WisdomTree (NYSE:WT) Insider Sells $270,900.00 in Stock

WisdomTree, Inc. (NYSE:WT) insider David Yates sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $18.06, for a total transaction of $270,900.00. Following the sale, the insider owned 157,499 shares of the company’s stock, valued at $2,844,431.94. This represents a 8.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

WisdomTree Stock Up 2.1%

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

WisdomTree (NYSE:WT) last posted its earnings results on Friday, May 1st. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. WisdomTree had a net margin of 11.26% and a return on equity of 33.31%. The firm had revenue of $159.50 million during the quarter, compared to the consensus estimate of $156.96 million. During the same quarter last year, the firm earned $0.16 EPS. The firm’s revenue for the quarter was up 47.5% on a year-over-year basis. On average, equities research analysts predict that WisdomTree, Inc. will post 1.11 earnings per share for the current year.

WisdomTree Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $0.12 annualized dividend and a yield of 0.6%. WisdomTree’s dividend payout ratio (DPR) is 29.27%.

Institutional Trading of WisdomTree

Several large investors have recently modified their holdings of the business. Sowell Financial Services LLC grew its position in shares of WisdomTree by 6.3% in the fourth quarter. Sowell Financial Services LLC now owns 11,518 shares of the company’s stock valued at $140,000 after purchasing an additional 680 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of WisdomTree by 3.9% in the fourth quarter. Russell Investments Group Ltd. now owns 20,605 shares of the company’s stock valued at $251,000 after purchasing an additional 778 shares during the last quarter. Cooper Financial Group boosted its position in WisdomTree by 6.6% during the fourth quarter. Cooper Financial Group now owns 12,849 shares of the company’s stock worth $157,000 after acquiring an additional 799 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in WisdomTree by 3.4% during the third quarter. Oregon Public Employees Retirement Fund now owns 27,056 shares of the company’s stock worth $376,000 after acquiring an additional 900 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in WisdomTree by 9.6% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 12,220 shares of the company’s stock worth $170,000 after acquiring an additional 1,068 shares during the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on WT shares. Oppenheimer boosted their price target on shares of WisdomTree from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Northland Securities set a $20.00 target price on WisdomTree in a research note on Monday, February 2nd. Raymond James Financial started coverage on shares of WisdomTree in a report on Tuesday, April 21st. They set an “outperform” rating and a $20.00 price target for the company. The Goldman Sachs Group reissued a “neutral” rating and set a $16.80 price target on shares of WisdomTree in a report on Tuesday. Finally, Morgan Stanley set a $18.00 price target on shares of WisdomTree in a report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, WisdomTree currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.47.

WisdomTree Company Profile

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.