Hsbc Holdings PLC Acquires 77,489 Shares of WisdomTree, Inc. (NYSE:WT)

Hsbc Holdings PLC boosted its position in WisdomTree, Inc. (NYSE:WT - Free Report) by 222.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 112,295 shares of the company's stock after purchasing an additional 77,489 shares during the quarter. Hsbc Holdings PLC owned about 0.08% of WisdomTree worth $1,178,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. ExodusPoint Capital Management LP grew its holdings in WisdomTree by 127.2% in the fourth quarter. ExodusPoint Capital Management LP now owns 1,162,993 shares of the company's stock worth $12,211,000 after purchasing an additional 651,121 shares during the period. JPMorgan Chase & Co. grew its stake in WisdomTree by 157.4% in the fourth quarter. JPMorgan Chase & Co. now owns 880,489 shares of the company's stock valued at $9,245,000 after acquiring an additional 538,385 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of WisdomTree by 188.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 722,586 shares of the company's stock valued at $7,587,000 after acquiring an additional 472,505 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of WisdomTree during the fourth quarter worth approximately $4,262,000. Finally, Edgestream Partners L.P. lifted its holdings in shares of WisdomTree by 498.8% in the 4th quarter. Edgestream Partners L.P. now owns 468,117 shares of the company's stock worth $4,915,000 after purchasing an additional 389,945 shares in the last quarter. 78.64% of the stock is owned by institutional investors and hedge funds.

WisdomTree Stock Performance

Shares of NYSE WT traded up $0.10 during midday trading on Thursday, reaching $9.38. The company's stock had a trading volume of 360,285 shares, compared to its average volume of 1,536,953. The firm has a 50 day moving average price of $8.60 and a 200-day moving average price of $9.79. The stock has a market capitalization of $1.38 billion, a P/E ratio of 30.26 and a beta of 1.07. WisdomTree, Inc. has a 12-month low of $7.47 and a 12-month high of $12.45. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.92 and a quick ratio of 2.13.

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. The firm had revenue of $108.08 million during the quarter, compared to analyst estimates of $108.47 million. WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. The business's revenue was up 11.7% compared to the same quarter last year. During the same period last year, the firm posted $0.12 EPS. As a group, equities analysts predict that WisdomTree, Inc. will post 0.72 earnings per share for the current year.

WisdomTree Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.28%. The ex-dividend date is Wednesday, May 14th. WisdomTree's dividend payout ratio (DPR) is currently 34.29%.

Analysts Set New Price Targets

Several research firms have recently commented on WT. Keefe, Bruyette & Woods decreased their target price on shares of WisdomTree from $12.00 to $10.50 and set a "market perform" rating for the company in a research report on Tuesday, January 14th. The Goldman Sachs Group lowered their price objective on WisdomTree from $9.75 to $8.50 and set a "sell" rating for the company in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $12.42.

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.