Nuveen LLC Acquires Shares of 1,906,220 WisdomTree, Inc. $WT

Key Points

• Nuveen LLC acquired 1,906,220 shares of WisdomTree, Inc. for approximately $17 million, which represents a 1.30% stake in the company as of their latest SEC filing.
• WisdomTree recently announced a quarterly dividend of $0.03 per share, reflecting an annualized yield of 0.9%, with an ex-dividend date of August 13th.
• Analysts have upgraded WisdomTree's target price, with Oppenheimer setting a new target of $15.00 and Northcoast Research giving a "buy" rating, contributing to an overall consensus of a "Moderate Buy."

Nuveen LLC acquired a new stake in WisdomTree, Inc. (NYSE:WT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,906,220 shares of the company's stock, valued at approximately $17,003,000. Nuveen LLC owned 1.30% of WisdomTree as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of WT. Millennium Management LLC raised its stake in WisdomTree by 532.6% in the fourth quarter. Millennium Management LLC now owns 2,031,534 shares of the company's stock valued at $21,331,000 after buying an additional 1,710,409 shares during the period. Nuveen Asset Management LLC increased its stake in shares of WisdomTree by 139.9% during the fourth quarter. Nuveen Asset Management LLC now owns 1,270,963 shares of the company's stock worth $13,345,000 after purchasing an additional 741,134 shares during the period. BNP Paribas Financial Markets increased its stake in shares of WisdomTree by 358.8% during the fourth quarter. BNP Paribas Financial Markets now owns 714,010 shares of the company's stock worth $7,497,000 after purchasing an additional 558,392 shares during the period. Raymond James Financial Inc. bought a new position in shares of WisdomTree during the fourth quarter worth approximately $4,262,000. Finally, Foundry Partners LLC increased its stake in shares of WisdomTree by 993.4% during the first quarter. Foundry Partners LLC now owns 438,947 shares of the company's stock worth $3,915,000 after purchasing an additional 398,801 shares during the period. Institutional investors own 78.64% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on WT shares. Oppenheimer increased their target price on WisdomTree from $12.00 to $15.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Morgan Stanley increased their target price on WisdomTree from $11.50 to $12.50 and gave the stock an "equal weight" rating in a research note on Monday. Northcoast Research upgraded WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 target price on the stock in a research note on Wednesday, July 2nd. Craig Hallum reiterated a "buy" rating on shares of WisdomTree in a research note on Monday, August 4th. Finally, The Goldman Sachs Group upgraded WisdomTree from a "sell" rating to a "neutral" rating and increased their target price for the stock from $9.50 to $11.90 in a research note on Friday, June 27th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, WisdomTree presently has an average rating of "Moderate Buy" and a consensus target price of $13.15.

Insider Buying and Selling at WisdomTree

In other WisdomTree news, COO R Jarrett Lilien sold 25,000 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $13.33, for a total value of $333,250.00. Following the sale, the chief operating officer owned 1,048,638 shares of the company's stock, valued at approximately $13,978,344.54. This trade represents a 2.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 9.30% of the company's stock.

WisdomTree Trading Down 2.7%

Shares of NYSE:WT opened at $13.0550 on Thursday. The company has a market capitalization of $1.92 billion, a P/E ratio of 33.48 and a beta of 1.16. WisdomTree, Inc. has a 1 year low of $7.47 and a 1 year high of $13.79. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.44 and a quick ratio of 1.04. The business's 50 day simple moving average is $12.36 and its 200 day simple moving average is $10.20.

WisdomTree (NYSE:WT - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.18. The business had revenue of $112.60 million for the quarter, compared to the consensus estimate of $110.66 million. WisdomTree had a return on equity of 25.17% and a net margin of 16.25%.The firm's quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.16 earnings per share. On average, research analysts anticipate that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 13th. WisdomTree's dividend payout ratio (DPR) is currently 30.77%.

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.

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