MML Investors Services LLC Purchases 82,165 Shares of WisdomTree, Inc. (NYSE:WT)

MML Investors Services LLC increased its position in WisdomTree, Inc. (NYSE:WT - Free Report) by 182.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 127,211 shares of the company's stock after purchasing an additional 82,165 shares during the quarter. MML Investors Services LLC owned approximately 0.09% of WisdomTree worth $1,336,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in shares of WisdomTree by 26.9% during the third quarter. Principal Financial Group Inc. now owns 708,842 shares of the company's stock worth $7,081,000 after purchasing an additional 150,257 shares during the last quarter. Truist Financial Corp boosted its holdings in shares of WisdomTree by 142.9% in the fourth quarter. Truist Financial Corp now owns 73,579 shares of the company's stock valued at $773,000 after buying an additional 43,293 shares during the period. Barclays PLC increased its position in shares of WisdomTree by 201.3% during the third quarter. Barclays PLC now owns 268,668 shares of the company's stock worth $2,684,000 after acquiring an additional 179,493 shares in the last quarter. Gabelli Funds LLC raised its holdings in shares of WisdomTree by 448.6% during the fourth quarter. Gabelli Funds LLC now owns 109,717 shares of the company's stock worth $1,152,000 after acquiring an additional 89,717 shares during the period. Finally, Caas Capital Management LP lifted its position in WisdomTree by 73.8% in the 4th quarter. Caas Capital Management LP now owns 129,184 shares of the company's stock valued at $1,356,000 after acquiring an additional 54,863 shares in the last quarter. Institutional investors own 78.64% of the company's stock.

Analyst Ratings Changes

WT has been the topic of a number of recent research reports. The Goldman Sachs Group dropped their target price on WisdomTree from $9.75 to $8.50 and set a "sell" rating on the stock in a research report on Monday, April 14th. Keefe, Bruyette & Woods lowered their price objective on shares of WisdomTree from $12.00 to $10.50 and set a "market perform" rating on the stock in a report on Tuesday, January 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. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $12.42.

WisdomTree Price Performance

WT stock traded down $0.07 during midday trading on Tuesday, reaching $9.14. 82,002 shares of the stock were exchanged, compared to its average volume of 1,535,552. 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 capitalization of $1.34 billion, a PE ratio of 29.50 and a beta of 1.07. WisdomTree, Inc. has a 52 week low of $7.47 and a 52 week high of $12.45. The company has a fifty day moving average price of $8.59 and a 200 day moving average price of $9.80.

WisdomTree (NYSE:WT - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. The company had revenue of $108.08 million for the quarter, compared to analysts' expectations of $108.47 million. During the same quarter in the previous year, the firm posted $0.12 earnings per share. WisdomTree's revenue for the quarter was up 11.7% on a year-over-year basis. As a group, analysts expect that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Wednesday, May 14th. WisdomTree's dividend payout ratio is presently 34.29%.

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.