Stifel Financial Corp Grows Position in WisdomTree, Inc. (NYSE:WT)

Stifel Financial Corp increased its holdings in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 44.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 114,405 shares of the company's stock after acquiring an additional 35,397 shares during the quarter. Stifel Financial Corp owned approximately 0.08% of WisdomTree worth $1,201,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. ExodusPoint Capital Management LP boosted its holdings in shares of WisdomTree by 127.2% in the 4th quarter. ExodusPoint Capital Management LP now owns 1,162,993 shares of the company's stock worth $12,211,000 after purchasing an additional 651,121 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of WisdomTree by 157.4% in the 4th quarter. JPMorgan Chase & Co. now owns 880,489 shares of the company's stock valued at $9,245,000 after purchasing an additional 538,385 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in WisdomTree by 188.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 722,586 shares of the company's stock worth $7,587,000 after purchasing an additional 472,505 shares during the period. Raymond James Financial Inc. purchased a new position in WisdomTree during the fourth quarter valued at $4,262,000. Finally, Edgestream Partners L.P. raised its holdings in WisdomTree by 498.8% in the fourth quarter. Edgestream Partners L.P. now owns 468,117 shares of the company's stock worth $4,915,000 after buying an additional 389,945 shares during the last quarter. Institutional investors own 78.64% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on WT shares. The Goldman Sachs Group lowered their price objective on WisdomTree from $9.75 to $8.50 and set a "sell" rating for the company in a research note on Monday, April 14th. Keefe, Bruyette & Woods decreased their price objective on shares of 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 analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $12.42.

WisdomTree Stock Up 0.8%

WisdomTree stock traded up $0.08 during midday trading on Monday, reaching $9.52. The stock had a trading volume of 1,238,511 shares, compared to its average volume of 1,549,755. 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's fifty day simple moving average is $8.62 and its 200-day simple moving average is $9.77. The stock has a market capitalization of $1.40 billion, a P/E ratio of 30.71 and a beta of 1.07. WisdomTree, Inc. has a 1-year low of $7.47 and a 1-year high of $12.45.

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

WisdomTree Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.12 annualized dividend and a dividend yield of 1.26%. WisdomTree's dividend payout ratio is currently 34.29%.

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.