WisdomTree, Inc. $WT Shares Bought by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL grew its stake in shares of WisdomTree, Inc. (NYSE:WT) by 18.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 591,244 shares of the company’s stock after purchasing an additional 93,094 shares during the quarter. Tudor Investment Corp ET AL owned 0.42% of WisdomTree worth $8,218,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Wellington Management Group LLP lifted its stake in shares of WisdomTree by 236.5% during the third quarter. Wellington Management Group LLP now owns 9,674,630 shares of the company’s stock worth $134,477,000 after purchasing an additional 6,799,654 shares in the last quarter. Simcoe Capital Management LLC lifted its stake in shares of WisdomTree by 23.5% during the second quarter. Simcoe Capital Management LLC now owns 4,924,550 shares of the company’s stock worth $56,682,000 after purchasing an additional 935,505 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of WisdomTree by 123.4% during the third quarter. American Century Companies Inc. now owns 1,968,507 shares of the company’s stock worth $27,362,000 after purchasing an additional 1,087,460 shares in the last quarter. Capitolis Liquid Global Markets LLC acquired a new position in shares of WisdomTree during the third quarter worth about $24,125,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of WisdomTree by 463.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,697,707 shares of the company’s stock worth $23,598,000 after purchasing an additional 1,396,569 shares in the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Northland Securities set a $20.00 price objective on WisdomTree in a research note on Monday, February 2nd. Morgan Stanley reduced their price objective on WisdomTree from $16.75 to $16.50 and set an “equal weight” rating on the stock in a research note on Wednesday, April 1st. Weiss Ratings restated a “buy (b-)” rating on shares of WisdomTree in a research note on Wednesday, January 21st. Wall Street Zen raised WisdomTree from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Oppenheimer dropped their target price on WisdomTree from $21.00 to $20.00 and set an “outperform” rating on the stock in a research report on Thursday, March 26th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, WisdomTree has an average rating of “Moderate Buy” and an average target price of $17.40.

Insider Activity at WisdomTree

In other news, COO R Jarrett Lilien sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $16.84, for a total transaction of $505,200.00. Following the completion of the transaction, the chief operating officer directly owned 1,140,245 shares of the company’s stock, valued at approximately $19,201,725.80. This represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 9.30% of the company’s stock.

WisdomTree Stock Up 3.4%

Shares of WisdomTree stock opened at $14.95 on Tuesday. The company has a quick ratio of 1.37, a current ratio of 1.75 and a debt-to-equity ratio of 1.94. The firm has a market cap of $2.12 billion, a P/E ratio of 19.93 and a beta of 1.11. WisdomTree, Inc. has a fifty-two week low of $7.47 and a fifty-two week high of $17.68. The business has a 50-day moving average price of $15.78 and a 200 day moving average price of $13.77.

WisdomTree (NYSE:WT) last announced its quarterly earnings data on Friday, January 30th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.06. The firm had revenue of $147.43 million during the quarter, compared to analyst estimates of $142.78 million. WisdomTree had a return on equity of 30.24% and a net margin of 22.10%.WisdomTree’s quarterly revenue was up 33.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.17 earnings per share. On average, sell-side analysts forecast that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $0.12 annualized dividend and a dividend yield of 0.8%. WisdomTree’s dividend payout ratio is 16.00%.

WisdomTree Company Profile

WisdomTree Investments, Inc (NYSE: WT) is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.