Credit Agricole S A Has $1.69 Million Holdings in WisdomTree, Inc. $WT

Key Points

• Credit Agricole S A reduced its holdings in WisdomTree, Inc. by 40.4%, owning approximately 0.13% of the company after selling 128,689 shares during the 1st quarter.
• In contrast, Envestnet Asset Management Inc. increased its position by 39.2%, now owning 808,352 shares valued at $7.2 million.
• WisdomTree recently announced a quarterly dividend of $0.03 per share, representing an annualized yield of 0.9%.

Credit Agricole S A decreased its position in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 40.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 189,889 shares of the company's stock after selling 128,689 shares during the period. Credit Agricole S A owned approximately 0.13% of WisdomTree worth $1,694,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sheaff Brock Investment Advisors LLC grew its holdings in WisdomTree by 2.8% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 42,908 shares of the company's stock worth $383,000 after acquiring an additional 1,155 shares in the last quarter. Byrne Asset Management LLC raised its stake in WisdomTree by 114.0% in the first 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 last quarter. Quarry LP raised its stake in 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 buying an additional 2,650 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in WisdomTree by 3.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,343 shares of the company's stock valued at $833,000 after purchasing an additional 2,709 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in WisdomTree by 5.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 70,050 shares of the company's stock valued at $625,000 after purchasing an additional 3,359 shares during the last quarter. 78.64% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other WisdomTree news, COO R Jarrett Lilien sold 25,000 shares of WisdomTree stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $13.33, for a total value of $333,250.00. Following the completion of the sale, the chief operating officer directly owned 1,048,638 shares in the company, valued at $13,978,344.54. The trade was a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 9.30% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on WT. Northcoast Research upgraded WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 price objective for the company in a research note on Wednesday, July 2nd. Craig Hallum reissued a "buy" rating on shares of WisdomTree in a research note on Monday, August 4th. The Goldman Sachs Group raised shares of WisdomTree from a "sell" rating to a "neutral" rating and upped their price objective for the company from $9.50 to $11.90 in a report on Friday, June 27th. Oppenheimer boosted their price objective on shares of WisdomTree from $12.00 to $15.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Finally, Morgan Stanley boosted their price objective on shares of WisdomTree from $11.50 to $12.50 and gave the company an "equal weight" rating in a report on Monday, August 18th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $13.15.

WisdomTree Stock Down 0.3%

NYSE WT traded down $0.04 on Friday, reaching $13.63. The company had a trading volume of 1,509,674 shares, compared to its average volume of 4,375,572. The firm has a market capitalization of $2.00 billion, a PE ratio of 34.94 and a beta of 1.16. 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 firm has a 50-day moving average of $12.80 and a 200-day moving average of $10.38.

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

WisdomTree Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.9%. The ex-dividend date was Wednesday, August 13th. WisdomTree's dividend payout ratio is currently 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.