SG Americas Securities LLC Buys New Stake in WisdomTree, Inc. $WT

SG Americas Securities LLC bought a new position in WisdomTree, Inc. (NYSE:WT) during the 3rd quarter, Holdings Channel reports. The fund bought 50,882 shares of the company’s stock, valued at approximately $707,000.

A number of other hedge funds also recently bought and sold shares of the company. Traub Capital Management LLC acquired a new stake in shares of WisdomTree in the second quarter valued at about $58,000. Sowell Financial Services LLC acquired a new position in shares of WisdomTree during the 2nd quarter worth about $120,000. Vanguard Personalized Indexing Management LLC bought a new stake in WisdomTree during the 2nd quarter valued at approximately $128,000. CWM LLC grew its holdings in WisdomTree by 312.8% in the 2nd quarter. CWM LLC now owns 12,429 shares of the company’s stock valued at $143,000 after buying an additional 9,418 shares during the last quarter. Finally, Personal CFO Solutions LLC grew its holdings in WisdomTree by 7.9% in the 2nd quarter. Personal CFO Solutions LLC now owns 13,422 shares of the company’s stock valued at $154,000 after buying an additional 986 shares during the last quarter. 78.64% of the stock is currently owned by institutional investors.

Insider Activity

In related news, COO R Jarrett Lilien sold 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was 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 directly owned 998,638 shares in the company, valued at approximately $10,995,004.38. The trade was a 1.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David M. Yates sold 6,820 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $11.12, for a total value of $75,838.40. Following the sale, the insider directly owned 152,123 shares of the company’s stock, valued at approximately $1,691,607.76. The trade was a 4.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 44,320 shares of company stock valued at $507,713 over the last 90 days. Corporate insiders own 9.30% of the company’s stock.

WisdomTree Price Performance

Shares of WT opened at $15.75 on Thursday. 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 stock has a market cap of $2.22 billion, a P/E ratio of 24.23 and a beta of 1.08. The stock’s 50-day moving average price is $12.28 and its two-hundred day moving average price is $12.84. WisdomTree, Inc. has a 1 year low of $7.47 and a 1 year high of $15.88.

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 the consensus estimate of $0.21 by $0.02. WisdomTree had a net margin of 21.10% and a return on equity of 26.59%. The business had revenue of $125.62 million for the quarter, compared to analyst estimates of $122.00 million. During the same quarter last year, the firm earned $0.18 EPS. WisdomTree’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, equities analysts predict that WisdomTree, Inc. will post 0.72 earnings per share for the current year.

WisdomTree Dividend Announcement

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

Analyst Upgrades and Downgrades

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

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.