Impact Partnership Wealth LLC Has $121,000 Holdings in WisdomTree, Inc. (NYSE:WT)

Impact Partnership Wealth LLC cut its holdings in WisdomTree, Inc. (NYSE:WT - Free Report) by 66.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,589 shares of the company's stock after selling 27,495 shares during the period. Impact Partnership Wealth LLC's holdings in WisdomTree were worth $121,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WT. Massachusetts Financial Services Co. MA increased its holdings in WisdomTree by 0.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,698,844 shares of the company's stock worth $32,994,000 after buying an additional 13,746 shares during the last quarter. Millennium Management LLC increased its holdings in WisdomTree by 532.6% during the fourth quarter. Millennium Management LLC now owns 2,031,534 shares of the company's stock worth $21,331,000 after buying an additional 1,710,409 shares during the last quarter. Two Sigma Investments LP increased its holdings in WisdomTree by 10.5% during the fourth 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 increased its holdings in WisdomTree by 1.1% during the fourth 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. Finally, Nuveen Asset Management LLC increased its holdings in WisdomTree by 139.9% during the fourth 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. 78.64% of the stock is currently owned by institutional investors and hedge funds.

WisdomTree Stock Performance

WT stock opened at $12.93 on Monday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.79 and a current ratio of 3.83. The company's 50-day simple moving average is $10.70 and its 200 day simple moving average is $9.64. WisdomTree, Inc. has a 52 week low of $7.47 and a 52 week high of $13.44. The company has a market capitalization of $1.90 billion, a PE ratio of 36.94 and a beta of 1.14.

WisdomTree (NYSE:WT - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. WisdomTree had a net margin of 15.77% and a return on equity of 25.46%. The business had revenue of $108.08 million for the quarter, compared to the consensus estimate of $108.47 million. During the same period in the prior year, the company posted $0.12 earnings per share. WisdomTree's revenue was up 11.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that WisdomTree, Inc. will post 0.72 earnings per share for the current year.

WisdomTree Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were paid a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.12 annualized dividend and a dividend yield of 0.93%. WisdomTree's dividend payout ratio (DPR) is presently 34.29%.

Analysts Set New Price Targets

WT has been the topic of several research reports. The Goldman Sachs Group upgraded 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. Northcoast Research upgraded shares of WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 price objective on the stock in a report on Wednesday, July 2nd. Finally, Morgan Stanley upped their price objective on shares of WisdomTree from $9.75 to $11.00 and gave the company an "equal weight" rating in a report on Wednesday, July 2nd. 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, the company has an average rating of "Moderate Buy" and an average price target of $12.99.

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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