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

Illinois Municipal Retirement Fund grew its stake in shares of WisdomTree, Inc. (NYSE:WT) by 4.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 65,395 shares of the company’s stock after buying an additional 2,733 shares during the period. Illinois Municipal Retirement Fund’s holdings in WisdomTree were worth $687,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in WT. Stonebridge Financial Group LLC acquired a new stake in WisdomTree during the fourth quarter worth $60,000. KBC Group NV lifted its holdings in shares of WisdomTree by 48.4% during the 4th quarter. KBC Group NV now owns 7,792 shares of the company’s stock worth $82,000 after acquiring an additional 2,540 shares during the period. Cooper Financial Group acquired a new stake in shares of WisdomTree during the 4th quarter valued at about $111,000. Versor Investments LP acquired a new stake in shares of WisdomTree during the 3rd quarter valued at about $134,000. Finally, Principal Securities Inc. increased its stake in WisdomTree by 146.1% in the fourth quarter. Principal Securities Inc. now owns 12,858 shares of the company’s stock valued at $135,000 after acquiring an additional 7,633 shares during the period. Institutional investors own 78.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Keefe, Bruyette & Woods cut their price target 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 downgraded WisdomTree from a “buy” rating to a “neutral” rating in a research report on Thursday, January 2nd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $12.54.

WisdomTree Stock Performance

NYSE WT opened at $9.06 on Tuesday. WisdomTree, Inc. has a 1-year low of $7.94 and a 1-year high of $12.45. The company has a 50 day moving average of $9.75 and a 200-day moving average of $10.25. 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 $1.33 billion, a price-to-earnings ratio of 29.23 and a beta of 1.47.

WisdomTree (NYSE:WT) last released its quarterly 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 net margin of 15.59% and a return on equity of 24.67%. On average, equities analysts forecast that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

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

Insider Buying and Selling

In related news, insider Alexis Marinof sold 90,980 shares of the firm’s stock in a transaction that occurred 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 $2,182,711.02. This trade represents a 29.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 7.80% of the stock is owned by corporate insiders.

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.