Tobam Acquires 14,473 Shares of WisdomTree, Inc. (NYSE:WT)

Tobam grew its holdings in WisdomTree, Inc. (NYSE:WT) by 61.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 38,178 shares of the company’s stock after buying an additional 14,473 shares during the quarter. Tobam’s holdings in WisdomTree were worth $401,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Victory Capital Management Inc. increased its position in WisdomTree by 21.3% during the 3rd quarter. Victory Capital Management Inc. now owns 2,332,762 shares of the company’s stock valued at $23,304,000 after purchasing an additional 410,348 shares during the period. Principal Financial Group Inc. boosted its stake in shares of WisdomTree by 26.9% during the 3rd quarter. Principal Financial Group Inc. now owns 708,842 shares of the company’s stock valued at $7,081,000 after purchasing an additional 150,257 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its position in shares of WisdomTree by 180.4% during the third quarter. Dynamic Technology Lab Private Ltd now owns 115,289 shares of the company’s stock valued at $1,152,000 after buying an additional 74,173 shares during the period. Crawford Fund Management LLC raised its stake in WisdomTree by 34.0% in the third quarter. Crawford Fund Management LLC now owns 499,874 shares of the company’s stock worth $4,994,000 after buying an additional 126,700 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in WisdomTree by 6.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,191,137 shares of the company’s stock worth $11,899,000 after buying an additional 72,376 shares during the period. 78.64% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Peter M. Ziemba sold 100,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $11.43, for a total transaction of $1,143,000.00. Following the sale, the insider now directly owns 948,386 shares of the company’s stock, valued at $10,840,051.98. This trade represents a 9.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Alexis Marinof sold 90,980 shares of WisdomTree stock in a transaction that occurred on Tuesday, February 4th. The stock was 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 owns 221,146 shares of the company’s stock, valued at $2,182,711.02. This represents a 29.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,190,980 shares of company stock worth $36,060,973 over the last 90 days. 7.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

WT has been the subject of several research reports. Northcoast Research lowered WisdomTree from a “buy” rating to a “neutral” rating in a research report on Thursday, January 2nd. Keefe, Bruyette & Woods decreased their price objective on WisdomTree from $12.00 to $10.50 and set a “market perform” rating for the company in a report on Tuesday, January 14th. Finally, UBS Group boosted their target price on shares of WisdomTree from $12.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, WisdomTree presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.54.

WisdomTree Stock Down 1.1 %

Shares of NYSE:WT opened at $9.62 on Friday. 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 stock has a fifty day simple moving average of $10.37 and a two-hundred day simple moving average of $10.39. WisdomTree, Inc. has a 12-month low of $6.78 and a 12-month high of $12.45. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 31.02 and a beta of 1.47.

WisdomTree (NYSE:WT) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.02). WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. On average, research analysts anticipate that WisdomTree, Inc. will post 0.7 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be paid a $0.03 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $0.12 annualized dividend and a dividend yield of 1.25%. 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.