WisdomTree, Inc. $WT Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its holdings in shares of WisdomTree, Inc. (NYSE:WT) by 68.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 51,656 shares of the company’s stock after selling 114,206 shares during the quarter. SG Americas Securities LLC’s holdings in WisdomTree were worth $752,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WT. Tudor Investment Corp ET AL raised its stake in shares of WisdomTree by 18.7% in the 3rd quarter. Tudor Investment Corp ET AL now owns 591,244 shares of the company’s stock valued at $8,218,000 after acquiring an additional 93,094 shares during the period. Capitolis Liquid Global Markets LLC purchased a new position in shares of WisdomTree during the 3rd quarter worth approximately $24,125,000. American Century Companies Inc. increased its holdings in WisdomTree by 123.4% in the 3rd quarter. American Century Companies Inc. now owns 1,968,507 shares of the company’s stock valued at $27,362,000 after purchasing an additional 1,087,460 shares during the last quarter. UBS Group AG increased its holdings in WisdomTree by 654.6% in the 4th quarter. UBS Group AG now owns 1,133,254 shares of the company’s stock valued at $13,814,000 after purchasing an additional 983,070 shares during the last quarter. Finally, Wakefield Asset Management LLLP purchased a new stake in WisdomTree in the fourth quarter valued at approximately $1,298,000. 78.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other WisdomTree news, insider David M. Yates sold 15,000 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $18.06, for a total value 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 trade represents a 8.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO R Jarrett Lilien sold 30,000 shares of WisdomTree stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $18.99, for a total value of $569,700.00. Following the completion of the transaction, the chief operating officer owned 1,110,245 shares of the company’s stock, valued at $21,083,552.55. The trade was a 2.63% decrease in their position. The SEC filing for this sale provides additional information. 10.10% of the stock is owned by corporate insiders.

WisdomTree Stock Performance

Shares of WT stock opened at $18.12 on Tuesday. The firm has a 50 day moving average of $18.26 and a two-hundred day moving average of $16.27. The stock has a market capitalization of $2.77 billion, a PE ratio of 44.29 and a beta of 1.18. The company has a quick ratio of 4.18, a current ratio of 4.57 and a debt-to-equity ratio of 2.37. WisdomTree, Inc. has a 52 week low of $10.69 and a 52 week high of $19.85.

WisdomTree (NYSE:WT) last posted its quarterly earnings data 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 business had revenue of $159.50 million for the quarter, compared to analyst estimates of $156.96 million. WisdomTree had a return on equity of 33.31% and a net margin of 11.26%.The company’s revenue was up 47.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.16 earnings per share. On average, research analysts predict that WisdomTree, Inc. will post 1.15 EPS for the current fiscal year.

WisdomTree Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were issued a dividend of $0.03 per share. The ex-dividend date was Wednesday, May 13th. This represents a $0.12 annualized dividend and a yield of 0.7%. WisdomTree’s dividend payout ratio is 29.27%.

Analyst Ratings Changes

A number of research analysts have commented on WT shares. Raymond James Financial assumed 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. Wall Street Zen cut WisdomTree from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Weiss Ratings downgraded WisdomTree from a “buy (b)” rating to a “hold (c)” rating in a report on Friday, May 8th. Morgan Stanley increased their target price on WisdomTree from $18.00 to $20.50 and gave the stock an “equal weight” rating in a research note on Friday, June 26th. Finally, Northland Securities set a $22.00 target price on WisdomTree in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $20.06.

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.