American Century Companies Inc. Boosts Stake in WisdomTree, Inc. (NYSE:WT)

American Century Companies Inc. boosted its stake in WisdomTree, Inc. (NYSE:WT) by 24.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 231,482 shares of the company’s stock after buying an additional 46,090 shares during the quarter. American Century Companies Inc.’s holdings in WisdomTree were worth $2,294,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Azora Capital LP raised its holdings in WisdomTree by 3.6% in the 4th quarter. Azora Capital LP now owns 7,793,321 shares of the company’s stock valued at $54,008,000 after acquiring an additional 268,277 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of 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 buying an additional 294,060 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of 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 buying an additional 141,354 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of WisdomTree by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,042,815 shares of the company’s stock worth $30,154,000 after buying an additional 25,759 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of WisdomTree by 7.5% during the 1st quarter. Janus Henderson Group PLC now owns 2,788,746 shares of the company’s stock worth $25,629,000 after buying an additional 194,369 shares during the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

WisdomTree Stock Up 0.6 %

WisdomTree stock opened at $10.08 on Friday. The company has a market capitalization of $1.53 billion, a P/E ratio of 14.82 and a beta of 1.43. The firm’s fifty day simple moving average is $10.15 and its 200-day simple moving average is $9.71. The company has a current ratio of 3.01, a quick ratio of 2.18 and a debt-to-equity ratio of 0.62. WisdomTree, Inc. has a 1-year low of $6.06 and a 1-year high of $12.02.

WisdomTree (NYSE:WT) last released its earnings results on Friday, July 26th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $107.03 million during the quarter, compared to analyst estimates of $103.75 million. WisdomTree had a net margin of 19.72% and a return on equity of 19.22%. Sell-side analysts forecast that WisdomTree, Inc. will post 0.62 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

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

Analyst Upgrades and Downgrades

WT has been the subject of several recent research reports. Oppenheimer increased their price target on WisdomTree from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Northcoast Research downgraded WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 15th. Northland Securities increased their price target on 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 report on Monday, July 29th. Finally, Craig Hallum increased their price target on WisdomTree from $12.00 to $15.00 and gave the company a “buy” rating in a report on Monday, July 29th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, WisdomTree currently has an average rating of “Moderate Buy” and an average price target 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.