2 weeks Ago By Defense World Staff
Prudential Financial Inc. reduced its stake in WisdomTree, Inc. (NYSE:WT – Free Report) by 9.
1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 127,433 shares of the company’s stock after selling 12,700 shares during the quarter. Prudential Financial Inc.
owned 0.09% of WisdomTree worth $1,338,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors also recently made changes to their positions in WT.
FMR LLC raised its position in WisdomTree by 390.7% in the third quarter. FMR LLC now owns 2,859,073 shares of the company’s stock worth $28,562,000 after acquiring an additional 2,276,452 shares during the period.
Raymond James Financial Inc. bought a new stake in shares of WisdomTree in the 4th quarter worth approximately $4,262,000. State Street Corp lifted its stake in WisdomTree by 7.
6% in the third quarter. State Street Corp now owns 5,678,905 shares of the company’s stock valued at $56,732,000 after purchasing an additional 399,839 shares during the last quarter. Edgestream Partners L.
P. grew its holdings in WisdomTree by 498.8% during the fourth quarter.
Edgestream Partners L.P. now owns 468,117 shares of the company’s stock valued at $4,915,000 after purchasing an additional 389,945 shares during the period.
Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in WisdomTree during the fourth quarter valued at $2,932,000. 78.
64% of the stock is owned by hedge funds and other institutional investors. WisdomTree Stock Down 6.9 %Shares of NYSE WT opened at $7.
95 on Friday. The company has a quick ratio of 2.13, a current ratio of 2.
92 and a debt-to-equity ratio of 1.28. The company has a market cap of $1.
17 billion, a P/E ratio of 25.63 and a beta of 1.26.
WisdomTree, Inc. has a 52 week low of $7.79 and a 52 week high of $12.
45. The business has a 50-day simple moving average of $9.15 and a two-hundred day simple moving average of $10.
06. WisdomTree (NYSE:WT – Get Free Report) last released its quarterly earnings data on Friday, January 31st. The company reported $0.
17 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02).
WisdomTree had a net margin of 15.59% and a return on equity of 24.67%.
Research analysts anticipate that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.
WisdomTree Dividend AnnouncementThe company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.03 per share.
The ex-dividend date was Wednesday, February 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.
51%. WisdomTree’s dividend payout ratio (DPR) is currently 38.71%.
Insider Transactions at WisdomTreeIn related news, insider Alexis Marinof sold 90,980 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $9.87, for a total value of $897,972.
60. Following the transaction, the insider now directly owns 221,146 shares in the company, valued at approximately $2,182,711.02.
This represents a 29.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Insiders own 7.80% of the company’s stock. Wall Street Analysts Forecast GrowthA number of brokerages have recently commented on WT.
Keefe, Bruyette & Woods dropped their price target on WisdomTree from $12.00 to $10.50 and set a “market perform” rating on the stock in a research report on Tuesday, January 14th.
Northcoast Research downgraded shares of WisdomTree from a “buy” rating to a “neutral” rating in a report on Thursday, January 2nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.
com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $12.54.Get Our Latest Analysis on WisdomTreeWisdomTree Company Profile (Free Report)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.Featured ArticlesFive stocks we like better than WisdomTreeHigh Dividend REITs: Are They an Ideal Way to Diversify?Conagra Stock Could Thrive as Tariffs Hit Other SectorsHow Can Investors Benefit From After-Hours TradingGrocery Costs and Tariffs Now Top of Mind in Everyday Conversations, New Survey FindsHow to Invest in Insurance Companies: A Guide Spotify Stock Eyes Double-Digit Upside—Is Now the Time to Buy?.
