WisdomTree, Inc. (NYSE:WT) Shares Acquired by Nuveen Asset Management LLC

Nuveen Asset Management LLC lifted its position in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 139.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,270,963 shares of the company's stock after purchasing 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 quarter.

Several other institutional investors also recently modified their holdings of WT. Navellier & Associates Inc. increased its position in WisdomTree by 11.4% in the 4th quarter. Navellier & Associates Inc. now owns 15,226 shares of the company's stock valued at $160,000 after acquiring an additional 1,556 shares during the period. Federated Hermes Inc. lifted its stake in shares of WisdomTree by 60.7% in the fourth quarter. Federated Hermes Inc. now owns 4,705 shares of the company's stock valued at $49,000 after buying an additional 1,777 shares in the last quarter. EntryPoint Capital LLC lifted its position in shares of WisdomTree by 6.7% during the fourth quarter. EntryPoint Capital LLC now owns 29,622 shares of the company's stock valued at $311,000 after purchasing an additional 1,870 shares in the last quarter. Bank of Montreal Can lifted its position in shares of WisdomTree by 11.6% during the fourth quarter. Bank of Montreal Can now owns 18,702 shares of the company's stock valued at $196,000 after purchasing an additional 1,951 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in WisdomTree by 173.3% during the fourth 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 during the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

WisdomTree Stock Down 0.6%

Shares of WT stock traded down $0.06 on Friday, hitting $9.45. The stock had a trading volume of 789,664 shares, compared to its average volume of 1,566,480. The company has a market cap of $1.39 billion, a PE ratio of 30.48 and a beta of 1.07. 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 business has a 50 day moving average price of $8.89 and a 200 day moving average price of $9.66. WisdomTree, Inc. has a one year low of $7.47 and a one year high of $12.45.

WisdomTree (NYSE:WT - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The company reported $0.16 EPS for the quarter, hitting analysts' consensus estimates of $0.16. WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. The business had revenue of $108.08 million for the quarter, compared to analysts' expectations of $108.47 million. During the same quarter last year, the company earned $0.12 EPS. The business's revenue was up 11.7% on a year-over-year basis. Research analysts anticipate that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Wednesday, May 14th. WisdomTree's payout ratio is 34.29%.

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.