DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 94,315 Shares of WisdomTree, Inc. (NYSE:WT)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main cut its stake in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 44.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,110 shares of the company's stock after selling 94,315 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned about 0.08% of WisdomTree worth $1,240,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of WT. Quarry LP raised its stake in WisdomTree by 1,778.5% in the 4th quarter. Quarry LP now owns 2,799 shares of the company's stock valued at $29,000 after acquiring an additional 2,650 shares during the period. Smartleaf Asset Management LLC raised its stake in WisdomTree by 173.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company's stock valued at $39,000 after acquiring an additional 2,405 shares during the period. Federated Hermes Inc. grew its holdings in WisdomTree by 60.7% during the 4th quarter. Federated Hermes Inc. now owns 4,705 shares of the company's stock valued at $49,000 after buying an additional 1,777 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in WisdomTree during the 4th quarter valued at about $60,000. Finally, KBC Group NV grew its holdings in WisdomTree by 48.4% during the 4th quarter. KBC Group NV now owns 7,792 shares of the company's stock valued at $82,000 after buying an additional 2,540 shares in the last quarter. 78.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group reduced their target price on WisdomTree from $9.75 to $8.50 and set a "sell" rating for the company in a report on Monday, April 14th. One equities 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $12.42.

WisdomTree Price Performance

Shares of NYSE WT traded up $0.12 during midday trading on Thursday, hitting $9.55. 1,084,243 shares of the company's stock were exchanged, compared to its average volume of 1,549,562. WisdomTree, Inc. has a 12-month low of $7.47 and a 12-month high of $12.45. The company has a current ratio of 2.92, a quick ratio of 2.13 and a debt-to-equity ratio of 1.28. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 30.81 and a beta of 1.07. The business's fifty day moving average price is $8.67 and its two-hundred day moving average price is $9.76.

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

WisdomTree Announces Dividend

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

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.