Kennedy Capital Management LLC Boosts Holdings in WisdomTree, Inc. (NYSE:WT)

Kennedy Capital Management LLC raised its holdings in WisdomTree, Inc. (NYSE:WT) by 78.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 545,505 shares of the company’s stock after purchasing an additional 239,939 shares during the period. Kennedy Capital Management LLC owned 0.37% of WisdomTree worth $5,728,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of WT. State Street Corp raised its position in shares of WisdomTree by 7.6% during the 3rd quarter. State Street Corp now owns 5,678,905 shares of the company’s stock worth $56,732,000 after purchasing an additional 399,839 shares during the last quarter. Geode Capital Management LLC increased its position in WisdomTree by 3.3% during the third quarter. Geode Capital Management LLC now owns 2,914,051 shares of the company’s stock worth $29,117,000 after buying an additional 93,140 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of WisdomTree by 10.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,310,899 shares of the company’s stock worth $13,764,000 after acquiring an additional 119,762 shares during the last quarter. ExodusPoint Capital Management LP lifted its position in shares of WisdomTree by 127.2% in the fourth quarter. ExodusPoint Capital Management LP now owns 1,162,993 shares of the company’s stock valued at $12,211,000 after acquiring an additional 651,121 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of WisdomTree by 157.4% during the fourth quarter. JPMorgan Chase & Co. now owns 880,489 shares of the company’s stock valued at $9,245,000 after acquiring an additional 538,385 shares during the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Northcoast Research lowered shares of WisdomTree from a “buy” rating to a “neutral” rating in a report on Thursday, January 2nd. Keefe, Bruyette & Woods decreased their target price on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating on the stock in a research report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.54.

Insider Transactions at WisdomTree

In related news, insider Alexis Marinof sold 90,980 shares of WisdomTree stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $9.87, for a total transaction of $897,972.60. Following the transaction, the insider now owns 221,146 shares in the company, valued at approximately $2,182,711.02. The trade was a 29.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 7.80% of the company’s stock.

WisdomTree Price Performance

WisdomTree stock opened at $8.22 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.13 and a current ratio of 2.92. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 26.50 and a beta of 1.26. WisdomTree, Inc. has a 1 year low of $7.47 and a 1 year high of $12.45. The firm has a 50 day moving average price of $8.90 and a 200 day moving average price of $9.96.

WisdomTree (NYSE:WT) last issued its earnings results on Friday, January 31st. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. Sell-side analysts predict that WisdomTree, Inc. will post 0.72 earnings per share for the current year.

WisdomTree Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Wednesday, February 12th. WisdomTree’s payout ratio is currently 38.71%.

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.