Everence Capital Management Inc. Takes $148,000 Position in WisdomTree, Inc. (NYSE:WT)

Everence Capital Management Inc. purchased a new stake in WisdomTree, Inc. (NYSE:WT) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 21,350 shares of the company’s stock, valued at approximately $148,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. bought a new stake in WisdomTree during the 3rd quarter worth $103,908,000. Massachusetts Financial Services Co. MA bought a new stake in WisdomTree during the 3rd quarter worth $34,737,000. Wellington Management Group LLP bought a new stake in WisdomTree during the 3rd quarter worth $26,291,000. Toroso Investments LLC bought a new stake in WisdomTree during the 3rd quarter worth $11,022,000. Finally, Northern Trust Corp bought a new stake in WisdomTree during the 3rd quarter worth $10,407,000. Institutional investors own 78.64% of the company’s stock.

WisdomTree Stock Down 0.5 %

Shares of NYSE:WT opened at $8.73 on Friday. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 13.43 and a beta of 1.49. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.23 and a quick ratio of 1.66. The business’s 50-day moving average is $8.48 and its 200-day moving average is $7.35. WisdomTree, Inc. has a 1 year low of $6.05 and a 1 year high of $9.69.

WisdomTree (NYSE:WT) last posted its quarterly earnings results on Friday, February 2nd. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. WisdomTree had a return on equity of 15.15% and a net margin of 29.38%. The business had revenue of $90.84 million for the quarter, compared to the consensus estimate of $90.32 million. During the same period in the prior year, the business earned $0.04 EPS. The firm’s revenue for the quarter was up 23.9% on a year-over-year basis. Equities research analysts predict that WisdomTree, Inc. will post 0.52 earnings per share for the current year.

WisdomTree Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Tuesday, February 13th. WisdomTree’s dividend payout ratio (DPR) is currently 18.46%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on WT shares. Oppenheimer boosted their price objective on WisdomTree from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. UBS Group lifted their target price on WisdomTree from $9.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Northland Securities raised WisdomTree from a “market perform” rating to an “outperform” rating and set a $12.00 target price on the stock in a report on Wednesday, April 3rd. Morgan Stanley lifted their target price on WisdomTree from $7.75 to $9.25 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, Northcoast Research raised WisdomTree from a “neutral” rating to a “buy” rating and set a $9.00 target price on the stock in a report on Thursday, December 28th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $11.04.

Insider Buying and Selling

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

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.