Schonfeld Strategic Advisors LLC Boosts Stock Holdings in WisdomTree, Inc. (NYSE:WT)

Schonfeld Strategic Advisors LLC increased its position in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 342.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 114,200 shares of the company's stock after buying an additional 88,400 shares during the quarter. Schonfeld Strategic Advisors LLC owned 0.08% of WisdomTree worth $1,199,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP lifted its stake in WisdomTree by 1,778.5% during the fourth quarter. Quarry LP now owns 2,799 shares of the company's stock worth $29,000 after purchasing an additional 2,650 shares during the period. Smartleaf Asset Management LLC raised its position in WisdomTree by 173.3% in the 4th 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 during the last quarter. Federated Hermes Inc. raised its position in WisdomTree by 60.7% in the 4th 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 bought a new stake in shares of WisdomTree during the fourth quarter worth approximately $60,000. Finally, KBC Group NV raised its position in shares of 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 acquiring an additional 2,540 shares during the last quarter. 78.64% of the stock is owned by institutional investors and hedge funds.

WisdomTree Stock Performance

NYSE:WT traded up $0.10 during mid-day trading on Tuesday, hitting $9.62. The stock had a trading volume of 268,597 shares, compared to its average volume of 1,544,765. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 31.03 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. WisdomTree, Inc. has a twelve month low of $7.47 and a twelve month high of $12.45. The company's 50 day simple moving average is $8.64 and its 200 day simple moving average is $9.76.

WisdomTree (NYSE:WT - Get Free Report) last announced its quarterly earnings data 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 analysts' expectations of $108.47 million. During the same period last year, the firm posted $0.12 earnings per share. The firm's quarterly revenue was up 11.7% compared to the same quarter last year. On average, equities research analysts forecast that WisdomTree, Inc. will post 0.72 earnings per share for the current year.

WisdomTree Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors 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 yield of 1.25%. WisdomTree's payout ratio is 34.29%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WT. Keefe, Bruyette & Woods dropped their target price 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. The Goldman Sachs Group dropped their target price 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 analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently 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.