WisdomTree, Inc. (NYSE:WT) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its holdings in shares of WisdomTree, Inc. (NYSE:WT) by 0.4% during the second quarter, Holdings Channel.com reports. The fund owned 4,131,925 shares of the company’s stock after selling 15,934 shares during the period. Dimensional Fund Advisors LP’s holdings in WisdomTree were worth $40,948,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of WT. Texas Permanent School Fund Corp boosted its holdings in WisdomTree by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 96,638 shares of the company’s stock worth $888,000 after buying an additional 1,247 shares during the last quarter. CWM LLC boosted its holdings in WisdomTree by 85.8% in the 2nd quarter. CWM LLC now owns 2,746 shares of the company’s stock worth $27,000 after buying an additional 1,268 shares during the last quarter. Kennedy Capital Management LLC lifted its stake in WisdomTree by 3.7% in the 1st quarter. Kennedy Capital Management LLC now owns 38,857 shares of the company’s stock worth $357,000 after purchasing an additional 1,383 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in WisdomTree by 2.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 56,200 shares of the company’s stock worth $557,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in WisdomTree by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 579,193 shares of the company’s stock worth $5,323,000 after purchasing an additional 1,542 shares in the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Craig Hallum raised their target price on shares of WisdomTree from $12.00 to $15.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $12.00 price target (up previously from $11.00) on shares of WisdomTree in a research report on Monday, July 29th. Northland Securities lifted their price target on shares of WisdomTree from $12.00 to $13.50 and gave the company an “outperform” rating in a research report on Monday, July 29th. Oppenheimer lifted their price target on shares of WisdomTree from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Finally, Northcoast Research lowered shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 15th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $11.96.

WisdomTree Stock Performance

Shares of WT stock opened at $9.99 on Tuesday. The company has a current ratio of 3.01, a quick ratio of 2.18 and a debt-to-equity ratio of 0.62. The firm has a fifty day moving average price of $10.13 and a 200 day moving average price of $9.73. The company has a market cap of $1.52 billion, a P/E ratio of 14.68 and a beta of 1.43. WisdomTree, Inc. has a 12 month low of $6.06 and a 12 month high of $12.02.

WisdomTree (NYSE:WT) last released its quarterly earnings data on Friday, July 26th. The company reported $0.16 earnings per share (EPS) 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 the consensus estimate of $103.75 million. Sell-side analysts predict 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. Stockholders of record on Wednesday, August 7th were issued a $0.03 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.20%. 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.