Millennium Management LLC Sells 136,551 Shares of WisdomTree, Inc. (NYSE:WT)

Millennium Management LLC reduced its holdings in WisdomTree, Inc. (NYSE:WT) by 13.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 917,209 shares of the company’s stock after selling 136,551 shares during the period. Millennium Management LLC owned approximately 0.60% of WisdomTree worth $9,090,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in WT. Texas Permanent School Fund Corp lifted its position in WisdomTree by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 96,638 shares of the company’s stock worth $888,000 after buying an additional 1,247 shares during the last quarter. CWM LLC lifted its holdings in shares of WisdomTree by 85.8% in the 2nd quarter. CWM LLC now owns 2,746 shares of the company’s stock worth $27,000 after acquiring an additional 1,268 shares during the last quarter. Kennedy Capital Management LLC boosted its stake in shares of WisdomTree by 3.7% during the 1st quarter. Kennedy Capital Management LLC now owns 38,857 shares of the company’s stock worth $357,000 after purchasing an additional 1,383 shares during the period. Louisiana State Employees Retirement System grew its holdings in WisdomTree by 2.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 56,200 shares of the company’s stock valued at $557,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in WisdomTree by 0.3% during the 1st quarter. Principal Financial Group Inc. now owns 579,193 shares of the company’s stock valued at $5,323,000 after purchasing an additional 1,542 shares during the last quarter. 78.64% of the stock is currently owned by institutional investors.

WisdomTree Stock Performance

WT stock opened at $9.86 on Wednesday. WisdomTree, Inc. has a 1-year low of $6.06 and a 1-year high of $12.02. The business has a 50-day moving average price of $9.96 and a 200 day moving average price of $9.77. The company has a market capitalization of $1.50 billion, a P/E ratio of 14.50 and a beta of 1.43. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.01 and a quick ratio of 2.18.

WisdomTree (NYSE:WT) last posted its quarterly earnings results on Friday, July 26th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. WisdomTree had a net margin of 19.72% and a return on equity of 19.22%. The business had revenue of $107.03 million during the quarter, compared to analyst estimates of $103.75 million. As a group, equities research analysts forecast that WisdomTree, Inc. will post 0.62 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th were given a dividend of $0.03 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.12 annualized dividend and a yield of 1.22%. WisdomTree’s dividend payout ratio (DPR) is presently 17.65%.

Analyst Ratings Changes

WT has been the subject of several recent analyst reports. Keefe, Bruyette & Woods restated a “market perform” rating and set a $12.00 target price (up previously from $11.00) on shares of WisdomTree in a research report on Monday, July 29th. Craig Hallum boosted 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 increased their target price on WisdomTree from $12.00 to $13.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Northland Securities boosted their target price on shares of WisdomTree from $12.00 to $13.50 and gave the company an “outperform” rating in a research note on Monday, July 29th. Finally, Northcoast Research cut shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 15th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $11.96.

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.