Mackenzie Financial Corp Raises Stock Holdings in WisdomTree, Inc. (NYSE:WT)

Mackenzie Financial Corp increased its position in WisdomTree, Inc. (NYSE:WT - Free Report) by 266.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 77,764 shares of the company's stock after purchasing an additional 56,552 shares during the period. Mackenzie Financial Corp owned 0.05% of WisdomTree worth $817,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Truist Financial Corp increased its position in WisdomTree by 142.9% during the 4th quarter. Truist Financial Corp now owns 73,579 shares of the company's stock worth $773,000 after purchasing an additional 43,293 shares during the period. Barclays PLC grew its holdings in shares of WisdomTree by 201.3% in the 3rd quarter. Barclays PLC now owns 268,668 shares of the company's stock worth $2,684,000 after acquiring an additional 179,493 shares during the period. Gabelli Funds LLC grew its holdings in shares of WisdomTree by 448.6% in the 4th quarter. Gabelli Funds LLC now owns 109,717 shares of the company's stock worth $1,152,000 after acquiring an additional 89,717 shares during the period. Caas Capital Management LP grew its holdings in shares of WisdomTree by 73.8% in the 4th quarter. Caas Capital Management LP now owns 129,184 shares of the company's stock worth $1,356,000 after acquiring an additional 54,863 shares during the period. Finally, Bank of America Corp DE grew its holdings in shares of WisdomTree by 93.8% in the 4th quarter. Bank of America Corp DE now owns 313,859 shares of the company's stock worth $3,296,000 after acquiring an additional 151,926 shares during the period. 78.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

WisdomTree Trading Up 0.3%

NYSE:WT traded up $0.03 on Thursday, hitting $9.78. 1,172,178 shares of the stock were exchanged, compared to its average volume of 1,566,761. The stock has a market cap of $1.44 billion, a PE ratio of 31.53 and a beta of 1.11. The company has a current ratio of 2.92, a quick ratio of 2.13 and a debt-to-equity ratio of 1.28. The stock has a fifty day moving average of $8.93 and a 200-day moving average of $9.62. WisdomTree, Inc. has a fifty-two week low of $7.47 and a fifty-two week high of $12.45.

WisdomTree (NYSE:WT - Get Free Report) last posted its earnings results on Friday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.16. WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. The business had revenue of $108.08 million during the quarter, compared to analyst estimates of $108.47 million. During the same quarter last year, the firm earned $0.12 earnings per share. The company's revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, equities analysts expect that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.23%. WisdomTree's dividend payout ratio (DPR) is currently 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.