Skandinaviska Enskilda Banken AB publ Purchases New Holdings in WisdomTree, Inc. (NYSE:WT)

Skandinaviska Enskilda Banken AB publ purchased a new position in shares of WisdomTree, Inc. (NYSE:WT - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 26,719 shares of the company's stock, valued at approximately $238,000.

Several other institutional investors and hedge funds have also modified their holdings of WT. Quarry LP lifted its stake in shares of WisdomTree by 1,778.5% during the 4th quarter. Quarry LP now owns 2,799 shares of the company's stock valued at $29,000 after buying an additional 2,650 shares in the last quarter. Byrne Asset Management LLC lifted its stake in shares of WisdomTree by 114.0% during the 1st quarter. Byrne Asset Management LLC now owns 3,852 shares of the company's stock valued at $34,000 after buying an additional 2,052 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of WisdomTree by 310.5% during the 1st quarter. Versant Capital Management Inc now owns 5,263 shares of the company's stock valued at $47,000 after buying an additional 3,981 shares in the last quarter. Federated Hermes Inc. lifted its stake in shares of WisdomTree by 60.7% during the 4th 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. Finally, Dark Forest Capital Management LP purchased a new position in shares of WisdomTree during the 4th quarter valued at $108,000. Hedge funds and other institutional investors own 78.64% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WT. Northcoast Research upgraded shares of 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. Morgan Stanley boosted their price target on shares of WisdomTree from $9.75 to $11.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 2nd. The Goldman Sachs Group upgraded shares of WisdomTree from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $9.50 to $11.90 in a research note on Friday, June 27th. Finally, Oppenheimer boosted their price target on shares of WisdomTree from $12.00 to $15.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $12.90.

WisdomTree Price Performance

Shares of WisdomTree stock traded down $0.91 during trading hours on Friday, reaching $12.36. The company's stock had a trading volume of 6,047,595 shares, compared to its average volume of 2,505,980. The firm has a 50 day moving average price of $11.45 and a 200-day moving average price of $9.89. WisdomTree, Inc. has a one year low of $7.47 and a one year high of $13.76. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.83 and a quick ratio of 2.79. The stock has a market cap of $1.82 billion, a P/E ratio of 31.69 and a beta of 1.16.

WisdomTree (NYSE:WT - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.18 earnings per share for the quarter, hitting analysts' consensus estimates of $0.18. WisdomTree had a net margin of 16.25% and a return on equity of 25.94%. The firm had revenue of $112.60 million for the quarter, compared to the consensus estimate of $110.66 million. During the same period in the previous year, the firm posted $0.16 EPS. The business's quarterly revenue was up 5.2% on a year-over-year basis. On average, analysts predict that WisdomTree, Inc. will post 0.72 EPS for the current year.

WisdomTree Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th will be issued a $0.03 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.0%. WisdomTree's payout ratio is 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.