Vanguard Group Inc. Sells 551,059 Shares of WisdomTree, Inc. $WT

Vanguard Group Inc. reduced its stake in shares of WisdomTree, Inc. (NYSE:WT) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,001,755 shares of the company’s stock after selling 551,059 shares during the quarter. Vanguard Group Inc. owned 0.10% of WisdomTree worth $170,681,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP grew its stake in shares of WisdomTree by 1,679.0% during the third quarter. Quarry LP now owns 2,206 shares of the company’s stock valued at $31,000 after buying an additional 2,082 shares during the last quarter. First Horizon Corp bought a new position in shares of WisdomTree during the third quarter valued at about $32,000. Flagship Harbor Advisors LLC bought a new position in shares of WisdomTree during the fourth quarter valued at about $36,000. Neo Ivy Capital Management bought a new position in shares of WisdomTree during the third quarter valued at about $37,000. Finally, Federated Hermes Inc. grew its stake in shares of WisdomTree by 105.7% during the third quarter. Federated Hermes Inc. now owns 3,011 shares of the company’s stock valued at $42,000 after buying an additional 1,547 shares during the last quarter. 78.64% of the stock is owned by institutional investors.

Insider Transactions at WisdomTree

In related news, insider David M. Yates sold 15,000 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $18.06, for a total value of $270,900.00. Following the completion of the transaction, the insider directly owned 157,499 shares of the company’s stock, valued at $2,844,431.94. This represents a 8.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO R Jarrett Lilien sold 30,000 shares of the stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $16.84, for a total transaction of $505,200.00. Following the completion of the transaction, the chief operating officer directly owned 1,140,245 shares of the company’s stock, valued at approximately $19,201,725.80. The trade was a 2.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 10.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

WT has been the topic of a number of recent research reports. Morgan Stanley set a $18.00 price objective on WisdomTree in a research note on Thursday, April 30th. Northland Securities set a $20.00 target price on shares of WisdomTree in a report on Monday, February 2nd. Weiss Ratings lowered shares of WisdomTree from a “buy (b)” rating to a “hold (c)” rating in a report on Friday. Oppenheimer increased their target price on shares of WisdomTree from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Finally, Raymond James Financial assumed coverage on shares of WisdomTree in a report on Tuesday, April 21st. They set an “outperform” rating and a $20.00 target price for the company. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $18.47.

WisdomTree Stock Performance

WisdomTree stock opened at $19.11 on Monday. The company has a current ratio of 4.57, a quick ratio of 4.18 and a debt-to-equity ratio of 2.37. The firm has a 50-day moving average of $16.03 and a 200-day moving average of $14.25. The firm has a market cap of $2.92 billion, a P/E ratio of 46.61 and a beta of 1.13. WisdomTree, Inc. has a 1-year low of $9.24 and a 1-year high of $19.29.

WisdomTree (NYSE:WT) last posted its earnings results on Friday, May 1st. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The company had revenue of $159.50 million during the quarter, compared to analyst estimates of $156.96 million. WisdomTree had a net margin of 11.26% and a return on equity of 33.31%. WisdomTree’s revenue for the quarter was up 47.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.16 earnings per share. Sell-side analysts expect that WisdomTree, Inc. will post 1.11 EPS for the current year.

WisdomTree Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, May 13th. WisdomTree’s dividend payout ratio is presently 29.27%.

About WisdomTree

WisdomTree Investments, Inc (NYSE: WT) is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.