VIRGINIA RETIREMENT SYSTEMS ET Al Buys 31,350 Shares of WisdomTree, Inc. $WT

VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in WisdomTree, Inc. (NYSE:WT) by 23.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 165,050 shares of the company’s stock after acquiring an additional 31,350 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in WisdomTree were worth $2,012,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nordea Investment Management AB increased its stake in WisdomTree by 27.4% in the third quarter. Nordea Investment Management AB now owns 524,014 shares of the company’s stock worth $7,284,000 after purchasing an additional 112,542 shares during the period. Principal Financial Group Inc. increased its stake in WisdomTree by 48.6% in the third quarter. Principal Financial Group Inc. now owns 854,509 shares of the company’s stock worth $11,878,000 after purchasing an additional 279,296 shares during the period. Public Sector Pension Investment Board increased its stake in WisdomTree by 18.8% in the third quarter. Public Sector Pension Investment Board now owns 469,086 shares of the company’s stock worth $6,520,000 after purchasing an additional 74,070 shares during the period. Tudor Investment Corp ET AL increased its stake in WisdomTree by 18.7% in the third quarter. Tudor Investment Corp ET AL now owns 591,244 shares of the company’s stock worth $8,218,000 after purchasing an additional 93,094 shares during the period. Finally, Jupiter Asset Management Ltd. purchased a new stake in WisdomTree in the third quarter worth $1,248,000. Hedge funds and other institutional investors own 78.64% of the company’s stock.

WisdomTree Stock Performance

Shares of WisdomTree stock opened at $19.42 on Friday. The firm has a market cap of $2.97 billion, a P/E ratio of 47.35 and a beta of 1.13. The company has a current ratio of 4.57, a quick ratio of 4.18 and a debt-to-equity ratio of 2.37. WisdomTree, Inc. has a 12 month low of $9.24 and a 12 month high of $19.85. The stock’s fifty day moving average price is $16.27 and its 200-day moving average price is $14.52.

WisdomTree (NYSE:WT) last posted its earnings results on Friday, May 1st. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. WisdomTree had a return on equity of 33.31% and a net margin of 11.26%.The company had revenue of $159.50 million for the quarter, compared to analyst estimates of $156.96 million. During the same quarter in the previous year, the firm earned $0.16 earnings per share. The firm’s quarterly revenue was up 47.5% compared to the same quarter last year. On average, equities research analysts expect that WisdomTree, Inc. will post 1.13 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

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

Wall Street Analysts Forecast Growth

WT has been the topic of a number of recent analyst reports. Wall Street Zen lowered WisdomTree from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Zacks Research lowered WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Northland Securities set a $20.00 price target on WisdomTree in a research note on Monday, February 2nd. Weiss Ratings lowered WisdomTree from a “buy (b)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Finally, Raymond James Financial began coverage on WisdomTree in a research note on Tuesday, April 21st. They set an “outperform” rating and a $20.00 price target on the stock. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, WisdomTree presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.47.

Insider Activity

In other WisdomTree news, COO R Jarrett Lilien sold 30,000 shares of WisdomTree stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $16.84, for a total value of $505,200.00. Following the transaction, the chief operating officer owned 1,140,245 shares in the company, valued at $19,201,725.80. The trade was a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David M. Yates sold 15,000 shares of WisdomTree 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 owned 157,499 shares in the company, valued at $2,844,431.94. This trade represents a 8.70% decrease in their position. The disclosure for this sale is available in the SEC filing. 10.10% of the stock is owned by insiders.

WisdomTree 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.