Point72 Asset Management L.P. Has $782,000 Position in WisdomTree, Inc. (NYSE:WT)

Point72 Asset Management L.P. cut its position 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 fund 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 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Quarry LP increased its stake in 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 during the period. Smartleaf Asset Management LLC grew its stake in shares of WisdomTree by 173.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company's stock worth $39,000 after purchasing an additional 2,405 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of WisdomTree by 60.7% in the 4th quarter. Federated Hermes Inc. now owns 4,705 shares of the company's stock worth $49,000 after purchasing an additional 1,777 shares during the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of WisdomTree in the 4th quarter worth approximately $60,000. Finally, KBC Group NV grew its stake in shares of WisdomTree by 48.4% in the 4th quarter. KBC Group NV now owns 7,792 shares of the company's stock worth $82,000 after purchasing an additional 2,540 shares during the last quarter. 78.64% of the stock is currently owned by institutional investors.

WisdomTree Trading Up 3.0%

Shares of WisdomTree stock traded up $0.29 during trading on Tuesday, hitting $9.66. The stock had a trading volume of 359,741 shares, compared to its average volume of 1,562,687. The stock has a 50 day simple moving average of $8.84 and a 200 day simple moving average of $9.70. The company has a market capitalization of $1.42 billion, a PE ratio of 31.15 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. WisdomTree, Inc. has a 1 year low of $7.47 and a 1 year high of $12.45.

WisdomTree (NYSE:WT - Get Free Report) last released its earnings results on Friday, May 2nd. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $108.08 million for the quarter, compared to the consensus estimate of $108.47 million. WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. The firm's quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the firm posted $0.12 earnings per share. On average, research analysts expect 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 will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Wednesday, May 14th. WisdomTree's dividend payout ratio is currently 34.29%.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered their price objective on shares of WisdomTree from $9.75 to $8.50 and set a "sell" rating on the stock in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating, two have given 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 target price of $12.42.

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.