Vanguard Group Inc. Makes New Investment in WisdomTree, Inc. (NYSE:WT)

Vanguard Group Inc. purchased a new position in WisdomTree, Inc. (NYSE:WT - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,844,039 shares of the company's stock, valued at approximately $103,908,000. Vanguard Group Inc. owned about 9.87% of WisdomTree as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP purchased a new position in WisdomTree in the third quarter worth approximately $26,291,000. Nordea Investment Management AB acquired a new stake in WisdomTree during the third quarter worth approximately $3,096,000. Charles Schwab Investment Management Inc. acquired a new stake in WisdomTree during the third quarter worth approximately $7,091,000. Swiss National Bank acquired a new stake in WisdomTree during the third quarter worth approximately $1,723,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in WisdomTree during the third quarter worth approximately $535,000. Hedge funds and other institutional investors own 78.64% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on WT. Craig Hallum began coverage on shares of WisdomTree in a report on Wednesday, March 6th. They issued a "buy" rating and a $12.00 target price on the stock. Northcoast Research raised shares of WisdomTree from a "neutral" rating to a "buy" rating and set a $9.00 target price on the stock in a report on Thursday, December 28th. Oppenheimer lifted their target price on shares of WisdomTree from $11.00 to $12.00 and gave the company an "outperform" rating in a report on Monday, February 5th. Finally, Northland Securities raised shares of WisdomTree from a "market perform" rating to an "outperform" rating and set a $12.00 target price on the stock in a report on Wednesday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $10.21.

Insider Activity at WisdomTree

In related news, CEO Jonathan L. Steinberg acquired 303,781 shares of the company's stock in a transaction dated Tuesday, February 13th. The stock was bought at an average price of $7.20 per share, with a total value of $2,187,223.20. Following the purchase, the chief executive officer now directly owns 9,172,838 shares in the company, valued at approximately $66,044,433.60. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 7.80% of the stock is currently owned by corporate insiders.

WisdomTree Price Performance

Shares of WisdomTree stock traded up $0.08 on Friday, hitting $9.60. The company's stock had a trading volume of 1,295,301 shares, compared to its average volume of 1,151,533. WisdomTree, Inc. has a 52-week low of $5.86 and a 52-week high of $9.69. The company has a quick ratio of 1.66, a current ratio of 2.23 and a debt-to-equity ratio of 0.67. The firm has a fifty day moving average price of $8.01 and a 200-day moving average price of $7.20. The company has a market capitalization of $1.46 billion, a P/E ratio of 14.65 and a beta of 1.49.

WisdomTree (NYSE:WT - Get Free Report) last released its quarterly earnings data on Friday, February 2nd. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. WisdomTree had a net margin of 29.38% and a return on equity of 15.15%. The business had revenue of $90.84 million for the quarter, compared to analyst estimates of $90.32 million. During the same period in the previous year, the firm earned $0.04 EPS. The business's revenue for the quarter was up 23.9% compared to the same quarter last year. On average, equities research analysts expect that WisdomTree, Inc. will post 0.5 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.25%. The ex-dividend date was Tuesday, February 13th. WisdomTree's payout ratio is 18.46%.

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.