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 stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $16.84, for a total transaction of $505,200.00. Following the sale, the chief operating officer directly owned 1,140,245 shares in the company, valued at $19,201,725.80. This trade represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

WisdomTree Price Performance

Shares of WisdomTree stock traded up $0.06 during trading hours on Thursday, reaching $17.37. The stock had a trading volume of 3,387,227 shares, compared to its average volume of 4,452,011. The stock’s 50 day moving average is $14.82 and its 200 day moving average is $13.44. The company has a current ratio of 1.75, a quick ratio of 1.37 and a debt-to-equity ratio of 1.94. WisdomTree, Inc. has a twelve month low of $7.47 and a twelve month high of $17.48. The firm has a market capitalization of $2.44 billion, a PE ratio of 23.16 and a beta of 1.09.

WisdomTree (NYSE:WT) last announced its quarterly earnings results on Friday, January 30th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.06. The firm had revenue of $147.43 million during the quarter, compared to analyst estimates of $142.78 million. WisdomTree had a return on equity of 30.24% and a net margin of 22.10%.WisdomTree’s revenue for the quarter was up 33.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.17 EPS. Equities analysts expect that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th were given a $0.03 dividend. The ex-dividend date was Wednesday, February 11th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.7%. WisdomTree’s payout ratio is 16.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on WT shares. Oppenheimer increased their target price on WisdomTree from $17.00 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, February 3rd. Wall Street Zen upgraded shares of WisdomTree from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. The Goldman Sachs Group increased their price objective on shares of WisdomTree from $14.00 to $15.50 and gave the company a “neutral” rating in a report on Monday, February 2nd. Morgan Stanley set a $16.75 target price on shares of WisdomTree in a research note on Tuesday, February 10th. Finally, Northland Securities set a $20.00 price target on shares of WisdomTree in a research report on Monday, February 2nd. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $17.65.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sowell Financial Services LLC grew its holdings in shares of WisdomTree by 6.3% during the fourth quarter. Sowell Financial Services LLC now owns 11,518 shares of the company’s stock worth $140,000 after buying an additional 680 shares in the last quarter. Russell Investments Group Ltd. lifted its stake 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 worth $251,000 after buying an additional 778 shares in 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, Universal Beteiligungs und Servicegesellschaft mbH grew its stake in WisdomTree by 4.2% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 22,957 shares of the company’s stock valued at $264,000 after acquiring an additional 927 shares in the last quarter. Hedge funds and other institutional investors own 78.64% of the company’s stock.

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.