Balyasny Asset Management L.P. Has $4.39 Million Holdings in WisdomTree, Inc. (NYSE:WT)

Balyasny Asset Management L.P. boosted its holdings in WisdomTree, Inc. (NYSE:WT) by 2.7% in the fourth quarter, HoldingsChannel reports. The firm owned 418,424 shares of the company’s stock after purchasing an additional 11,001 shares during the period. Balyasny Asset Management L.P.’s holdings in WisdomTree were worth $4,393,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Bayesian Capital Management LP bought a new position in shares of WisdomTree in the 4th quarter worth $171,000. Bank of America Corp DE lifted its stake in shares of WisdomTree by 93.8% in the fourth quarter. Bank of America Corp DE now owns 313,859 shares of the company’s stock valued at $3,296,000 after buying an additional 151,926 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in shares of WisdomTree by 39.4% during the fourth quarter. Benjamin Edwards Inc. now owns 42,881 shares of the company’s stock valued at $450,000 after buying an additional 12,126 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of WisdomTree by 358.8% during the fourth quarter. BNP Paribas Financial Markets now owns 714,010 shares of the company’s stock worth $7,497,000 after acquiring an additional 558,392 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of WisdomTree by 10.9% in the 4th quarter. Ameriprise Financial Inc. now owns 353,250 shares of the company’s stock worth $3,709,000 after acquiring an additional 34,670 shares during the last quarter. Institutional investors own 78.64% of the company’s stock.

WisdomTree Stock Performance

WT stock opened at $9.43 on Friday. The business has a 50 day moving average of $8.62 and a 200-day moving average of $9.77. The firm has a market cap of $1.39 billion, a PE ratio of 30.42 and a beta of 1.07. WisdomTree, Inc. has a 12-month low of $7.47 and a 12-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.

WisdomTree (NYSE:WT) last released its earnings results on Friday, May 2nd. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. The company had revenue of $108.08 million for the quarter, compared to analysts’ expectations of $108.47 million. WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.12 EPS. As a group, sell-side analysts expect that WisdomTree, Inc. will post 0.72 earnings per share for the current year.

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Wednesday, May 14th. WisdomTree’s dividend payout ratio is currently 34.29%.

Analyst Ratings Changes

A number of brokerages have commented on WT. Keefe, Bruyette & Woods decreased their price objective on WisdomTree from $12.00 to $10.50 and set a “market perform” rating for the company in a report on Tuesday, January 14th. The Goldman Sachs Group decreased their price target on WisdomTree from $9.75 to $8.50 and set a “sell” rating for the company in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $12.42.

WisdomTree Company 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.