Capital World Investors Purchases New Position in WisdomTree, Inc. $WT

Capital World Investors purchased a new stake in WisdomTree, Inc. (NYSE:WT) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 2,529,511 shares of the company’s stock, valued at approximately $30,835,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in WisdomTree by 48.6% in the 3rd quarter. Principal Financial Group Inc. now owns 854,509 shares of the company’s stock valued at $11,878,000 after buying an additional 279,296 shares during the last quarter. Public Sector Pension Investment Board increased its stake in WisdomTree by 18.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 469,086 shares of the company’s stock valued at $6,520,000 after buying an additional 74,070 shares during the last quarter. Tudor Investment Corp ET AL increased its stake in 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 buying an additional 93,094 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new stake in WisdomTree in the 3rd quarter valued at about $1,248,000. Finally, American Century Companies Inc. increased its stake 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 buying an additional 1,087,460 shares during the last quarter. Hedge funds and other institutional investors own 78.64% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Zacks Research lowered shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Oppenheimer increased their price objective on shares of WisdomTree from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Weiss Ratings lowered shares of WisdomTree from a “buy (b)” rating to a “hold (c)” rating in a research note on Friday, May 8th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $16.80 price objective on shares of WisdomTree in a research note on Tuesday, May 5th. Finally, Wall Street Zen upgraded shares of WisdomTree from a “hold” rating to a “buy” rating in a research note on Tuesday, May 19th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, WisdomTree has an average rating of “Moderate Buy” and a consensus price target of $18.80.

Insider Activity at WisdomTree

In other news, insider David M. Yates sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $18.06, for a total transaction of $270,900.00. Following the completion of the sale, the insider owned 157,499 shares in the company, valued at $2,844,431.94. This trade represents a 8.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO R Jarrett Lilien sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $18.99, for a total transaction of $569,700.00. Following the sale, the chief operating officer owned 1,110,245 shares of the company’s stock, valued at approximately $21,083,552.55. The trade was a 2.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 10.10% of the company’s stock.

WisdomTree Trading Down 2.5%

Shares of WT stock opened at $17.16 on Wednesday. The company has a 50 day moving average of $17.55 and a 200-day moving average of $15.40. 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 12-month low of $9.98 and a 12-month high of $19.85. The firm has a market cap of $2.62 billion, a P/E ratio of 41.85 and a beta of 1.15.

WisdomTree (NYSE:WT) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. WisdomTree had a net margin of 11.26% and a return on equity of 33.31%. The company had revenue of $159.50 million during the quarter, compared to analyst estimates of $156.96 million. During the same quarter last year, the business posted $0.16 EPS. WisdomTree’s quarterly revenue was up 47.5% compared to the same quarter last year. Sell-side analysts anticipate that WisdomTree, Inc. will post 1.14 earnings per share for the current year.

WisdomTree Dividend Announcement

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

WisdomTree 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.