Janus Henderson Group PLC Sells 105,234 Shares of WisdomTree, Inc. (NYSE:WT)

Janus Henderson Group PLC reduced its holdings in WisdomTree, Inc. (NYSE:WT) by 5.2% in the fourth quarter, HoldingsChannel reports. The firm owned 1,921,003 shares of the company’s stock after selling 105,234 shares during the period. Janus Henderson Group PLC’s holdings in WisdomTree were worth $20,171,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in WT. Quarry LP boosted its position in shares of WisdomTree by 1,778.5% during the fourth quarter. Quarry LP now owns 2,799 shares of the company’s stock valued at $29,000 after buying an additional 2,650 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of WisdomTree by 173.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company’s stock valued at $39,000 after buying an additional 2,405 shares during the last quarter. Federated Hermes Inc. boosted its position in shares of WisdomTree by 60.7% during the fourth quarter. Federated Hermes Inc. now owns 4,705 shares of the company’s stock valued at $49,000 after buying an additional 1,777 shares during the last quarter. Stonebridge Financial Group LLC purchased a new position in shares of WisdomTree during the fourth quarter valued at approximately $60,000. Finally, KBC Group NV boosted its position in shares of WisdomTree by 48.4% during the fourth quarter. KBC Group NV now owns 7,792 shares of the company’s stock valued at $82,000 after buying an additional 2,540 shares during the last quarter. 78.64% of the stock is currently owned by institutional investors.

WisdomTree Stock Up 1.3%

WT stock opened at $9.55 on Friday. The stock’s fifty day simple moving average is $8.69 and its two-hundred day simple moving average is $9.75. The company has a current ratio of 2.92, a quick ratio of 2.13 and a debt-to-equity ratio of 1.28. WisdomTree, Inc. has a 1-year low of $7.47 and a 1-year high of $12.45. The stock has a market cap of $1.40 billion, a P/E ratio of 30.81 and a beta of 1.07.

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

WisdomTree Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th will be given a $0.03 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $0.12 annualized dividend and a yield of 1.26%. WisdomTree’s dividend payout ratio is currently 34.29%.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group cut their target price on WisdomTree from $9.75 to $8.50 and set a “sell” rating on the stock in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.42.

About WisdomTree

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.