Millennium Management LLC Has $21.33 Million Stock Holdings in WisdomTree, Inc. (NYSE:WT)

Millennium Management LLC increased its position in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 532.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,031,534 shares of the company's stock after acquiring an additional 1,710,409 shares during the quarter. Millennium Management LLC owned about 1.39% of WisdomTree worth $21,331,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Northern Trust Corp boosted its stake in WisdomTree by 1.1% during the 4th quarter. Northern Trust Corp now owns 1,440,197 shares of the company's stock worth $15,122,000 after acquiring an additional 15,489 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in WisdomTree by 10.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,310,899 shares of the company's stock valued at $13,764,000 after buying an additional 119,762 shares in the last quarter. ExodusPoint Capital Management LP lifted its stake in WisdomTree by 127.2% in the fourth quarter. ExodusPoint Capital Management LP now owns 1,162,993 shares of the company's stock valued at $12,211,000 after buying an additional 651,121 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in WisdomTree by 59.0% in the fourth quarter. Cubist Systematic Strategies LLC now owns 987,187 shares of the company's stock valued at $10,365,000 after buying an additional 366,303 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in WisdomTree by 40.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 916,657 shares of the company's stock valued at $9,625,000 after buying an additional 265,687 shares in the last quarter. Institutional investors own 78.64% of the company's stock.

WisdomTree Stock Down 1.0%

WT traded down $0.10 during trading on Monday, reaching $9.38. The company had a trading volume of 585,408 shares, compared to its average volume of 1,567,458. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.92 and a quick ratio of 2.13. WisdomTree, Inc. has a 12 month low of $7.47 and a 12 month high of $12.45. The business's fifty day moving average price is $8.84 and its 200 day moving average price is $9.70. The company has a market cap of $1.38 billion, a P/E ratio of 30.26 and a beta of 1.07.

WisdomTree (NYSE:WT - Get Free Report) last posted its quarterly earnings data 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 net margin of 15.59% and a return on equity of 24.67%. 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 company earned $0.12 earnings per share. The firm's revenue was up 11.7% compared to the same quarter last year. Equities analysts anticipate that WisdomTree, Inc. will post 0.72 EPS for the current year.

WisdomTree Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be issued a $0.03 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.28%. WisdomTree's dividend payout ratio (DPR) is presently 34.29%.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group cut their price target on shares of WisdomTree from $9.75 to $8.50 and set a "sell" rating on the stock 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 assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $12.42.

WisdomTree 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.