405,946 Shares in WisdomTree, Inc. (NYSE:WT) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in shares of WisdomTree, Inc. (NYSE:WT) during the 4th quarter, Holdings Channel.com reports. The firm acquired 405,946 shares of the company’s stock, valued at approximately $4,262,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. increased its stake in shares of WisdomTree by 26.9% during the third quarter. Principal Financial Group Inc. now owns 708,842 shares of the company’s stock valued at $7,081,000 after buying an additional 150,257 shares during the period. Dynamic Technology Lab Private Ltd increased its position in WisdomTree by 180.4% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 115,289 shares of the company’s stock valued at $1,152,000 after purchasing an additional 74,173 shares during the period. Truist Financial Corp raised its holdings in shares of WisdomTree by 142.9% in the 4th quarter. Truist Financial Corp now owns 73,579 shares of the company’s stock valued at $773,000 after purchasing an additional 43,293 shares in the last quarter. Crawford Fund Management LLC lifted its position in shares of WisdomTree by 34.0% in the 3rd quarter. Crawford Fund Management LLC now owns 499,874 shares of the company’s stock worth $4,994,000 after purchasing an additional 126,700 shares during the period. Finally, Quantbot Technologies LP boosted its stake in shares of WisdomTree by 586.0% during the third quarter. Quantbot Technologies LP now owns 250,017 shares of the company’s stock valued at $2,498,000 after purchasing an additional 213,571 shares in the last quarter. 78.64% of the stock is owned by institutional investors.

WisdomTree Stock Performance

Shares of WT opened at $9.18 on Thursday. WisdomTree, Inc. has a 12 month low of $7.96 and a 12 month high of $12.45. The stock has a fifty day moving average price of $9.29 and a 200-day moving average price of $10.10. 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 has a market cap of $1.35 billion, a PE ratio of 29.62 and a beta of 1.53.

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

WisdomTree Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.03 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.12 dividend on an annualized basis and a yield of 1.31%. WisdomTree’s payout ratio is 38.71%.

Insiders Place Their Bets

In other WisdomTree news, insider Alexis Marinof sold 90,980 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $9.87, for a total transaction of $897,972.60. Following the sale, the insider now owns 221,146 shares in the company, 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 can be accessed through the SEC website. Corporate insiders own 7.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on WT shares. Keefe, Bruyette & Woods reduced their price objective on shares of 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 cut WisdomTree from a “buy” rating to a “neutral” rating in a research note on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, WisdomTree has an average rating of “Moderate Buy” and an average price target 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.