Deutsche Bank AG Raises Position in WisdomTree, Inc. $WT

Deutsche Bank AG lifted its stake in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 52.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 483,099 shares of the company's stock after purchasing an additional 166,622 shares during the quarter. Deutsche Bank AG owned about 0.33% of WisdomTree worth $4,309,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP boosted its position in shares of WisdomTree by 1,778.5% during 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 in the last quarter. Byrne Asset Management LLC boosted its position 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 worth $34,000 after purchasing an additional 2,052 shares in the last quarter. Versant Capital Management Inc boosted its position 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 worth $47,000 after purchasing an additional 3,981 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of WisdomTree by 60.7% during the 4th quarter. Federated Hermes Inc. now owns 4,705 shares of the company's stock worth $49,000 after purchasing an additional 1,777 shares in the last quarter. Finally, Dark Forest Capital Management LP bought a new position in shares of WisdomTree during the 4th quarter worth about $108,000. Institutional investors own 78.64% of the company's stock.

Insider Activity at WisdomTree

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 transaction of $333,250.00. Following the transaction, the chief operating officer owned 1,048,638 shares of the company's stock, valued at $13,978,344.54. This trade represents a 2.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 9.30% of the stock is currently owned by corporate insiders.

WisdomTree Stock Performance

Shares of WisdomTree stock traded up $0.3990 during mid-day trading on Friday, hitting $13.3290. 480,949 shares of the stock were exchanged, compared to its average volume of 2,151,754. WisdomTree, Inc. has a 12 month low of $7.47 and a 12 month high of $13.79. The company has a 50-day simple moving average of $12.42 and a 200 day simple moving average of $10.22. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.04 and a current ratio of 1.44. The company has a market capitalization of $1.96 billion, a P/E ratio of 34.19 and a beta of 1.16.

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 the consensus estimate of $0.18. WisdomTree had a net margin of 16.25% and a return on equity of 25.17%. The firm had revenue of $112.60 million for the quarter, compared to analysts' expectations of $110.66 million. During the same quarter last year, the firm earned $0.16 EPS. The company's quarterly revenue was up 5.2% compared to the same quarter last year. Sell-side analysts anticipate that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be given a dividend of $0.03 per share. 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 (DPR) is currently 30.77%.

Analyst Ratings Changes

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

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.