Jupiter Asset Management Ltd. Takes $507,000 Position in WisdomTree, Inc. (NYSE:WT)

Jupiter Asset Management Ltd. acquired a new stake in WisdomTree, Inc. (NYSE:WT) during the first quarter, Holdings Channel.com reports. The firm acquired 55,202 shares of the company’s stock, valued at approximately $507,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. acquired a new stake in shares of WisdomTree in the 3rd quarter valued at $103,908,000. Azora Capital LP grew its position in WisdomTree by 3.6% during 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. Dimensional Fund Advisors LP grew its position in WisdomTree by 7.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,998,260 shares of the company’s stock worth $27,710,000 after purchasing an additional 294,060 shares during the last quarter. Wellington Management Group LLP grew its position in WisdomTree by 3.8% during the 4th quarter. Wellington Management Group LLP now owns 3,897,242 shares of the company’s stock worth $27,008,000 after purchasing an additional 141,354 shares during the last quarter. Finally, Capital Management Corp VA acquired a new stake in shares of WisdomTree in the 4th quarter worth $8,342,000. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Northland Securities upgraded shares of WisdomTree from a “market perform” rating to an “outperform” rating and set a $12.00 target price for the company in a research note on Wednesday, April 3rd. Morgan Stanley raised their target price on shares of WisdomTree from $7.75 to $9.25 and gave the stock an “equal weight” rating in a research note on Wednesday, April 17th. Keefe, Bruyette & Woods raised their price objective on shares of WisdomTree from $10.00 to $11.00 and gave the company a “market perform” rating in a research note on Friday, July 12th. UBS Group raised their price objective on shares of WisdomTree from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $11.00 price objective on shares of WisdomTree in a research note on Monday, April 29th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $10.89.

WisdomTree Price Performance

WT traded down $0.08 during midday trading on Friday, reaching $10.72. 845,333 shares of the company’s stock were exchanged, compared to its average volume of 1,043,105. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.95 and a quick ratio of 2.18. The stock has a market capitalization of $1.63 billion, a PE ratio of 15.76 and a beta of 1.48. The business’s 50-day moving average price is $9.87 and its 200 day moving average price is $8.74. WisdomTree, Inc. has a 1-year low of $6.06 and a 1-year high of $10.99.

WisdomTree (NYSE:WT) last announced its earnings results on Friday, April 26th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The company had revenue of $96.84 million during the quarter, compared to analysts’ expectations of $94.32 million. WisdomTree had a net margin of 29.80% and a return on equity of 16.31%. The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.07 earnings per share. As a group, equities analysts anticipate that WisdomTree, Inc. will post 0.56 EPS for the current fiscal year.

WisdomTree Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.12%. WisdomTree’s dividend payout ratio (DPR) is presently 17.65%.

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.