Acadian Asset Management LLC Invests $4.26 Million in WisdomTree, Inc. (NYSE:WT)

Acadian Asset Management LLC bought a new position in WisdomTree, Inc. (NYSE:WT) during the 2nd quarter, Holdings Channel reports. The firm bought 429,987 shares of the company’s stock, valued at approximately $4,258,000.

Other large investors have also bought and sold shares of the company. Azora Capital LP raised its position in 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. Dimensional Fund Advisors LP boosted its position in shares of WisdomTree by 7.9% in 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 stake in shares of WisdomTree by 3.8% during the fourth 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 period. Bank of New York Mellon Corp grew its stake in shares of WisdomTree by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 3,042,815 shares of the company’s stock worth $30,154,000 after purchasing an additional 25,759 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in WisdomTree by 7.5% in the first quarter. Janus Henderson Group PLC now owns 2,788,746 shares of the company’s stock valued at $25,629,000 after purchasing an additional 194,369 shares during the last quarter. 78.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WT has been the topic of a number of recent analyst reports. Northland Securities raised their target price on WisdomTree from $12.00 to $13.50 and gave the stock an “outperform” rating in a report on Monday, July 29th. Oppenheimer lifted their price objective on shares of WisdomTree from $12.00 to $13.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Craig Hallum upped their target price on shares of WisdomTree from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $12.00 price target (up from $11.00) on shares of WisdomTree in a research report on Monday, July 29th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, WisdomTree currently has an average rating of “Moderate Buy” and an average price target of $11.96.

WisdomTree Price Performance

Shares of WT opened at $9.40 on Friday. The stock has a 50 day simple moving average of $10.23 and a 200 day simple moving average of $9.56. WisdomTree, Inc. has a 52-week low of $6.06 and a 52-week high of $12.02. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.18 and a current ratio of 3.01. The firm has a market capitalization of $1.43 billion, a PE ratio of 13.82 and a beta of 1.44.

WisdomTree (NYSE:WT) last released its quarterly earnings results on Friday, July 26th. The company reported $0.16 earnings per share 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 company had revenue of $107.03 million during the quarter, compared to analysts’ expectations of $103.75 million. Sell-side analysts predict that WisdomTree, Inc. will post 0.62 EPS for the current fiscal year.

WisdomTree Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Wednesday, August 7th. 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.