Hsbc Holdings PLC Has $1.18 Million Holdings in WisdomTree, Inc. (NYSE:WT)

Hsbc Holdings PLC lifted its stake in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 222.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,295 shares of the company's stock after purchasing an additional 77,489 shares during the period. Hsbc Holdings PLC owned approximately 0.08% of WisdomTree worth $1,178,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Smartleaf Asset Management LLC raised its holdings in WisdomTree by 173.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company's stock worth $39,000 after buying an additional 2,405 shares during the period. Federated Hermes Inc. raised its holdings in shares of WisdomTree by 60.7% during the fourth quarter. Federated Hermes Inc. now owns 4,705 shares of the company's stock valued at $49,000 after acquiring an additional 1,777 shares during the period. Stonebridge Financial Group LLC purchased a new stake in shares of WisdomTree in the 4th quarter valued at approximately $60,000. KBC Group NV boosted its stake in 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 period. Finally, Xponance Inc. acquired a new position in WisdomTree in the 4th quarter worth approximately $105,000. 78.64% of the stock is owned by hedge funds and other institutional investors.

WisdomTree Stock Down 1.3 %

NYSE WT traded down $0.12 on Tuesday, reaching $9.08. The stock had a trading volume of 735,398 shares, compared to its average volume of 1,538,114. The company has a current ratio of 2.92, a quick ratio of 2.13 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. The business has a 50 day moving average price of $8.59 and a 200 day moving average price of $9.80. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 29.30 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, hitting analysts' consensus estimates of $0.16. The firm had revenue of $108.08 million during the quarter, compared to analysts' expectations of $108.47 million. WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. The company's revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.12 earnings per share. On average, analysts forecast that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Wednesday, May 14th. WisdomTree's dividend payout ratio (DPR) is presently 34.29%.

Analysts Set New Price Targets

WT has been the subject of a number of research analyst reports. The Goldman Sachs Group reduced their target price on WisdomTree from $9.75 to $8.50 and set a "sell" rating for the company in a report on Monday, April 14th. Keefe, Bruyette & Woods decreased their price objective on WisdomTree from $12.00 to $10.50 and set a "market perform" rating for the company in a research report on Tuesday, January 14th. One research 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. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target 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.