M&T Bank Corp Purchases Shares of 153,209 WisdomTree, Inc. (NYSE:WT)

M&T Bank Corp purchased a new stake in shares of WisdomTree, Inc. (NYSE:WT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 153,209 shares of the company's stock, valued at approximately $1,062,000. M&T Bank Corp owned 0.10% of WisdomTree as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. increased its stake in WisdomTree by 15.2% in the 4th quarter. Victory Capital Management Inc. now owns 22,203 shares of the company's stock worth $154,000 after buying an additional 2,927 shares in the last quarter. Quantbot Technologies LP bought a new stake in WisdomTree during the 3rd quarter valued at approximately $26,000. Avior Wealth Management LLC bought a new stake in WisdomTree during the 4th quarter valued at approximately $40,000. Allspring Global Investments Holdings LLC purchased a new position in WisdomTree in the 4th quarter worth approximately $46,000. Finally, Simplex Trading LLC bought a new position in WisdomTree in the 4th quarter worth approximately $55,000. Hedge funds and other institutional investors own 78.64% of the company's stock.

WisdomTree Price Performance

WT stock traded down $0.17 during trading on Friday, hitting $9.05. 1,010,285 shares of the company's stock traded hands, compared to its average volume of 1,106,957. WisdomTree, Inc. has a 52 week low of $6.06 and a 52 week high of $9.73. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 13.31 and a beta of 1.48. The business has a fifty day simple moving average of $8.92 and a 200 day simple moving average of $7.58. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.18 and a current ratio of 2.95.

WisdomTree (NYSE:WT - Get Free Report) last announced its quarterly earnings results on Friday, April 26th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.01. The firm had revenue of $96.84 million during the quarter, compared to the consensus estimate of $94.32 million. WisdomTree had a net margin of 29.80% and a return on equity of 16.31%. The firm's revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.07 EPS. As a group, research analysts expect that WisdomTree, Inc. will post 0.56 EPS for the current fiscal year.

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Tuesday, May 7th. WisdomTree's dividend payout ratio (DPR) is 17.65%.

Insider Activity

In related news, CEO Jonathan L. Steinberg purchased 303,781 shares of the firm's stock in a transaction that occurred on Tuesday, February 13th. The shares were bought at an average price of $7.20 per share, for a total transaction of $2,187,223.20. Following the acquisition, the chief executive officer now owns 9,172,838 shares of the company's stock, valued at approximately $66,044,433.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 7.80% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WT. Oppenheimer reiterated an "outperform" rating and set a $11.00 price objective on shares of WisdomTree in a research report on Monday, April 29th. Morgan Stanley boosted their price target on shares of WisdomTree from $7.75 to $9.25 and gave the stock an "equal weight" rating in a research note on Wednesday, April 17th. Craig Hallum assumed coverage on shares of WisdomTree in a report on Wednesday, March 6th. They set a "buy" rating and a $12.00 price objective for the company. UBS Group lifted their target price on WisdomTree from $9.00 to $12.00 and gave the stock a "buy" rating in a report on Friday, April 12th. Finally, Northland Securities upgraded WisdomTree from a "market perform" rating to an "outperform" rating and set a $12.00 target price on the stock in a research report on Wednesday, April 3rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $10.88.

About WisdomTree

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.