Comerica Bank Has $424,000 Stake in WisdomTree, Inc. (NYSE:WT)

Comerica Bank decreased its holdings in shares of WisdomTree, Inc. (NYSE:WT) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,372 shares of the company’s stock after selling 1,652 shares during the quarter. Comerica Bank’s holdings in WisdomTree were worth $424,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Quarry LP increased its stake in shares of WisdomTree by 1,778.5% during the 4th quarter. Quarry LP now owns 2,799 shares of the company’s stock worth $29,000 after purchasing an additional 2,650 shares during the last quarter. Smartleaf Asset Management LLC increased its stake 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 purchasing an additional 2,405 shares during the last quarter. Federated Hermes Inc. increased its stake in shares of WisdomTree by 60.7% during the 4th quarter. Federated Hermes Inc. now owns 4,705 shares of the company’s stock worth $49,000 after purchasing an additional 1,777 shares during the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of WisdomTree during the 4th quarter worth about $60,000. Finally, KBC Group NV increased its stake 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 purchasing an additional 2,540 shares during the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

WisdomTree Trading Up 1.3%

Shares of WisdomTree stock opened at $9.55 on Friday. The firm has a market capitalization of $1.40 billion, a PE ratio of 30.81 and a beta of 1.07. The company has a current ratio of 2.92, a quick ratio of 2.13 and a debt-to-equity ratio of 1.28. The firm’s 50 day moving average is $8.69 and its 200 day moving average is $9.75. WisdomTree, Inc. has a 1 year low of $7.47 and a 1 year high of $12.45.

WisdomTree (NYSE:WT) last announced its quarterly earnings results on Friday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The company had revenue of $108.08 million for the quarter, compared to analyst estimates of $108.47 million. WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. The firm’s revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 EPS. Equities research analysts forecast that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Wednesday, May 14th. WisdomTree’s payout ratio is 34.29%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut their target price on shares of WisdomTree from $9.75 to $8.50 and set a “sell” rating for the company in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $12.42.

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.