2 weeks Ago By Defense World Staff
Wells Fargo & Company MN raised its holdings in WisdomTree, Inc. (NYSE:WT – Free Report) by 17.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC.
The fund owned 192,868 shares of the company’s stock after buying an additional 28,497 shares during the quarter. Wells Fargo & Company MN owned about 0.13% of WisdomTree worth $2,025,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Barclays PLC lifted its stake in shares of WisdomTree by 201.3% during the third quarter.
Barclays PLC now owns 268,668 shares of the company’s stock worth $2,684,000 after buying an additional 179,493 shares during the period. Geode Capital Management LLC raised its stake in WisdomTree by 3.3% in the 3rd quarter.
Geode Capital Management LLC now owns 2,914,051 shares of the company’s stock worth $29,117,000 after acquiring an additional 93,140 shares during the last quarter. Franklin Resources Inc. acquired a new stake in WisdomTree during the 3rd quarter worth about $888,000.
Principal Financial Group Inc. grew its stake in WisdomTree by 26.9% during the 3rd quarter.
Principal Financial Group Inc. now owns 708,842 shares of the company’s stock valued at $7,081,000 after purchasing an additional 150,257 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of WisdomTree by 2.
6% in the fourth quarter. Nordea Investment Management AB now owns 391,208 shares of the company’s stock valued at $4,100,000 after purchasing an additional 9,912 shares during the period. 78.
64% of the stock is currently owned by hedge funds and other institutional investors. WisdomTree Stock PerformanceWT opened at $8.69 on Friday.
WisdomTree, Inc. has a 1 year low of $7.47 and a 1 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 firm has a fifty day moving average price of $8.
63 and a 200 day moving average price of $9.86. The stock has a market cap of $1.
28 billion, a P/E ratio of 28.03 and a beta of 1.26.
WisdomTree (NYSE:WT – Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.
19 by ($0.02). WisdomTree had a net margin of 15.
59% and a return on equity of 24.67%. Equities research analysts anticipate that WisdomTree, Inc.
will post 0.72 earnings per share for the current year. WisdomTree Announces DividendThe business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th.
Shareholders of record on Wednesday, February 12th were given a dividend of $0.03 per share. This represents a $0.
12 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Wednesday, February 12th.
WisdomTree’s dividend payout ratio is presently 38.71%. Analyst Upgrades and DowngradesA number of research firms recently commented on WT.
Keefe, Bruyette & Woods decreased their target price on WisdomTree from $12.00 to $10.50 and set a “market perform” rating for the company in a report on Tuesday, January 14th.
The Goldman Sachs Group decreased their price objective on shares of WisdomTree from $9.75 to $8.50 and set a “sell” rating for the company in a research note on Monday, April 14th.
Finally, Northcoast Research lowered shares of WisdomTree from a “buy” rating to a “neutral” rating in a research note on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $12.
42.Check Out Our Latest Analysis on WTInsider Buying and Selling at WisdomTreeIn other news, insider Alexis Marinof sold 90,980 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $9.
87, for a total value of $897,972.60. Following the transaction, the insider now owns 221,146 shares in the company, valued at $2,182,711.
02. This trade represents a 29.15 % decrease in their ownership of the stock.
The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 7.80% of the company’s stock.
WisdomTree Company Profile (Free Report)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.
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