Two Sigma Advisers LP Buys 334,400 Shares of WisdomTree, Inc. (NYSE:WT)

Two Sigma Advisers LP increased its stake in shares of WisdomTree, Inc. (NYSE:WT) by 37.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,237,000 shares of the company’s stock after acquiring an additional 334,400 shares during the quarter. Two Sigma Advisers LP’s holdings in WisdomTree were worth $12,988,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of WT. Millennium Management LLC grew its stake in WisdomTree by 532.6% in the 4th quarter. Millennium Management LLC now owns 2,031,534 shares of the company’s stock valued at $21,331,000 after purchasing an additional 1,710,409 shares during the period. Nuveen Asset Management LLC grew its stake in WisdomTree by 139.9% in the 4th quarter. Nuveen Asset Management LLC now owns 1,270,963 shares of the company’s stock valued at $13,345,000 after purchasing an additional 741,134 shares during the period. ExodusPoint Capital Management LP grew its stake 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 during the period. BNP Paribas Financial Markets grew its stake in WisdomTree by 358.8% in the 4th quarter. BNP Paribas Financial Markets now owns 714,010 shares of the company’s stock valued at $7,497,000 after purchasing an additional 558,392 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in WisdomTree by 157.4% in the 4th 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. Institutional investors own 78.64% of the company’s stock.

WisdomTree Stock Down 0.4%

Shares of NYSE WT opened at $9.49 on Friday. 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 business’s fifty day moving average price is $8.81 and its 200-day moving average price is $9.73. The stock has a market capitalization of $1.40 billion, a PE ratio of 30.61 and a beta of 1.07.

WisdomTree (NYSE:WT) last issued its quarterly earnings results on Friday, May 2nd. The company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. The firm had revenue of $108.08 million for the quarter, compared to analysts’ expectations of $108.47 million. During the same quarter in the prior year, the firm earned $0.12 EPS. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities research analysts anticipate that WisdomTree, Inc. will post 0.72 EPS for the current year.

WisdomTree Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be given a dividend of $0.03 per share. The ex-dividend date is Wednesday, May 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.26%. WisdomTree’s dividend payout ratio is presently 34.29%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group reduced their price objective on WisdomTree from $9.75 to $8.50 and set a “sell” rating for the company in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company 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.