WisdomTree, Inc. (NYSE:WT) Stock Position Increased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD increased its position in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 40.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 916,657 shares of the company's stock after buying an additional 265,687 shares during the period. Price T Rowe Associates Inc. MD owned 0.63% of WisdomTree worth $9,625,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of WT. Barclays PLC raised 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 purchasing an additional 179,493 shares during the period. Franklin Resources Inc. bought a new position in WisdomTree during the third quarter worth about $888,000. Nordea Investment Management AB grew its holdings in shares of WisdomTree by 2.6% during the 4th quarter. Nordea Investment Management AB now owns 391,208 shares of the company's stock worth $4,100,000 after purchasing an additional 9,912 shares in the last quarter. Cooper Financial Group acquired a new stake in WisdomTree in the fourth quarter valued at about $111,000. Finally, Park Avenue Securities LLC lifted its stake in shares of WisdomTree by 175.8% in the 4th quarter. Park Avenue Securities LLC now owns 29,015 shares of the company's stock valued at $305,000 after acquiring an additional 18,495 shares during the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

WisdomTree Stock Down 0.1 %

WisdomTree stock traded down $0.01 during midday trading on Friday, hitting $9.37. 201,349 shares of the company's stock were exchanged, compared to its average volume of 1,539,542. The company has a market cap of $1.38 billion, a PE ratio of 30.23 and a beta of 1.07. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.13 and a current ratio of 2.92. The firm has a 50-day moving average of $8.60 and a two-hundred day moving average of $9.79. WisdomTree, Inc. has a 12 month low of $7.47 and a 12 month high of $12.45.

WisdomTree (NYSE:WT - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The company reported $0.16 EPS for the quarter, meeting the consensus estimate 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 business's revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.12 earnings per share. As a group, analysts expect that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on WT shares. The Goldman Sachs Group reduced their price target on shares of WisdomTree from $9.75 to $8.50 and set a "sell" rating for the company in a research report on Monday, April 14th. Keefe, Bruyette & Woods reduced their target price on WisdomTree from $12.00 to $10.50 and set a "market perform" rating for the company in a report on Tuesday, January 14th. One 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. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $12.42.

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.