WisdomTree, Inc. $WT Shares Sold by Tobam

Tobam lessened its holdings in WisdomTree, Inc. (NYSE:WT) by 71.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 23,607 shares of the company’s stock after selling 60,201 shares during the quarter. Tobam’s holdings in WisdomTree were worth $288,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Mercer Global Advisors Inc. ADV boosted its position in WisdomTree by 37.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 26,425 shares of the company’s stock worth $322,000 after purchasing an additional 7,223 shares during the period. XTX Topco Ltd purchased a new position in WisdomTree in the fourth quarter valued at about $611,000. nVerses Capital LLC acquired a new position in shares of WisdomTree during the fourth quarter worth about $210,000. Wellington Management Group LLP lifted its stake in shares of WisdomTree by 15.7% during the fourth quarter. Wellington Management Group LLP now owns 11,196,229 shares of the company’s stock worth $136,482,000 after purchasing an additional 1,521,599 shares in the last quarter. Finally, SummitTX Capital L.P. lifted its stake in shares of WisdomTree by 377.7% during the fourth quarter. SummitTX Capital L.P. now owns 299,966 shares of the company’s stock worth $3,657,000 after purchasing an additional 237,170 shares in the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Oppenheimer increased their target price on WisdomTree from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Weiss Ratings cut WisdomTree from a “buy (b)” rating to a “hold (c)” rating in a report on Friday, May 8th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $16.80 price objective on shares of WisdomTree in a research report on Tuesday, May 5th. Zacks Research lowered shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Finally, Raymond James Financial initiated coverage on shares of WisdomTree in a research report on Tuesday, April 21st. They set an “outperform” rating and a $20.00 target price on the stock. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, WisdomTree currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.80.

Insider Activity at WisdomTree

In other news, COO R Jarrett Lilien sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $18.99, for a total transaction of $569,700.00. Following the completion of the sale, the chief operating officer owned 1,110,245 shares of the company’s stock, valued at approximately $21,083,552.55. This trade represents a 2.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David M. Yates sold 15,000 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $18.06, for a total transaction of $270,900.00. Following the completion of the sale, the insider directly owned 157,499 shares in the company, valued at $2,844,431.94. This represents a 8.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 10.10% of the company’s stock.

WisdomTree Stock Down 0.1%

Shares of NYSE WT opened at $18.28 on Friday. WisdomTree, Inc. has a 1 year low of $10.16 and a 1 year high of $19.85. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 44.59 and a beta of 1.15. The company has a debt-to-equity ratio of 2.37, a quick ratio of 4.18 and a current ratio of 4.57. The stock’s 50-day simple moving average is $18.07 and its 200-day simple moving average is $15.76.

WisdomTree (NYSE:WT) last released its quarterly earnings results on Friday, May 1st. The company reported $0.27 EPS for the quarter, topping 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 business had revenue of $159.50 million for the quarter, compared to analysts’ expectations of $156.96 million. During the same quarter in the previous year, the firm posted $0.16 earnings per share. The company’s revenue was up 47.5% compared to the same quarter last year. As a group, equities analysts anticipate that WisdomTree, Inc. will post 1.14 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was 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.