AssuredPartners Investment Advisors LLC Invests $214,000 in WisdomTree, Inc. (NYSE:WT)

AssuredPartners Investment Advisors LLC acquired a new stake in WisdomTree, Inc. (NYSE:WT) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 20,334 shares of the company’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds have also bought and sold shares of WT. Azora Capital LP raised its position in shares of WisdomTree by 12.1% in the third quarter. Azora Capital LP now owns 10,609,577 shares of the company’s stock valued at $105,990,000 after purchasing an additional 1,142,151 shares during the period. State Street Corp raised its holdings in WisdomTree by 7.6% during the 3rd quarter. State Street Corp now owns 5,678,905 shares of the company’s stock valued at $56,732,000 after acquiring an additional 399,839 shares during the period. Geode Capital Management LLC lifted its position in shares of WisdomTree by 3.3% during the third quarter. Geode Capital Management LLC now owns 2,914,051 shares of the company’s stock worth $29,117,000 after acquiring an additional 93,140 shares in the last quarter. FMR LLC boosted its holdings in shares of WisdomTree by 390.7% in the third quarter. FMR LLC now owns 2,859,073 shares of the company’s stock worth $28,562,000 after acquiring an additional 2,276,452 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of WisdomTree by 10.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,310,899 shares of the company’s stock valued at $13,764,000 after purchasing an additional 119,762 shares in the last quarter. 78.64% of the stock is owned by institutional investors.

WisdomTree Stock Down 2.2 %

WT stock opened at $8.97 on Friday. The company’s 50 day moving average is $9.26 and its 200 day moving average is $10.09. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 28.92 and a beta of 1.53. The company has a current ratio of 2.92, a quick ratio of 2.13 and a debt-to-equity ratio of 1.28. WisdomTree, Inc. has a 1-year low of $7.96 and a 1-year high of $12.45.

WisdomTree (NYSE:WT) last posted its quarterly earnings data on Friday, January 31st. The company reported $0.17 earnings per share 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%. Sell-side analysts predict that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date was Wednesday, February 12th. WisdomTree’s payout ratio is currently 38.71%.

Analyst Upgrades and Downgrades

WT has been the subject of several analyst reports. Keefe, Bruyette & Woods cut their target price on WisdomTree from $12.00 to $10.50 and set a “market perform” rating for the company in a research note on Tuesday, January 14th. Northcoast Research lowered shares of WisdomTree from a “buy” rating to a “neutral” rating in a research report on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.54.

Insider Transactions at WisdomTree

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

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.