Mackenzie Financial Corp Buys 56,552 Shares of WisdomTree, Inc. (NYSE:WT)

Mackenzie Financial Corp raised its stake in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 266.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,764 shares of the company's stock after buying an additional 56,552 shares during the quarter. Mackenzie Financial Corp owned about 0.05% of WisdomTree worth $817,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of WT. 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 valued at $29,000 after acquiring an additional 2,650 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in WisdomTree by 173.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company's stock worth $39,000 after buying an additional 2,405 shares in the last quarter. Federated Hermes Inc. grew its stake in WisdomTree by 60.7% in the 4th quarter. Federated Hermes Inc. now owns 4,705 shares of the company's stock worth $49,000 after buying an additional 1,777 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in shares of WisdomTree in the 4th quarter worth $60,000. Finally, KBC Group NV lifted its holdings in shares of WisdomTree by 48.4% during the 4th quarter. KBC Group NV now owns 7,792 shares of the company's stock worth $82,000 after acquiring an additional 2,540 shares during the last quarter. 78.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group dropped their target price on WisdomTree from $9.75 to $8.50 and set a "sell" rating for the company in a research report on Monday, April 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $12.42.

WisdomTree Stock Up 0.6%

Shares of WT stock traded up $0.06 during trading hours on Tuesday, hitting $9.54. 1,082,875 shares of the company's stock traded hands, compared to its average volume of 1,561,579. The stock's fifty day simple moving average is $8.89 and its two-hundred day simple moving average is $9.63. The company has a quick ratio of 2.13, a current ratio of 2.92 and a debt-to-equity ratio of 1.28. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 30.76 and a beta of 1.07. WisdomTree, Inc. has a 12-month low of $7.47 and a 12-month high of $12.45.

WisdomTree (NYSE:WT - Get Free Report) last issued its earnings results on Friday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $108.08 million during the quarter, compared to analysts' expectations of $108.47 million. WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. The business'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 earned $0.12 earnings per share. On average, analysts expect that WisdomTree, Inc. will post 0.72 EPS for the current year.

WisdomTree Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were given 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 1.26%. WisdomTree's payout ratio is 34.29%.

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.