WisdomTree, Inc. (NYSE:WT) Shares Sold by Point72 Asset Management L.P.

Point72 Asset Management L.P. lowered its stake in WisdomTree, Inc. (NYSE:WT - Free Report) by 61.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 74,500 shares of the company's stock after selling 118,524 shares during the quarter. Point72 Asset Management L.P. owned about 0.05% of WisdomTree worth $782,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Millennium Management LLC increased its position in WisdomTree by 532.6% in the fourth quarter. Millennium Management LLC now owns 2,031,534 shares of the company's stock worth $21,331,000 after purchasing an additional 1,710,409 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of WisdomTree by 139.9% in the 4th quarter. Nuveen Asset Management LLC now owns 1,270,963 shares of the company's stock valued at $13,345,000 after acquiring an additional 741,134 shares during the last quarter. ExodusPoint Capital Management LP lifted its stake in shares of WisdomTree by 127.2% in the 4th quarter. ExodusPoint Capital Management LP now owns 1,162,993 shares of the company's stock valued at $12,211,000 after purchasing an additional 651,121 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of WisdomTree by 358.8% during the 4th quarter. BNP Paribas Financial Markets now owns 714,010 shares of the company's stock valued at $7,497,000 after purchasing an additional 558,392 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in WisdomTree by 157.4% during the 4th quarter. JPMorgan Chase & Co. now owns 880,489 shares of the company's stock valued at $9,245,000 after buying an additional 538,385 shares during the period. Institutional investors own 78.64% of the company's stock.

Wall Street Analyst Weigh In

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

WisdomTree Stock Down 1.6%

NYSE WT traded down $0.15 on Wednesday, hitting $9.54. The stock had a trading volume of 97,671 shares, compared to its average volume of 1,558,947. WisdomTree, Inc. has a 52-week low of $7.47 and a 52-week high of $12.45. The business's fifty day moving average price is $8.86 and its 200 day moving average price is $9.70. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.92 and a quick ratio of 2.13. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 30.79 and a beta of 1.07.

WisdomTree (NYSE:WT - Get Free Report) last announced its earnings results on Friday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. The company had revenue of $108.08 million for the quarter, compared to analyst estimates of $108.47 million. The firm's quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.12 EPS. Equities research analysts anticipate that WisdomTree, Inc. will post 0.72 earnings per share for the current year.

WisdomTree Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be paid a dividend of $0.03 per share. The ex-dividend date is Wednesday, May 14th. This represents a $0.12 dividend on an annualized basis and a yield of 1.26%. 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.