VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $1.17 Million Investment in WisdomTree, Inc. $WT

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of WisdomTree, Inc. (NYSE:WTFree Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 68,950 shares of the company’s stock, valued at approximately $1,168,000.

Several other institutional investors have also made changes to their positions in WT. Russell Investments Group Ltd. grew its stake in shares of WisdomTree by 3.9% in the 4th quarter. Russell Investments Group Ltd. now owns 20,605 shares of the company’s stock valued at $251,000 after buying an additional 778 shares in the last quarter. Clearstead Trust LLC bought a new position in WisdomTree during the second quarter valued at approximately $92,000. Pictet Asset Management Holding SA lifted its stake in WisdomTree by 5.3% in the first quarter. Pictet Asset Management Holding SA now owns 21,947 shares of the company’s stock valued at $320,000 after acquiring an additional 1,108 shares during the last quarter. Osaic Holdings Inc. lifted its stake in WisdomTree by 1.5% in the second quarter. Osaic Holdings Inc. now owns 87,126 shares of the company’s stock valued at $1,003,000 after acquiring an additional 1,266 shares during the last quarter. Finally, Illinois Municipal Retirement Fund grew its position in WisdomTree by 2.1% in the fourth quarter. Illinois Municipal Retirement Fund now owns 61,799 shares of the company’s stock worth $753,000 after acquiring an additional 1,281 shares in the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

WisdomTree Price Performance

Shares of NYSE:WT opened at $23.91 on Friday. The business has a 50 day moving average price of $21.80 and a 200 day moving average price of $18.74. WisdomTree, Inc. has a twelve month low of $10.69 and a twelve month high of $25.91. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 45.99 and a beta of 1.20. The company has a quick ratio of 2.73, a current ratio of 3.00 and a debt-to-equity ratio of 2.53.

WisdomTree (NYSE:WTGet Free Report) last announced its earnings results on Friday, July 31st. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. WisdomTree had a net margin of 13.27% and a return on equity of 39.12%. The business had revenue of $177.16 million for the quarter, compared to analyst estimates of $170.62 million. During the same quarter in the previous year, the firm posted $0.18 earnings per share. WisdomTree’s revenue was up 57.3% compared to the same quarter last year. Research analysts predict that WisdomTree, Inc. will post 1.19 earnings per share for the current year.

WisdomTree Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.5%. WisdomTree’s dividend payout ratio is currently 23.08%.

Insider Activity at WisdomTree

In related news, COO R. Jarrett Lilien sold 30,000 shares of the stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $24.56, for a total value of $736,800.00. Following the completion of the sale, the chief operating officer owned 1,080,245 shares in the company, valued at approximately $26,530,817.20. This trade represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 10.10% of the company’s stock.

Analyst Ratings Changes

WT has been the topic of several analyst reports. Morgan Stanley set a $21.00 price target on shares of WisdomTree in a research note on Wednesday, July 29th. Northland Securities increased their target price on shares of WisdomTree from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. Wall Street Zen raised WisdomTree from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Raymond James Financial reiterated an “outperform” rating and set a $26.00 price target on shares of WisdomTree in a research note on Thursday, August 27th. Finally, The Goldman Sachs Group increased their price objective on WisdomTree from $16.40 to $18.30 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $23.66.

Read Our Latest Stock Analysis on WisdomTree

WisdomTree Profile

(Free Report)

WisdomTree, Inc is a financial services company that operates as an exchange-traded fund (ETF) and exchange-traded product sponsor and asset manager. The company develops and manages investment strategies designed to provide exposure to equities, fixed income, currencies, commodities, alternatives and other asset classes.

Its product offerings include dividend-focused, growth and value ETFs, actively managed funds, currency and commodity products, and funds focused on environmental, social and governance themes.

Further Reading

Institutional Ownership by Quarter for WisdomTree (NYSE:WT)

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