Illinois Municipal Retirement Fund Purchases 2,733 Shares of WisdomTree, Inc. (NYSE:WT)

Illinois Municipal Retirement Fund grew its holdings in WisdomTree, Inc. (NYSE:WT) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 65,395 shares of the company’s stock after purchasing an additional 2,733 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in WisdomTree were worth $687,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Louisiana State Employees Retirement System boosted its position in shares of WisdomTree by 2.3% in the 3rd quarter. Louisiana State Employees Retirement System now owns 57,500 shares of the company’s stock worth $574,000 after purchasing an additional 1,300 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in WisdomTree by 3.6% in the third quarter. State of Alaska Department of Revenue now owns 67,924 shares of the company’s stock valued at $678,000 after buying an additional 2,379 shares during the period. Amalgamated Bank boosted its holdings in WisdomTree by 2.8% during the third quarter. Amalgamated Bank now owns 36,023 shares of the company’s stock worth $360,000 after buying an additional 986 shares during the last quarter. Principal Financial Group Inc. grew its position 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 worth $7,081,000 after buying an additional 150,257 shares during the period. Finally, Kornitzer Capital Management Inc. KS increased its stake in shares of WisdomTree by 58.2% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 917,830 shares of the company’s stock valued at $9,169,000 after acquiring an additional 337,800 shares during the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

WisdomTree Stock Down 0.7 %

WisdomTree stock opened at $9.06 on Tuesday. WisdomTree, Inc. has a twelve month low of $7.94 and a twelve month high of $12.45. The company has a quick ratio of 2.13, a current ratio of 2.92 and a debt-to-equity ratio of 1.28. The company has a 50 day moving average of $9.75 and a 200-day moving average of $10.25. The stock has a market capitalization of $1.33 billion, a PE ratio of 29.23 and a beta of 1.47.

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

WisdomTree Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.32%. The ex-dividend date was Wednesday, February 12th. WisdomTree’s payout ratio is 38.71%.

Insiders Place Their Bets

In other news, insider Alexis Marinof sold 90,980 shares of the business’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 sale, the insider now owns 221,146 shares of the company’s stock, valued at $2,182,711.02. The trade was a 29.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 7.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WT. Northcoast Research cut shares of WisdomTree from a “buy” rating to a “neutral” rating in a report on Thursday, January 2nd. Keefe, Bruyette & Woods decreased their price target 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $12.54.

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.