Texas Permanent School Fund Corp Lowers Holdings in WisdomTree, Inc. (NYSE:WT)

Texas Permanent School Fund Corp reduced its stake in shares of WisdomTree, Inc. (NYSE:WT) by 8.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 88,079 shares of the company’s stock after selling 8,559 shares during the period. Texas Permanent School Fund Corp owned approximately 0.06% of WisdomTree worth $873,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. CWM LLC grew its position in WisdomTree by 85.8% during the second quarter. CWM LLC now owns 2,746 shares of the company’s stock valued at $27,000 after buying an additional 1,268 shares during the period. Gladius Capital Management LP purchased a new stake in shares of WisdomTree during the 2nd quarter worth about $32,000. Teacher Retirement System of Texas acquired a new stake in shares of WisdomTree during the 4th quarter valued at about $94,000. Bayesian Capital Management LP purchased a new position in shares of WisdomTree in the 1st quarter valued at about $105,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in WisdomTree in the 1st quarter worth about $118,000. Hedge funds and other institutional investors own 78.64% of the company’s stock.

WisdomTree Stock Performance

NYSE:WT opened at $10.09 on Friday. WisdomTree, Inc. has a twelve month low of $6.06 and a twelve month high of $12.02. The company has a market cap of $1.53 billion, a P/E ratio of 14.84 and a beta of 1.43. The company has a current ratio of 3.01, a quick ratio of 2.18 and a debt-to-equity ratio of 0.62. The company’s 50-day moving average price is $10.21 and its 200-day moving average price is $9.63.

WisdomTree (NYSE:WT) last issued its earnings results on Friday, July 26th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. WisdomTree had a return on equity of 19.22% and a net margin of 19.72%. The business had revenue of $107.03 million for the quarter, compared to analysts’ expectations of $103.75 million. On average, sell-side analysts forecast that WisdomTree, Inc. will post 0.62 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Wednesday, August 7th. WisdomTree’s dividend payout ratio (DPR) is presently 17.65%.

Analyst Ratings Changes

Several analysts have commented on the company. Craig Hallum raised their price objective on WisdomTree from $12.00 to $15.00 and gave the company a “buy” rating in a report on Monday, July 29th. Oppenheimer boosted their price target on shares of WisdomTree from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $12.00 price objective (up from $11.00) on shares of WisdomTree in a report on Monday, July 29th. Northcoast Research cut shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 15th. Finally, Northland Securities upped their price target on shares of WisdomTree from $12.00 to $13.50 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $11.96.

WisdomTree 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.