Janus Henderson Group PLC Buys 194,369 Shares of WisdomTree, Inc. (NYSE:WT)

Janus Henderson Group PLC increased its stake in shares of WisdomTree, Inc. (NYSE:WT) by 7.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,788,746 shares of the company’s stock after purchasing an additional 194,369 shares during the period. Janus Henderson Group PLC’s holdings in WisdomTree were worth $25,629,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Avior Wealth Management LLC purchased a new position in WisdomTree during the fourth quarter valued at $40,000. Allspring Global Investments Holdings LLC purchased a new position in WisdomTree during the 4th quarter valued at about $46,000. Simplex Trading LLC purchased a new position in shares of WisdomTree in the 4th quarter worth approximately $55,000. Miracle Mile Advisors LLC purchased a new position in shares of WisdomTree in the 4th quarter worth approximately $69,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of WisdomTree in the 4th quarter worth approximately $94,000. 78.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WT has been the subject of several research reports. UBS Group lifted their price objective on shares of WisdomTree from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $12.00 target price (up previously from $11.00) on shares of WisdomTree in a report on Monday. Craig Hallum upped their target price on shares of WisdomTree from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Monday. Oppenheimer upped their price objective on shares of WisdomTree from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Monday. Finally, Morgan Stanley upped their target price on shares of WisdomTree from $7.75 to $9.25 and gave the company an “equal weight” rating in a research report on Wednesday, April 17th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $11.96.

WisdomTree Trading Up 0.3 %

Shares of WT stock traded up $0.04 during mid-day trading on Wednesday, reaching $11.85. The company’s stock had a trading volume of 587,591 shares, compared to its average volume of 1,107,199. The company’s 50 day simple moving average is $10.12 and its 200-day simple moving average is $8.97. WisdomTree, Inc. has a 12-month low of $6.06 and a 12-month high of $12.00. The company has a quick ratio of 2.18, a current ratio of 3.01 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $1.80 billion, a PE ratio of 17.39 and a beta of 1.48.

WisdomTree Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Wednesday, August 7th. WisdomTree’s dividend payout ratio is currently 17.65%.

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.