Nuveen Asset Management LLC Boosts Stock Holdings in WisdomTree, Inc. (NYSE:WT)

Nuveen Asset Management LLC grew its holdings in WisdomTree, Inc. (NYSE:WT - Free Report) by 139.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,270,963 shares of the company's stock after buying an additional 741,134 shares during the period. Nuveen Asset Management LLC owned 0.87% of WisdomTree worth $13,345,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Truist Financial Corp raised its holdings in WisdomTree by 142.9% during the fourth quarter. Truist Financial Corp now owns 73,579 shares of the company's stock worth $773,000 after purchasing an additional 43,293 shares in the last quarter. Barclays PLC raised its holdings in WisdomTree by 201.3% during the third quarter. Barclays PLC now owns 268,668 shares of the company's stock worth $2,684,000 after purchasing an additional 179,493 shares in the last quarter. Gabelli Funds LLC raised its holdings in WisdomTree by 448.6% during the fourth quarter. Gabelli Funds LLC now owns 109,717 shares of the company's stock worth $1,152,000 after purchasing an additional 89,717 shares in the last quarter. Caas Capital Management LP raised its holdings in WisdomTree by 73.8% during the fourth quarter. Caas Capital Management LP now owns 129,184 shares of the company's stock worth $1,356,000 after purchasing an additional 54,863 shares in the last quarter. Finally, Principal Securities Inc. raised its holdings in WisdomTree by 146.1% during the fourth quarter. Principal Securities Inc. now owns 12,858 shares of the company's stock worth $135,000 after purchasing an additional 7,633 shares in the last quarter. 78.64% of the stock is owned by hedge funds and other institutional investors.

WisdomTree Price Performance

WT traded up $0.01 on Thursday, hitting $9.53. 619,807 shares of the company were exchanged, compared to its average volume of 1,560,230. The business's fifty day moving average is $8.88 and its 200 day moving average is $9.70. The firm has a market capitalization of $1.40 billion, a P/E ratio of 30.73 and a beta of 1.07. WisdomTree, Inc. has a fifty-two week low of $7.47 and a fifty-two week 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 results on Friday, May 2nd. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. The business had revenue of $108.08 million for the quarter, compared to analyst estimates of $108.47 million. WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. The company's quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.12 earnings per share. As a group, sell-side analysts anticipate that WisdomTree, Inc. will post 0.72 EPS for the current year.

WisdomTree Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Wednesday, May 14th. WisdomTree's payout ratio is 34.29%.

Wall Street Analyst Weigh In

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

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.