WisdomTree, Inc. (NYSE:WT) Shares Purchased by Arizona State Retirement System

Arizona State Retirement System increased its holdings in shares of WisdomTree, Inc. (NYSE:WT) by 9.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,009 shares of the company’s stock after purchasing an additional 3,022 shares during the quarter. Arizona State Retirement System’s holdings in WisdomTree were worth $337,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Victory Capital Management Inc. boosted its holdings in WisdomTree by 15.2% in the 4th quarter. Victory Capital Management Inc. now owns 22,203 shares of the company’s stock worth $154,000 after acquiring an additional 2,927 shares during the period. Teacher Retirement System of Texas purchased a new position in WisdomTree in the 4th quarter worth approximately $94,000. Dimensional Fund Advisors LP boosted its holdings in 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 acquiring an additional 294,060 shares during the period. Principal Financial Group Inc. purchased a new position in WisdomTree in the 4th quarter worth approximately $4,003,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in WisdomTree in the 4th quarter worth approximately $140,000. Institutional investors and hedge funds own 78.64% of the company’s stock.

WisdomTree Price Performance

Shares of WT opened at $9.86 on Wednesday. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 14.50 and a beta of 1.43. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.18 and a current ratio of 3.01. WisdomTree, Inc. has a one year low of $6.06 and a one year high of $12.02. The stock’s fifty day moving average is $10.22 and its 200-day moving average is $9.61.

WisdomTree (NYSE:WT) last issued its quarterly earnings results on Friday, July 26th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $107.03 million for the quarter, compared to analyst estimates of $103.75 million. WisdomTree had a return on equity of 19.22% and a net margin of 19.72%. Equities analysts anticipate that WisdomTree, Inc. will post 0.62 EPS for the current year.

WisdomTree Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Investors 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 1.22%. The ex-dividend date of this dividend was Wednesday, August 7th. WisdomTree’s payout ratio is currently 17.65%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on WT. Oppenheimer increased their target price on WisdomTree from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $12.00 target price (up from $11.00) on shares of WisdomTree in a research note on Monday, July 29th. Craig Hallum increased their target price on WisdomTree from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Finally, Northland Securities increased their target price on WisdomTree from $12.00 to $13.50 and gave the company an “outperform” rating in a research note on Monday, July 29th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $11.96.

About WisdomTree

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.