Benjamin Edwards Inc. Purchases New Holdings in WisdomTree, Inc. (NYSE:WT)

Benjamin Edwards Inc. acquired a new position in WisdomTree, Inc. (NYSE:WT) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,616 shares of the company’s stock, valued at approximately $115,000.

A number of other institutional investors and hedge funds have also made changes to their positions in WT. Azora Capital LP raised its position in shares of WisdomTree by 3.6% in the 4th quarter. Azora Capital LP now owns 7,793,321 shares of the company’s stock worth $54,008,000 after purchasing an additional 268,277 shares during the last quarter. Point72 Europe London LLP lifted its stake in shares of WisdomTree by 18.9% in the fourth quarter. Point72 Europe London LLP now owns 516,800 shares of the company’s stock worth $3,581,000 after buying an additional 82,300 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of WisdomTree by 7.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,998,260 shares of the company’s stock valued at $27,710,000 after buying an additional 294,060 shares during the last quarter. UniSuper Management Pty Ltd bought a new stake in shares of WisdomTree during the first quarter valued at approximately $423,000. Finally, ClariVest Asset Management LLC purchased a new position in WisdomTree in the 1st quarter worth approximately $3,840,000. Institutional investors own 78.64% of the company’s stock.

WisdomTree Stock Performance

WT opened at $10.09 on Friday. The company’s 50 day moving average is $10.21 and its 200 day moving average is $9.65. 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 has a market cap of $1.53 billion, a price-to-earnings ratio of 14.84 and a beta of 1.43. WisdomTree, Inc. has a 12-month low of $6.06 and a 12-month high of $12.02.

WisdomTree (NYSE:WT) last issued its quarterly 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. The business had revenue of $107.03 million for the quarter, compared to analysts’ expectations of $103.75 million. WisdomTree had a net margin of 19.72% and a return on equity of 19.22%. On average, equities research analysts predict that WisdomTree, Inc. will post 0.62 EPS for the current year.

WisdomTree Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have commented on WT. Craig Hallum increased their target price on WisdomTree from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Northcoast Research lowered WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 15th. Northland Securities raised their price target on shares of WisdomTree from $12.00 to $13.50 and gave the company an “outperform” rating in a report on Monday, July 29th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $12.00 price target (up from $11.00) on shares of WisdomTree in a research note on Monday, July 29th. Finally, Oppenheimer increased their price objective on shares of WisdomTree from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company 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.