WisdomTree, Inc. (NYSE:WT) Stake Reduced by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC decreased its position in WisdomTree, Inc. (NYSE:WT - Free Report) by 66.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,589 shares of the company's stock after selling 27,495 shares during the quarter. Impact Partnership Wealth LLC's holdings in WisdomTree were worth $121,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Federated Hermes Inc. grew its position in shares of WisdomTree by 60.7% during the fourth quarter. Federated Hermes Inc. now owns 4,705 shares of the company's stock worth $49,000 after acquiring an additional 1,777 shares during the last quarter. EntryPoint Capital LLC grew its position in shares of WisdomTree by 6.7% during the fourth quarter. EntryPoint Capital LLC now owns 29,622 shares of the company's stock worth $311,000 after acquiring an additional 1,870 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of WisdomTree by 11.6% during the fourth quarter. Bank of Montreal Can now owns 18,702 shares of the company's stock worth $196,000 after purchasing an additional 1,951 shares during the period. Byrne Asset Management LLC lifted its holdings in shares of WisdomTree by 114.0% during the first 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 during the period. Finally, AXQ Capital LP lifted its holdings in shares of WisdomTree by 22.8% during the fourth quarter. AXQ Capital LP now owns 13,271 shares of the company's stock worth $139,000 after purchasing an additional 2,465 shares during the period. Institutional investors and hedge funds own 78.64% of the company's stock.

WisdomTree Trading Up 0.1%

Shares of NYSE:WT traded up $0.02 during trading on Thursday, reaching $13.61. 736,277 shares of the stock were exchanged, compared to its average volume of 1,868,320. The firm's 50-day moving average price is $10.85 and its 200 day moving average price is $9.68. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 38.87 and a beta of 1.14. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.79 and a current ratio of 3.83. WisdomTree, Inc. has a 12-month low of $7.47 and a 12-month high of $13.65.

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, hitting the consensus estimate of $0.16. WisdomTree had a return on equity of 25.46% and a net margin of 15.77%. The firm had revenue of $108.08 million for the quarter, compared to analyst estimates of $108.47 million. During the same period in the previous year, the company posted $0.12 EPS. WisdomTree's revenue for the quarter was up 11.7% on a year-over-year basis. On average, sell-side analysts anticipate that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Wednesday, May 14th. WisdomTree's payout ratio is 34.29%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Morgan Stanley increased their price target on WisdomTree from $9.75 to $11.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 2nd. The Goldman Sachs Group raised WisdomTree from a "sell" rating to a "neutral" rating and increased their price target for the stock from $9.50 to $11.90 in a report on Friday, June 27th. Northcoast Research raised WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 price target for the company in a report on Wednesday, July 2nd. Finally, Oppenheimer raised their target price on WisdomTree from $12.00 to $15.00 and gave the company an "outperform" rating in a report on Tuesday. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $13.24.

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.