WisdomTree, Inc. $WT Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Boosts Position

VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in shares of WisdomTree, Inc. (NYSE:WT) by 37.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,750 shares of the company’s stock after buying an additional 25,800 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.06% of WisdomTree worth $2,301,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Nykredit A S bought a new stake in WisdomTree in the second quarter worth $27,000. Team Financial Group LLC purchased a new stake in shares of WisdomTree in the first quarter worth $29,000. Transamerica Financial Advisors LLC purchased a new stake in shares of WisdomTree in the second quarter worth $36,000. Persistent Asset Partners Ltd bought a new position in shares of WisdomTree during the second quarter valued at $75,000. Finally, Clearstead Trust LLC bought a new position in shares of WisdomTree during the second quarter valued at $92,000. Hedge funds and other institutional investors own 78.64% of the company’s stock.

WisdomTree Stock Down 2.5%

WT stock opened at $19.75 on Wednesday. WisdomTree, Inc. has a 1-year low of $10.69 and a 1-year high of $25.91. The business has a fifty day moving average price of $22.97 and a 200-day moving average price of $19.10. The company has a debt-to-equity ratio of 2.38, a current ratio of 3.54 and a quick ratio of 3.20. The stock has a market capitalization of $2.99 billion, a P/E ratio of 27.82 and a beta of 1.18.

WisdomTree (NYSE:WT) last announced its quarterly earnings results on Friday, October 30th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. WisdomTree had a return on equity of 40.93% and a net margin of 16.64%. The firm had revenue of $179.38 million for the quarter, compared to the consensus estimate of $180.68 million. During the same period in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 42.8% on a year-over-year basis. Equities analysts forecast that WisdomTree, Inc. will post 1.19 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Wednesday, November 11th will be given a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $0.12 dividend on an annualized basis and a yield of 0.6%. WisdomTree’s payout ratio is 16.90%.

Insiders Place Their Bets

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

Analyst Ratings Changes

WT has been the topic of a number of analyst reports. Weiss Ratings cut shares of WisdomTree from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday. Morgan Stanley reduced their price objective on shares of WisdomTree from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 28th. Wall Street Zen cut shares of WisdomTree from a “buy” rating to a “hold” rating in a report on Saturday, October 24th. Raymond James Financial reaffirmed an “outperform” rating and issued a $26.00 target price on shares of WisdomTree in a report on Thursday, August 27th. Finally, Oppenheimer upped their target price on shares of WisdomTree from $22.00 to $27.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 26th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $25.72.

WisdomTree Company Profile

WisdomTree, Inc is a financial services company that sponsors and manages exchange-traded funds (ETFs) and exchange-traded products. Its offerings provide access to equities, fixed income, currencies, commodities, alternatives and other asset classes through rules-based investment strategies designed for individual and institutional investors.

The company also provides model portfolios, separately managed accounts and other investment solutions for financial professionals. In addition, WisdomTree has developed products and capabilities related to digital assets and blockchain-enabled financial services, subject to applicable regulatory requirements.

Founded in 1985 and formerly known as WisdomTree Investments, the company launched its first ETFs in 2006 and became known for dividend-focused and fundamentally weighted strategies.