Cubist Systematic Strategies LLC Purchases 176,816 Shares of WisdomTree, Inc. $WT

Key Points

• Cubist Systematic Strategies LLC increased its holdings in WisdomTree, Inc. by 17.9%, owning over 1.16 million shares valued at approximately $10.38 million.
• WisdomTree has reported a quarterly earnings per share of $0.18, aligning with analyst expectations, and a revenue of $112.60 million, reflecting a 5.2% year-over-year increase.
• The company's quarterly dividend was recently set at $0.03, resulting in an annualized dividend yield of 0.9%, with a payout ratio of 30.77%.

Cubist Systematic Strategies LLC grew its stake in WisdomTree, Inc. (NYSE:WT - Free Report) by 17.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,164,003 shares of the company's stock after buying an additional 176,816 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.79% of WisdomTree worth $10,383,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Envestnet Asset Management Inc. boosted its stake in WisdomTree by 39.2% in the first quarter. Envestnet Asset Management Inc. now owns 808,352 shares of the company's stock worth $7,210,000 after buying an additional 227,626 shares in the last quarter. American Century Companies Inc. increased its stake in shares of WisdomTree by 11.2% during the first quarter. American Century Companies Inc. now owns 369,747 shares of the company's stock valued at $3,298,000 after buying an additional 37,343 shares during the period. HighTower Advisors LLC bought a new position in WisdomTree in the first quarter worth about $466,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in WisdomTree in the first quarter worth $197,000. Finally, Bank of America Corp DE raised its holdings in WisdomTree by 93.8% in the fourth quarter. Bank of America Corp DE now owns 313,859 shares of the company's stock worth $3,296,000 after purchasing an additional 151,926 shares in the last quarter. Hedge funds and other institutional investors own 78.64% of the company's stock.

Analyst Upgrades and Downgrades

WT has been the subject of a number of research reports. Northland Securities set a $16.00 price objective on WisdomTree in a report on Wednesday. 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 reiterated a "buy" rating on shares of WisdomTree in a research note on Monday, August 4th. Morgan Stanley lifted their price objective on WisdomTree from $11.50 to $12.50 and gave the company an "equal weight" rating in a research note on Monday, August 18th. Finally, The Goldman Sachs Group upgraded WisdomTree from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $9.50 to $11.90 in a research note on Friday, June 27th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $13.56.

WisdomTree Stock Down 2.3%

Shares of WisdomTree stock traded down $0.31 on Friday, reaching $13.43. The company's stock had a trading volume of 4,904,746 shares, compared to its average volume of 4,258,632. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 34.43 and a beta of 1.19. The firm's fifty day simple moving average is $13.07 and its two-hundred day simple moving average is $10.53. WisdomTree, Inc. has a 52 week low of $7.47 and a 52 week high of $14.07. 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 (NYSE:WT - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.18 EPS for the quarter, hitting analysts' consensus estimates of $0.18. The business had revenue of $112.60 million during the quarter, compared to analyst estimates of $110.66 million. WisdomTree had a return on equity of 25.17% and a net margin of 16.25%.The company's quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 EPS. Equities analysts anticipate that WisdomTree, Inc. will post 0.72 earnings per share for the current year.

WisdomTree Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were issued a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.9%. WisdomTree's dividend payout ratio (DPR) is presently 30.77%.

Insider Activity at WisdomTree

In other WisdomTree news, COO R Jarrett Lilien sold 12,500 shares of WisdomTree stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $13.21, for a total value of $165,125.00. Following the completion of the sale, the chief operating officer owned 1,036,138 shares of the company's stock, valued at approximately $13,687,382.98. This trade represents a 1.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.