Victory Capital Management Inc. Has $18.55 Million Stake in WisdomTree, Inc. (NYSE:WT)

Victory Capital Management Inc. cut its position in WisdomTree, Inc. (NYSE:WT - Free Report) by 10.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,079,613 shares of the company's stock after selling 246,775 shares during the quarter. Victory Capital Management Inc. owned approximately 1.41% of WisdomTree worth $18,550,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Kornitzer Capital Management Inc. KS boosted its holdings in WisdomTree by 5.8% in the 1st quarter. Kornitzer Capital Management Inc. KS now owns 970,830 shares of the company's stock valued at $8,660,000 after purchasing an additional 53,000 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of WisdomTree by 0.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,698,844 shares of the company's stock worth $32,994,000 after acquiring an additional 13,746 shares during the period. Personal CFO Solutions LLC acquired a new stake in shares of WisdomTree during the 1st quarter worth about $111,000. Envestnet Asset Management Inc. increased its position in shares of WisdomTree by 39.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 808,352 shares of the company's stock worth $7,210,000 after purchasing an additional 227,626 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of WisdomTree by 2.1% during the 1st quarter. Principal Financial Group Inc. now owns 743,700 shares of the company's stock worth $6,634,000 after purchasing an additional 15,355 shares in the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

WisdomTree Trading Down 0.2%

WisdomTree stock traded down $0.03 during midday trading on Friday, hitting $13.69. 2,367,201 shares of the stock were exchanged, compared to its average volume of 2,976,738. The company has a quick ratio of 2.79, a current ratio of 3.83 and a debt-to-equity ratio of 1.23. WisdomTree, Inc. has a 52 week low of $7.47 and a 52 week high of $13.76. The company has a fifty day simple moving average of $11.09 and a two-hundred day simple moving average of $9.76. The stock has a market capitalization of $2.01 billion, a PE ratio of 39.10 and a beta of 1.14.

WisdomTree (NYSE:WT - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The company reported $0.16 earnings per share for the quarter, meeting analysts' consensus estimates of $0.16. WisdomTree had a net margin of 15.77% and a return on equity of 25.46%. The firm had revenue of $108.08 million for the quarter, compared to analyst estimates of $108.47 million. During the same quarter in the previous year, the firm posted $0.12 earnings per share. The business's revenue was up 11.7% on a year-over-year basis. Equities research analysts anticipate that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend was Wednesday, May 14th. WisdomTree's payout ratio is currently 34.29%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on WT shares. Morgan Stanley raised their price objective on shares of WisdomTree from $9.75 to $11.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 2nd. Northcoast Research upgraded shares of WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 price target for the company in a research report on Wednesday, July 2nd. The Goldman Sachs Group upgraded shares of WisdomTree from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $9.50 to $11.90 in a research report on Friday, June 27th. Finally, Oppenheimer lifted their price target on shares of WisdomTree from $12.00 to $15.00 and gave the stock an "outperform" rating in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $13.24.

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.