Insider Selling: WisdomTree (NYSE:WT) COO Sells $505,200.00 in Stock

WisdomTree, Inc. (NYSE:WT) COO R Jarrett Lilien sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $16.84, for a total value of $505,200.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link.

WisdomTree Stock Down 1.5%

WT stock opened at $17.11 on Friday. The stock has a market capitalization of $2.42 billion, a P/E ratio of 22.81 and a beta of 1.09. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.75 and a quick ratio of 1.37. WisdomTree, Inc. has a 1-year low of $7.47 and a 1-year high of $17.48. The business has a fifty day moving average price of $15.02 and a 200-day moving average price of $13.49.

WisdomTree (NYSE:WT) last released its quarterly earnings data on Friday, January 30th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.23 by $0.06. The company had revenue of $147.43 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the company earned $0.17 EPS. Equities analysts forecast that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on WT shares. The Goldman Sachs Group boosted 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. Morgan Stanley set a $16.75 price objective on WisdomTree in a report on Tuesday, February 10th. Oppenheimer upped their price objective on WisdomTree from $17.00 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, February 3rd. Northland Securities set a $20.00 target price on WisdomTree in a research report on Monday, February 2nd. Finally, Zacks Research raised shares of WisdomTree from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, WisdomTree currently has an average rating of “Moderate Buy” and a consensus price target of $17.65.

Hedge Funds Weigh In On WisdomTree

Several large investors have recently added to or reduced their stakes in WT. Wellington Management Group LLP boosted its position in shares of WisdomTree by 236.5% in the third quarter. Wellington Management Group LLP now owns 9,674,630 shares of the company’s stock worth $134,477,000 after purchasing an additional 6,799,654 shares during the period. Capital World Investors purchased a new position in shares of WisdomTree during the 4th quarter valued at $30,835,000. Goldman Sachs Group Inc. boosted its holdings in WisdomTree by 116.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,389,653 shares of the company’s stock worth $41,320,000 after buying an additional 1,823,777 shares during the period. Capitolis Liquid Global Markets LLC purchased a new stake in WisdomTree in the 3rd quarter worth $24,125,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in WisdomTree by 463.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,697,707 shares of the company’s stock valued at $23,598,000 after acquiring an additional 1,396,569 shares during the period. 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.