Zurcher Kantonalbank Zurich Cantonalbank Buys New Stake in WisdomTree, Inc. (NYSE:WT)

Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of WisdomTree, Inc. (NYSE:WT) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 30,451 shares of the company’s stock, valued at approximately $211,000.

Several other institutional investors and hedge funds also recently bought and sold shares of WT. Quantbot Technologies LP purchased a new position in WisdomTree during the third quarter worth $26,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of WisdomTree during the fourth quarter valued at $46,000. KBC Group NV purchased a new stake in shares of WisdomTree during the third quarter valued at $62,000. PNC Financial Services Group Inc. purchased a new stake in shares of WisdomTree during the third quarter valued at $69,000. Finally, Miracle Mile Advisors LLC purchased a new stake in shares of WisdomTree during the fourth quarter valued at $69,000. 78.64% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Jonathan L. Steinberg acquired 303,781 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were purchased at an average price of $7.20 per share, for a total transaction of $2,187,223.20. Following the completion of the acquisition, the chief executive officer now directly owns 9,172,838 shares in the company, valued at approximately $66,044,433.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. 7.80% of the stock is currently owned by corporate insiders.

WisdomTree Stock Performance

WT stock opened at $9.20 on Wednesday. The company has a market capitalization of $1.40 billion, a P/E ratio of 13.52 and a beta of 1.48. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.95 and a quick ratio of 2.18. The business has a 50-day moving average price of $8.85 and a 200 day moving average price of $7.53. WisdomTree, Inc. has a 1-year low of $6.06 and a 1-year high of $9.73.

WisdomTree (NYSE:WT) last announced its earnings results on Friday, April 26th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $96.84 million during the quarter, compared to the consensus estimate of $94.32 million. WisdomTree had a net margin of 29.80% and a return on equity of 16.31%. The firm’s revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 earnings per share. As a group, equities research analysts forecast that WisdomTree, Inc. will post 0.56 EPS for the current fiscal year.

WisdomTree Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.12 dividend on an annualized basis and a yield of 1.31%. WisdomTree’s dividend payout ratio is presently 17.65%.

Wall Street Analyst Weigh In

WT has been the subject of a number of recent analyst reports. UBS Group boosted their target price on shares of WisdomTree from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Oppenheimer reissued an “outperform” rating and set a $11.00 target price on shares of WisdomTree in a research note on Monday, April 29th. Craig Hallum began coverage on shares of WisdomTree in a research note on Wednesday, March 6th. They set a “buy” rating and a $12.00 target price for the company. Morgan Stanley lifted their price objective on WisdomTree from $7.75 to $9.25 and gave the company an “equal weight” rating in a report on Wednesday, April 17th. Finally, Northland Securities upgraded WisdomTree from a “market perform” rating to an “outperform” rating and set a $12.00 price objective for the company in a report on Wednesday, April 3rd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $10.88.

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.