Teacher Retirement System of Texas Acquires Shares of 13,635 WisdomTree, Inc. (NYSE:WT)

Teacher Retirement System of Texas acquired a new stake in WisdomTree, Inc. (NYSE:WTFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 13,635 shares of the company’s stock, valued at approximately $94,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. purchased a new position in shares of WisdomTree during the third quarter valued at approximately $103,908,000. Massachusetts Financial Services Co. MA purchased a new position in shares of WisdomTree during the third quarter valued at approximately $34,737,000. Wellington Management Group LLP purchased a new position in shares of WisdomTree during the third quarter valued at approximately $26,291,000. Toroso Investments LLC purchased a new position in shares of WisdomTree during the third quarter valued at approximately $11,022,000. Finally, Capital Management Corp VA purchased a new position in shares of WisdomTree during the fourth quarter valued at approximately $8,342,000. Institutional investors and hedge funds own 78.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WT. Oppenheimer reaffirmed an “outperform” rating and set a $11.00 target price on shares of WisdomTree in a research report on Monday, April 29th. UBS Group lifted their price target on WisdomTree from $9.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Craig Hallum assumed coverage on WisdomTree in a report on Wednesday, March 6th. They set a “buy” rating and a $12.00 price target on the stock. Morgan Stanley lifted their price target on WisdomTree from $7.75 to $9.25 and gave the stock 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 target on the stock in a report on Wednesday, April 3rd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $10.88.

Read Our Latest Stock Analysis on WT

WisdomTree Stock Performance

Shares of WT opened at $9.94 on Friday. The firm has a market cap of $1.51 billion, a PE ratio of 14.62 and a beta of 1.48. The stock’s fifty day moving average price is $9.22 and its two-hundred day moving average price is $7.89. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.95 and a quick ratio of 2.18. WisdomTree, Inc. has a 1 year low of $6.06 and a 1 year high of $10.00.

WisdomTree (NYSE:WTGet Free Report) last issued its earnings results on Friday, April 26th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. The firm had revenue of $96.84 million for the quarter, compared to analyst estimates of $94.32 million. WisdomTree had a return on equity of 16.31% and a net margin of 29.80%. The business’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. On average, equities research analysts forecast that WisdomTree, Inc. will post 0.56 EPS for the current year.

WisdomTree Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.12 dividend on an annualized basis and a yield of 1.21%. WisdomTree’s dividend payout ratio (DPR) is 17.65%.

WisdomTree 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.

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Institutional Ownership by Quarter for WisdomTree (NYSE:WT)

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