R Jarrett Lilien Sells 30,000 Shares of WisdomTree (NYSE:WT) Stock

WisdomTree, Inc. (NYSE:WT) COO R. Jarrett Lilien sold 30,000 shares of the firm’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $24.56, for a total value of $736,800.00. Following the transaction, the chief operating officer owned 1,080,245 shares in the company, valued at approximately $26,530,817.20. This trade represents a 2.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

WisdomTree Stock Performance

NYSE:WT opened at $23.91 on Friday. The stock has a fifty day moving average price of $21.80 and a 200-day moving average price of $18.74. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 45.99 and a beta of 1.20. The company has a debt-to-equity ratio of 2.53, a quick ratio of 2.73 and a current ratio of 3.00. WisdomTree, Inc. has a fifty-two week low of $10.69 and a fifty-two week high of $25.91.

WisdomTree (NYSE:WT) last issued its quarterly earnings results on Friday, July 31st. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. The company had revenue of $177.16 million for the quarter, compared to analysts’ expectations of $170.62 million. WisdomTree had a return on equity of 39.12% and a net margin of 13.27%.WisdomTree’s revenue was up 57.3% on a year-over-year basis. During the same quarter last year, the business earned $0.18 earnings per share. As a group, equities analysts anticipate that WisdomTree, Inc. will post 1.19 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, August 12th. WisdomTree’s dividend payout ratio (DPR) is currently 23.08%.

Hedge Funds Weigh In On WisdomTree

Several institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. lifted its position in shares of WisdomTree by 3.9% during the 4th quarter. Russell Investments Group Ltd. now owns 20,605 shares of the company’s stock valued at $251,000 after acquiring an additional 778 shares during the period. Clearstead Trust LLC acquired a new position in shares of WisdomTree during the second quarter valued at about $92,000. Pictet Asset Management Holding SA grew its holdings in shares of WisdomTree by 5.3% during the first quarter. Pictet Asset Management Holding SA now owns 21,947 shares of the company’s stock valued at $320,000 after buying an additional 1,108 shares during the last quarter. Osaic Holdings Inc. boosted its stake in WisdomTree by 1.5% during the 2nd quarter. Osaic Holdings Inc. now owns 87,126 shares of the company’s stock valued at $1,003,000 after purchasing an additional 1,266 shares during the last quarter. Finally, Illinois Municipal Retirement Fund grew its holdings in WisdomTree by 2.1% during the fourth quarter. Illinois Municipal Retirement Fund now owns 61,799 shares of the company’s stock worth $753,000 after buying an additional 1,281 shares in the last quarter. 78.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on WT. Northland Securities upped their price target on shares of WisdomTree from $22.00 to $26.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. Morgan Stanley set a $21.00 price objective on shares of WisdomTree in a research note on Wednesday, July 29th. Zacks Research cut WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Wall Street Zen raised shares of WisdomTree from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Finally, The Goldman Sachs Group increased their target price on WisdomTree from $16.40 to $18.30 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, WisdomTree presently has an average rating of “Hold” and a consensus target price of $23.66.

WisdomTree Company Profile

WisdomTree, Inc is a financial services company that operates as an exchange-traded fund (ETF) and exchange-traded product sponsor and asset manager. The company develops and manages investment strategies designed to provide exposure to equities, fixed income, currencies, commodities, alternatives and other asset classes.

Its product offerings include dividend-focused, growth and value ETFs, actively managed funds, currency and commodity products, and funds focused on environmental, social and governance themes.