Nordea Investment Management AB Increases Stock Position in WisdomTree, Inc. $WT

Nordea Investment Management AB grew its position in shares of WisdomTree, Inc. (NYSE:WT) by 27.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 524,014 shares of the company’s stock after purchasing an additional 112,542 shares during the period. Nordea Investment Management AB’s holdings in WisdomTree were worth $7,284,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in WT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in WisdomTree by 2.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 456,990 shares of the company’s stock valued at $4,076,000 after buying an additional 12,402 shares in the last quarter. Jane Street Group LLC boosted its position in shares of WisdomTree by 379.3% during the 1st quarter. Jane Street Group LLC now owns 880,977 shares of the company’s stock valued at $7,858,000 after acquiring an additional 697,156 shares during the last quarter. Voya Investment Management LLC grew its holdings in shares of WisdomTree by 8.9% in the first quarter. Voya Investment Management LLC now owns 497,432 shares of the company’s stock valued at $4,437,000 after purchasing an additional 40,485 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in WisdomTree during the second quarter valued at $120,000. Finally, Park Avenue Securities LLC lifted its position in WisdomTree by 20.9% during the second quarter. Park Avenue Securities LLC now owns 39,863 shares of the company’s stock valued at $459,000 after purchasing an additional 6,890 shares during the last quarter. 78.64% of the stock is owned by institutional investors.

WisdomTree Price Performance

WT opened at $15.23 on Friday. The company has a current ratio of 2.82, a quick ratio of 2.41 and a debt-to-equity ratio of 2.16. The business’s fifty day simple moving average is $12.06 and its 200-day simple moving average is $12.77. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 23.42 and a beta of 1.08. WisdomTree, Inc. has a 12-month low of $7.47 and a 12-month high of $15.25.

WisdomTree (NYSE:WT) last released its quarterly earnings data on Friday, October 31st. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. The company had revenue of $125.62 million during the quarter, compared to analyst estimates of $122.00 million. WisdomTree had a net margin of 21.10% and a return on equity of 26.59%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.18 earnings per share. On average, equities research analysts anticipate that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were paid a dividend of $0.03 per share. The ex-dividend date was Wednesday, November 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.8%. WisdomTree’s dividend payout ratio (DPR) is currently 18.46%.

Analyst Ratings Changes

A number of analysts have recently weighed in on WT shares. Weiss Ratings upgraded shares of WisdomTree from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Wall Street Zen upgraded WisdomTree from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. The Goldman Sachs Group lowered their price target on WisdomTree from $14.75 to $13.25 and set a “neutral” rating for the company in a research report on Tuesday, November 25th. Morgan Stanley lifted their price target on shares of WisdomTree from $13.50 to $14.75 and gave the stock an “equal weight” rating in a research note on Wednesday, December 17th. Finally, Zacks Research raised shares of WisdomTree from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $14.80.

Insider Buying and Selling at WisdomTree

In related news, insider David M. Yates sold 6,820 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $11.12, for a total transaction of $75,838.40. Following the completion of the sale, the insider directly owned 152,123 shares in the company, valued at $1,691,607.76. This represents a 4.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO R Jarrett Lilien sold 12,500 shares of WisdomTree stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $11.01, for a total value of $137,625.00. Following the completion of the transaction, the chief operating officer owned 998,638 shares in the company, valued at $10,995,004.38. This trade represents a 1.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 44,320 shares of company stock worth $507,713 in the last ninety days. Insiders own 9.30% of the company’s stock.

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.