharVision Advisers LLC purchased a new stake in shares of WisdomTree during the 4th quarter valued at about $124,000. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on WT. Craig Hallum reiterated a "buy" rating on shares of WisdomTree in a report on Monday, August 4th. Morgan Stanley raised their target price on WisdomTree from $11.50 to $12.50 and gave the company an "equal weight" rating in a report on Monday, August 18th. The Goldman Sachs Group upgraded WisdomTree from a "sell" rating to a "neutral" rating and raised their target price for the company from $9.50 to $11.90 in a report on Friday, June 27th. Northcoast Research upgraded WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 target price on the stock in a report on Wednesday, July 2nd. Finally, Oppenheimer raised their target price on WisdomTree from $12.00 to $15.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $13.15.

WisdomTree Price Performance

WT stock opened at $13.2350 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 0.82. WisdomTree, Inc. has a 52-week low of $7.47 and a 52-week high of $13.79. The stock's 50 day moving average is $12.48 and its two-hundred day moving average is $10.25. The company has a market capitalization of $1.95 billion, a PE ratio of 33.94 and a beta of 1.16.

WisdomTree (NYSE:WT - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.18 earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to the consensus estimate of $110.66 million. During the same period in the previous year, the business earned $0.16 EPS. WisdomTree's revenue for the quarter was up 5.2% compared to the same quarter last year. Analysts predict that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

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

Insider Activity at WisdomTree

In other news, COO R Jarrett Lilien sold 25,000 shares of WisdomTree 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 in the company, valued at approximately $13,978,344.54. This trade represents a 2.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 9.30% of the company's stock.

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.

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