WisdomTree, Inc. (NYSE:WT) Stake Lowered by First Trust Advisors LP

First Trust Advisors LP trimmed its position in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 27.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 365,138 shares of the company's stock after selling 135,151 shares during the period. First Trust Advisors LP owned approximately 0.25% of WisdomTree worth $3,834,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in shares of WisdomTree by 10.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,310,899 shares of the company's stock worth $13,764,000 after acquiring an additional 119,762 shares in the last quarter. ExodusPoint Capital Management LP increased its holdings in WisdomTree by 127.2% in the 4th quarter. ExodusPoint Capital Management LP now owns 1,162,993 shares of the company's stock valued at $12,211,000 after purchasing an additional 651,121 shares in the last quarter. JPMorgan Chase & Co. raised its position in WisdomTree by 157.4% in the fourth 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. Principal Financial Group Inc. lifted its stake in shares of WisdomTree by 2.8% during the fourth quarter. Principal Financial Group Inc. now owns 728,345 shares of the company's stock worth $7,648,000 after purchasing an additional 19,503 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of WisdomTree by 188.9% during 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 in the last quarter. 78.64% of the stock is owned by hedge funds and other institutional investors.

WisdomTree Stock Up 1.1 %

Shares of NYSE:WT traded up $0.10 during midday trading on Thursday, reaching $9.38. The company had a trading volume of 360,285 shares, compared to its average volume of 1,536,946. WisdomTree, Inc. has a one year low of $7.47 and a one year high of $12.45. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.92 and a quick ratio of 2.13. The stock has a market capitalization of $1.38 billion, a P/E ratio of 30.26 and a beta of 1.07. The stock's fifty day moving average price is $8.60 and its 200-day moving average price is $9.79.

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

WisdomTree Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on WT shares. Keefe, Bruyette & Woods lowered their target price on WisdomTree from $12.00 to $10.50 and set a "market perform" rating for the company in a research note on Tuesday, January 14th. The Goldman Sachs Group lowered their price objective 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, WisdomTree currently has a consensus rating of "Hold" and an average price target of $12.42.

WisdomTree Company 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.