Hsbc Holdings PLC Has $179,000 Stock Position in WisdomTree, Inc. $WT

Key Points

• Hsbc Holdings PLC significantly reduced its stake in WisdomTree, Inc. by 82.3%, now owning just 19,858 shares worth approximately $179,000 after selling 92,437 shares.
• Envestnet Asset Management Inc. raised its position in WisdomTree by 39.2%, now owning 808,352 shares valued at around $7.21 million.
• WisdomTree declared a quarterly dividend of $0.03 per share, resulting in a 0.9% dividend yield and a payout ratio of 30.77%.

Hsbc Holdings PLC lessened its holdings in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 82.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,858 shares of the company's stock after selling 92,437 shares during the quarter. Hsbc Holdings PLC's holdings in WisdomTree were worth $179,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its position in WisdomTree by 39.2% during the first quarter. Envestnet Asset Management Inc. now owns 808,352 shares of the company's stock valued at $7,210,000 after acquiring an additional 227,626 shares in the last quarter. HighTower Advisors LLC bought a new position in shares of WisdomTree in the first quarter valued at approximately $466,000. American Century Companies Inc. raised its position in shares of WisdomTree by 11.2% in the first quarter. American Century Companies Inc. now owns 369,747 shares of the company's stock valued at $3,298,000 after purchasing an additional 37,343 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of WisdomTree in the first quarter valued at approximately $197,000. Finally, Bank of America Corp DE grew its stake in shares of WisdomTree by 93.8% in the fourth quarter. Bank of America Corp DE now owns 313,859 shares of the company's stock worth $3,296,000 after acquiring an additional 151,926 shares during the last quarter. Institutional investors own 78.64% of the company's stock.

Insider Activity at WisdomTree

In other news, COO R Jarrett Lilien sold 12,500 shares of the company's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $13.21, for a total value of $165,125.00. Following the completion of the sale, the chief operating officer directly owned 1,036,138 shares of the company's stock, valued at $13,687,382.98. This represents a 1.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 9.30% of the stock is currently owned by company insiders.

WisdomTree Trading Up 2.8%

NYSE:WT traded up $0.39 on Thursday, hitting $14.10. 2,623,239 shares of the stock were exchanged, compared to its average volume of 3,451,820. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 36.15 and a beta of 1.19. WisdomTree, Inc. has a 52 week low of $7.47 and a 52 week high of $14.14. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.04 and a current ratio of 1.44. The company's 50-day moving average price is $13.21 and its 200 day moving average price is $10.63.

WisdomTree (NYSE:WT - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. The firm had revenue of $112.60 million during the quarter, compared to analysts' expectations of $110.66 million. WisdomTree had a return on equity of 25.17% and a net margin of 16.25%.The company's quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.16 EPS. On average, equities research analysts forecast 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 was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were paid a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.9%. WisdomTree's dividend payout ratio is 30.77%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Craig Hallum restated a "buy" rating on shares of WisdomTree in a research note on Monday, August 4th. 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 note on Friday, June 27th. 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 note on Tuesday, July 22nd. Northcoast Research upgraded shares of WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 price target on the stock in a research note on Wednesday, July 2nd. Finally, Morgan Stanley lifted their price target on shares of WisdomTree from $11.50 to $12.50 and gave the stock an "equal weight" rating in a research note on Monday, August 18th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $13.56.

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.