WisdomTree, Inc. (NYSE:WT) Shares Purchased by Man Group plc

Man Group plc boosted its position in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 297.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 86,392 shares of the company's stock after buying an additional 64,669 shares during the period. Man Group plc owned approximately 0.06% of WisdomTree worth $907,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Millennium Management LLC lifted its stake in shares of WisdomTree by 532.6% in the 4th quarter. Millennium Management LLC now owns 2,031,534 shares of the company's stock valued at $21,331,000 after purchasing an additional 1,710,409 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in shares of WisdomTree by 139.9% in the 4th quarter. Nuveen Asset Management LLC now owns 1,270,963 shares of the company's stock valued at $13,345,000 after purchasing an additional 741,134 shares during the last quarter. ExodusPoint Capital Management LP lifted its stake in shares of WisdomTree by 127.2% in the 4th quarter. ExodusPoint Capital Management LP now owns 1,162,993 shares of the company's stock valued at $12,211,000 after purchasing an additional 651,121 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of WisdomTree by 358.8% during the 4th quarter. BNP Paribas Financial Markets now owns 714,010 shares of the company's stock worth $7,497,000 after acquiring an additional 558,392 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of WisdomTree by 157.4% during the 4th quarter. JPMorgan Chase & Co. now owns 880,489 shares of the company's stock worth $9,245,000 after acquiring an additional 538,385 shares during the last quarter. 78.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

WisdomTree Trading Down 0.5%

WT traded down $0.05 during trading on Thursday, hitting $9.48. 84,996 shares of the stock were exchanged, compared to its average volume of 1,558,148. The firm has a 50 day simple moving average of $8.88 and a 200 day simple moving average of $9.70. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 30.56 and a beta of 1.07. WisdomTree, Inc. has a 1 year low of $7.47 and a 1 year high of $12.45. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.13 and a current ratio of 2.92.

WisdomTree (NYSE:WT - Get Free Report) last released its quarterly earnings data 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 24.67% and a net margin of 15.59%. The company had revenue of $108.08 million for the quarter, compared to the consensus estimate of $108.47 million. During the same period last year, the business posted $0.12 EPS. WisdomTree's quarterly revenue was up 11.7% on a year-over-year basis. As a group, equities analysts expect that WisdomTree, Inc. will post 0.72 EPS for the current year.

WisdomTree Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were issued 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 1.27%. WisdomTree's dividend payout ratio is presently 34.29%.

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.