BNP Paribas Financial Markets Buys 558,392 Shares of WisdomTree, Inc. (NYSE:WT)

BNP Paribas Financial Markets lifted its stake in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 358.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 714,010 shares of the company's stock after purchasing an additional 558,392 shares during the quarter. BNP Paribas Financial Markets owned 0.49% of WisdomTree worth $7,497,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in WT. Quarry LP increased its stake in WisdomTree by 1,778.5% in the 4th quarter. Quarry LP now owns 2,799 shares of the company's stock worth $29,000 after acquiring an additional 2,650 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of WisdomTree by 173.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company's stock worth $39,000 after purchasing an additional 2,405 shares in the last quarter. Federated Hermes Inc. increased its position in shares of WisdomTree by 60.7% in the fourth quarter. Federated Hermes Inc. now owns 4,705 shares of the company's stock worth $49,000 after purchasing an additional 1,777 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in WisdomTree in the fourth quarter valued at approximately $60,000. Finally, KBC Group NV lifted its position in WisdomTree by 48.4% during the fourth quarter. KBC Group NV now owns 7,792 shares of the company's stock valued at $82,000 after purchasing an additional 2,540 shares during the last quarter. Hedge funds and other institutional investors own 78.64% of the company's stock.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group decreased their price target on shares of WisdomTree from $9.75 to $8.50 and set a "sell" rating on the stock in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $12.42.

WisdomTree Price Performance

NYSE:WT traded up $0.13 during mid-day trading on Friday, reaching $9.67. The stock had a trading volume of 1,434,263 shares, compared to its average volume of 1,551,060. The stock has a market capitalization of $1.42 billion, a P/E ratio of 31.19 and a beta of 1.07. The firm has a 50 day moving average price of $8.69 and a two-hundred day moving average price of $9.75. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.13 and a current ratio of 2.92. WisdomTree, Inc. has a one year low of $7.47 and a one year high of $12.45.

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

WisdomTree Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.24%. WisdomTree's dividend payout ratio (DPR) is currently 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.