Thrivent Financial for Lutherans Has $1.81 Million Position in WisdomTree, Inc. $WT

Thrivent Financial for Lutherans boosted its holdings in WisdomTree, Inc. (NYSE:WT) by 45.9% during the third quarter, HoldingsChannel.com reports. The fund owned 130,555 shares of the company’s stock after purchasing an additional 41,071 shares during the period. Thrivent Financial for Lutherans’ holdings in WisdomTree were worth $1,814,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WT. Simcoe Capital Management LLC boosted its holdings in WisdomTree by 23.5% during the second quarter. Simcoe Capital Management LLC now owns 4,924,550 shares of the company’s stock valued at $56,682,000 after purchasing an additional 935,505 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in WisdomTree by 8.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,425,822 shares of the company’s stock valued at $16,411,000 after buying an additional 107,076 shares in the last quarter. Prudential Financial Inc. boosted its stake in WisdomTree by 1,119.9% in the 2nd quarter. Prudential Financial Inc. now owns 1,423,293 shares of the company’s stock valued at $16,382,000 after buying an additional 1,306,620 shares in the last quarter. Tidal Investments LLC bought a new stake in WisdomTree in the second quarter valued at $15,649,000. Finally, Balyasny Asset Management L.P. raised its stake in WisdomTree by 1,432.7% during the second quarter. Balyasny Asset Management L.P. now owns 1,202,765 shares of the company’s stock worth $13,844,000 after acquiring an additional 1,124,293 shares in the last quarter. Institutional investors own 78.64% of the company’s stock.

Insiders Place Their Bets

In other news, COO R Jarrett Lilien sold 12,500 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $11.01, for a total transaction of $137,625.00. Following the transaction, the chief operating officer owned 998,638 shares of the company’s stock, valued at $10,995,004.38. This represents a 1.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David M. Yates sold 6,820 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $11.12, for a total value of $75,838.40. Following the sale, the insider directly owned 152,123 shares of the company’s stock, valued at $1,691,607.76. This represents a 4.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 9.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

WT has been the topic of several recent analyst reports. Northland Securities set a $20.00 target price on shares of WisdomTree in a research note on Monday, February 2nd. Zacks Research downgraded shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. Wall Street Zen raised shares of WisdomTree from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Morgan Stanley set a $16.75 price objective on shares of WisdomTree in a report on Tuesday. Finally, The Goldman Sachs Group lifted their target price on shares of WisdomTree from $14.00 to $15.50 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.65.

WisdomTree Stock Down 1.2%

Shares of NYSE WT opened at $16.05 on Thursday. WisdomTree, Inc. has a 12-month low of $7.47 and a 12-month high of $17.09. The firm’s 50-day simple moving average is $13.83 and its 200 day simple moving average is $13.19. The company has a quick ratio of 1.37, a current ratio of 1.75 and a debt-to-equity ratio of 1.94. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 21.39 and a beta of 1.09.

WisdomTree (NYSE:WT) last announced its earnings results on Friday, January 30th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.06. WisdomTree had a net margin of 22.10% and a return on equity of 30.24%. The company had revenue of $147.40 million during the quarter, compared to the consensus estimate of $142.78 million. During the same period in the previous year, the firm posted $0.17 earnings per share. The company’s revenue was up 33.2% on a year-over-year basis. On average, research analysts expect that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $0.12 annualized dividend and a yield of 0.7%. WisdomTree’s dividend payout ratio is currently 16.00%.

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.