WisdomTree, Inc. (NYSE:WT) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in shares of WisdomTree, Inc. (NYSE:WT) by 10.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,310,899 shares of the company’s stock after acquiring an additional 119,762 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in WisdomTree were worth $13,764,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC increased its holdings in shares of WisdomTree by 173.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company’s stock worth $39,000 after buying an additional 2,405 shares during the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of WisdomTree during the 4th quarter worth approximately $60,000. KBC Group NV increased its holdings in shares of WisdomTree by 48.4% during the 4th quarter. KBC Group NV now owns 7,792 shares of the company’s stock worth $82,000 after buying an additional 2,540 shares during the last quarter. Cooper Financial Group acquired a new stake in shares of WisdomTree during the 4th quarter worth approximately $111,000. Finally, Principal Securities Inc. increased its holdings in shares of WisdomTree by 146.1% during the 4th quarter. Principal Securities Inc. now owns 12,858 shares of the company’s stock worth $135,000 after buying an additional 7,633 shares during the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on WT shares. Northcoast Research downgraded shares of WisdomTree from a “buy” rating to a “neutral” rating in a report on Thursday, January 2nd. Keefe, Bruyette & Woods dropped their target price on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating for the company in a report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.54.

Insider Buying and Selling at WisdomTree

In other news, insider Alexis Marinof sold 90,980 shares of WisdomTree stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $9.87, for a total transaction of $897,972.60. Following the completion of the sale, the insider now directly owns 221,146 shares of the company’s stock, valued at approximately $2,182,711.02. The trade was a 29.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 7.80% of the stock is currently owned by corporate insiders.

WisdomTree Stock Performance

Shares of WT stock opened at $8.68 on Friday. The company has a quick ratio of 2.13, a current ratio of 2.92 and a debt-to-equity ratio of 1.28. WisdomTree, Inc. has a 52 week low of $7.96 and a 52 week high of $12.45. The stock has a market capitalization of $1.28 billion, a PE ratio of 27.98 and a beta of 1.53. The firm has a 50 day moving average of $9.30 and a two-hundred day moving average of $10.10.

WisdomTree (NYSE:WT) last issued its quarterly earnings results on Friday, January 31st. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.02). WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. On average, research analysts predict that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.12 annualized dividend and a yield of 1.38%. WisdomTree’s dividend payout ratio is presently 38.71%.

WisdomTree 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.