American Century Companies Inc. Has $27.36 Million Stake in WisdomTree, Inc. $WT

American Century Companies Inc. increased its stake in shares of WisdomTree, Inc. (NYSE:WT) by 123.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,968,507 shares of the company’s stock after purchasing an additional 1,087,460 shares during the quarter. American Century Companies Inc.’s holdings in WisdomTree were worth $27,362,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of WT. Simcoe Capital Management LLC raised its position in WisdomTree by 23.5% in the 2nd quarter. Simcoe Capital Management LLC now owns 4,924,550 shares of the company’s stock worth $56,682,000 after purchasing an additional 935,505 shares during the last quarter. Bank of New York Mellon Corp boosted its position in WisdomTree by 8.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,425,822 shares of the company’s stock valued at $16,411,000 after buying an additional 107,076 shares during the last quarter. Prudential Financial Inc. boosted its position in WisdomTree by 1,119.9% in the 2nd quarter. Prudential Financial Inc. now owns 1,423,293 shares of the company’s stock valued at $16,382,000 after buying an additional 1,306,620 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of WisdomTree in the 2nd quarter valued at $15,649,000. Finally, Balyasny Asset Management L.P. increased its stake in shares of WisdomTree by 1,432.7% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,202,765 shares of the company’s stock valued at $13,844,000 after buying an additional 1,124,293 shares during the period. Institutional investors and hedge funds own 78.64% of the company’s stock.

Insider Activity

In other news, COO R Jarrett Lilien sold 30,000 shares of the company’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $16.84, for a total value of $505,200.00. Following the completion of the sale, the chief operating officer directly owned 1,140,245 shares of the company’s stock, valued at $19,201,725.80. This represents a 2.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 9.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WT. Wall Street Zen raised WisdomTree from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Zacks Research upgraded WisdomTree from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. Oppenheimer boosted their price objective on WisdomTree from $17.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. The Goldman Sachs Group upped their target price on shares of WisdomTree from $14.00 to $15.50 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of WisdomTree in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.65.

WisdomTree Stock Performance

WT stock opened at $16.66 on Monday. WisdomTree, Inc. has a twelve month low of $7.47 and a twelve month high of $17.68. The company has a quick ratio of 1.37, a current ratio of 1.75 and a debt-to-equity ratio of 1.94. The company has a market cap of $2.36 billion, a P/E ratio of 22.21 and a beta of 1.09. The business’s fifty day moving average is $15.48 and its 200-day moving average is $13.62.

WisdomTree (NYSE:WT) last announced its quarterly earnings data on Friday, January 30th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.06. The business had revenue of $147.43 million during the quarter, compared to analysts’ expectations of $142.78 million. WisdomTree had a return on equity of 30.24% and a net margin of 22.10%.The firm’s quarterly revenue was up 33.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.17 earnings per share. Equities research analysts forecast that WisdomTree, Inc. will post 0.72 EPS for the current year.

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th were issued a dividend of $0.03 per share. The ex-dividend date was Wednesday, February 11th. This represents a $0.12 dividend on an annualized basis and a yield of 0.7%. WisdomTree’s dividend payout ratio (DPR) is 16.00%.

WisdomTree Profile

WisdomTree Investments, Inc (NYSE: WT) is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.