Envestnet Asset Management Inc. Raises Stock Holdings in WisdomTree, Inc. (NYSE:WT)

Envestnet Asset Management Inc. increased its position in WisdomTree, Inc. (NYSE:WT - Free Report) by 39.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 808,352 shares of the company's stock after acquiring an additional 227,626 shares during the quarter. Envestnet Asset Management Inc. owned about 0.55% of WisdomTree worth $7,210,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Millennium Management LLC boosted its position in shares of WisdomTree by 532.6% during the 4th quarter. Millennium Management LLC now owns 2,031,534 shares of the company's stock valued at $21,331,000 after acquiring an additional 1,710,409 shares during the last quarter. Two Sigma Investments LP lifted its position in WisdomTree by 10.5% in the 4th quarter. Two Sigma Investments LP now owns 1,500,371 shares of the company's stock worth $15,754,000 after buying an additional 142,226 shares during the last quarter. Northern Trust Corp lifted its position in WisdomTree by 1.1% in the 4th quarter. Northern Trust Corp now owns 1,440,197 shares of the company's stock worth $15,122,000 after buying an additional 15,489 shares during the last quarter. Nuveen Asset Management LLC lifted its position in WisdomTree by 139.9% in the 4th quarter. Nuveen Asset Management LLC now owns 1,270,963 shares of the company's stock worth $13,345,000 after buying an additional 741,134 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its position in WisdomTree by 37.0% in the 4th quarter. Two Sigma Advisers LP now owns 1,237,000 shares of the company's stock worth $12,988,000 after buying an additional 334,400 shares during the last quarter. Hedge funds and other institutional investors own 78.64% of the company's stock.

WisdomTree Stock Down 0.2%

WisdomTree stock traded down $0.03 during mid-day trading on Friday, hitting $13.69. The company had a trading volume of 2,367,201 shares, compared to its average volume of 2,976,738. The company has a current ratio of 3.83, a quick ratio of 2.79 and a debt-to-equity ratio of 1.23. The stock's 50 day moving average price is $11.09 and its two-hundred day moving average price is $9.76. WisdomTree, Inc. has a 12 month low of $7.47 and a 12 month high of $13.76. The company has a market capitalization of $2.01 billion, a PE ratio of 39.10 and a beta of 1.14.

WisdomTree (NYSE:WT - Get Free Report) last released its earnings results on Friday, May 2nd. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $108.08 million for the quarter, compared to the consensus estimate of $108.47 million. WisdomTree had a return on equity of 25.46% and a net margin of 15.77%. The company's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.12 earnings per share. As a group, 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 was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date was Wednesday, May 14th. WisdomTree's dividend payout ratio is 34.29%.

Analysts Set New Price Targets

WT has been the subject of several recent research reports. Morgan Stanley boosted their price objective on WisdomTree from $9.75 to $11.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 2nd. 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 report on Wednesday, July 2nd. Oppenheimer boosted their target price on WisdomTree from $12.00 to $15.00 and gave the company an "outperform" rating in a research note on Tuesday. Finally, The Goldman Sachs Group raised WisdomTree from a "sell" rating to a "neutral" rating and boosted their target price for the company from $9.50 to $11.90 in a research note on Friday, June 27th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, WisdomTree currently has an average rating of "Moderate Buy" and a consensus price target of $13.24.

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.