Texas Permanent School Fund Corp Lowers Holdings in WisdomTree, Inc. (NYSE:WT)

Texas Permanent School Fund Corp lowered its holdings in WisdomTree, Inc. (NYSE:WT) by 8.9% during the second quarter, Holdings Channel.com reports. The firm owned 88,079 shares of the company’s stock after selling 8,559 shares during the period. Texas Permanent School Fund Corp’s holdings in WisdomTree were worth $873,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Acadian Asset Management LLC purchased a new stake in shares of WisdomTree in the 2nd quarter valued at approximately $4,258,000. Los Angeles Capital Management LLC purchased a new stake in WisdomTree in the second quarter valued at approximately $152,000. Wakefield Asset Management LLLP acquired a new position in WisdomTree during the second quarter worth $989,000. Foundry Partners LLC purchased a new position in shares of WisdomTree during the second quarter worth $118,000. Finally, Arizona State Retirement System grew its stake in shares of WisdomTree by 9.8% in the second quarter. Arizona State Retirement System now owns 34,009 shares of the company’s stock valued at $337,000 after buying an additional 3,022 shares in the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

Analyst Upgrades and Downgrades

WT has been the subject of a number of research analyst reports. Northland Securities raised their target price on WisdomTree from $12.00 to $13.50 and gave the company 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 company an “outperform” rating in a report 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 report on Monday, July 29th. Craig Hallum raised their price target on shares of WisdomTree from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Finally, Northcoast Research lowered WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 15th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, WisdomTree has a consensus rating of “Moderate Buy” and a consensus target price of $11.96.

WisdomTree Price Performance

Shares of WT opened at $10.09 on Friday. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 14.84 and a beta of 1.43. The firm’s fifty day simple moving average is $10.21 and its 200-day simple moving average is $9.63. WisdomTree, Inc. has a twelve month low of $6.06 and a twelve month high of $12.02. 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 (NYSE:WT) last posted its quarterly earnings results on Friday, July 26th. The company reported $0.16 earnings per share 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 analysts’ expectations of $103.75 million. WisdomTree had a return on equity of 19.22% and a net margin of 19.72%. Equities analysts forecast that WisdomTree, Inc. will post 0.62 EPS 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 dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.19%. The ex-dividend date was Wednesday, August 7th. WisdomTree’s payout ratio is 17.65%.

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.